18,300 Shares in UDR, Inc. (NYSE:UDR) Bought by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System bought a new position in UDR, Inc. (NYSE:UDR) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 18,300 shares of the real estate investment trust’s stock, valued at approximately $701,000.

Other large investors also recently modified their holdings of the company. SG Americas Securities LLC raised its position in UDR by 3.9% in the 3rd quarter. SG Americas Securities LLC now owns 50,093 shares of the real estate investment trust’s stock valued at $1,787,000 after buying an additional 1,860 shares during the last quarter. Exchange Traded Concepts LLC raised its position in UDR by 5.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 6,302 shares of the real estate investment trust’s stock valued at $225,000 after buying an additional 299 shares during the last quarter. Czech National Bank raised its position in UDR by 44.6% in the 3rd quarter. Czech National Bank now owns 52,979 shares of the real estate investment trust’s stock valued at $1,890,000 after buying an additional 16,342 shares during the last quarter. Handelsbanken Fonder AB raised its position in UDR by 3.4% in the 3rd quarter. Handelsbanken Fonder AB now owns 180,867 shares of the real estate investment trust’s stock valued at $6,452,000 after buying an additional 5,937 shares during the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in UDR by 15.4% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 101,205 shares of the real estate investment trust’s stock valued at $3,610,000 after buying an additional 13,500 shares during the last quarter. 97.84% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on UDR shares. UBS Group raised UDR from a “neutral” rating to a “buy” rating and raised their target price for the company from $38.00 to $44.00 in a research report on Thursday. Wells Fargo & Company raised UDR from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $34.00 to $39.00 in a research report on Monday, March 4th. Piper Sandler upgraded UDR from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $34.00 to $40.00 in a research note on Wednesday, April 10th. The Goldman Sachs Group started coverage on UDR in a research note on Thursday, February 22nd. They set a “neutral” rating and a $39.00 price target for the company. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $37.00 price target on shares of UDR in a research note on Monday, February 26th. Eleven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $41.83.

UDR Stock Performance

Shares of UDR opened at $37.91 on Friday. The company has a market cap of $12.48 billion, a PE ratio of 28.29, a price-to-earnings-growth ratio of 3.04 and a beta of 0.80. The company has a current ratio of 5.15, a quick ratio of 5.15 and a debt-to-equity ratio of 1.47. The stock has a 50-day moving average price of $36.73 and a 200-day moving average price of $35.96. UDR, Inc. has a 12-month low of $30.95 and a 12-month high of $44.02.

UDR Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Wednesday, April 10th will be issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.48%. This is a boost from UDR’s previous quarterly dividend of $0.42. The ex-dividend date is Tuesday, April 9th. UDR’s dividend payout ratio (DPR) is currently 126.87%.

About UDR

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.