UDR, Inc. (NYSE:UDR) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System decreased its position in UDR, Inc. (NYSE:UDR) by 0.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 595,501 shares of the real estate investment trust’s stock after selling 3,349 shares during the period. California Public Employees Retirement System’s holdings in UDR were worth $22,802,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Parkside Financial Bank & Trust grew its holdings in UDR by 225.7% in the third quarter. Parkside Financial Bank & Trust now owns 1,088 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 754 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of UDR by 87.3% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,435 shares of the real estate investment trust’s stock valued at $55,000 after acquiring an additional 669 shares in the last quarter. Allworth Financial LP lifted its position in shares of UDR by 20.1% in the fourth quarter. Allworth Financial LP now owns 1,943 shares of the real estate investment trust’s stock valued at $74,000 after acquiring an additional 325 shares in the last quarter. Clearstead Advisors LLC purchased a new stake in shares of UDR in the third quarter valued at $85,000. Finally, Cetera Trust Company N.A purchased a new stake in shares of UDR in the fourth quarter valued at $92,000. Institutional investors and hedge funds own 97.84% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on UDR shares. Deutsche Bank Aktiengesellschaft started coverage on UDR in a research report on Tuesday, January 30th. They issued a “hold” rating and a $40.00 price objective on the stock. Piper Sandler upgraded UDR from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $34.00 to $40.00 in a research report on Wednesday, April 10th. Barclays downgraded UDR from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $46.00 to $37.00 in a research report on Tuesday, February 20th. Truist Financial reduced their target price on UDR from $45.00 to $42.00 and set a “buy” rating on the stock in a research report on Tuesday, April 9th. Finally, UBS Group upgraded UDR from a “neutral” rating to a “buy” rating and increased their target price for the stock from $38.00 to $44.00 in a research report on Thursday. Eleven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $41.83.

UDR Stock Performance

UDR stock opened at $37.91 on Monday. The stock’s 50-day moving average is $36.73 and its 200-day moving average is $35.96. The company has a market cap of $12.48 billion, a price-to-earnings ratio of 28.29, a price-to-earnings-growth ratio of 3.03 and a beta of 0.80. The company has a debt-to-equity ratio of 1.47, a current ratio of 5.15 and a quick ratio of 5.15. 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. Stockholders of record on Wednesday, April 10th will be issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.48%. This is an increase from UDR’s previous quarterly dividend of $0.42. The ex-dividend date is Tuesday, April 9th. UDR’s dividend payout ratio (DPR) is 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.