Texas Permanent School Fund Has $1.82 Million Holdings in UDR, Inc. (NYSE:UDR)

Texas Permanent School Fund increased its stake in shares of UDR, Inc. (NYSE:UDRGet Rating) by 1.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,428 shares of the real estate investment trust’s stock after buying an additional 637 shares during the quarter. Texas Permanent School Fund’s holdings in UDR were worth $1,815,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Meeder Asset Management Inc. bought a new position in shares of UDR during the 1st quarter worth approximately $78,000. Victory Capital Management Inc. lifted its position in shares of UDR by 7.7% during the 1st quarter. Victory Capital Management Inc. now owns 134,849 shares of the real estate investment trust’s stock worth $7,175,000 after buying an additional 9,612 shares during the period. Clear Street Markets LLC lifted its position in shares of UDR by 412.3% during the 2nd quarter. Clear Street Markets LLC now owns 625 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 503 shares during the period. Cookson Peirce & Co. Inc. lifted its position in shares of UDR by 25.3% during the 1st quarter. Cookson Peirce & Co. Inc. now owns 6,924 shares of the real estate investment trust’s stock worth $397,000 after buying an additional 1,396 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in shares of UDR by 20.7% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 194,107 shares of the real estate investment trust’s stock worth $11,136,000 after buying an additional 33,332 shares during the period. Institutional investors own 95.28% of the company’s stock.

UDR Stock Down 0.3 %

Shares of UDR stock opened at $39.65 on Thursday. The company has a quick ratio of 3.72, a current ratio of 3.72 and a debt-to-equity ratio of 1.44. UDR, Inc. has a 12 month low of $37.18 and a 12 month high of $61.06. The business has a fifty day simple moving average of $40.79 and a 200 day simple moving average of $44.68. The stock has a market cap of $12.91 billion, a PE ratio of 80.92, a price-to-earnings-growth ratio of 2.16 and a beta of 0.72.

UDR Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, October 31st. Shareholders of record on Tuesday, October 11th were paid a $0.38 dividend. The ex-dividend date was Friday, October 7th. This represents a $1.52 dividend on an annualized basis and a yield of 3.83%. UDR’s payout ratio is 310.20%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on UDR shares. BMO Capital Markets downgraded UDR from an “outperform” rating to a “market perform” rating and set a $54.00 price objective for the company. in a research report on Friday, August 19th. The Goldman Sachs Group cut their price objective on UDR from $57.00 to $46.00 and set a “buy” rating for the company in a research report on Tuesday, October 18th. Mizuho cut their price objective on UDR from $46.00 to $41.00 and set a “neutral” rating for the company in a research report on Thursday, November 10th. Barclays cut their price objective on UDR from $56.00 to $44.00 and set an “overweight” rating for the company in a research report on Thursday, November 10th. Finally, Morgan Stanley cut their price objective on UDR from $54.00 to $49.00 and set an “equal weight” rating for the company in a research report on Friday, October 21st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $50.88.

UDR Company Profile

(Get Rating)

UDR, Inc (NYSE: UDR), an S&P 500 company, is a leading multifamily real estate investment trust with a demonstrated performance history of delivering superior and dependable returns by successfully managing, buying, selling, developing and redeveloping attractive real estate communities in targeted U.S.

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Institutional Ownership by Quarter for UDR (NYSE:UDR)

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