State of Alaska Department of Revenue Acquires 916 Shares of UDR, Inc. (NYSE:UDR)

State of Alaska Department of Revenue raised its holdings in shares of UDR, Inc. (NYSE:UDR) by 0.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 192,604 shares of the real estate investment trust’s stock after buying an additional 916 shares during the quarter. State of Alaska Department of Revenue owned about 0.06% of UDR worth $8,360,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Activest Wealth Management acquired a new position in UDR during the 3rd quarter valued at $27,000. Brooklyn Investment Group bought a new position in shares of UDR during the 3rd quarter worth about $33,000. Continuum Advisory LLC raised its position in shares of UDR by 5,335.3% during the third quarter. Continuum Advisory LLC now owns 924 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 907 shares during the last quarter. Mather Group LLC. lifted its stake in shares of UDR by 58.2% in the third quarter. Mather Group LLC. now owns 998 shares of the real estate investment trust’s stock valued at $45,000 after buying an additional 367 shares during the period. Finally, Salem Investment Counselors Inc. grew its position in UDR by 62.7% during the fourth quarter. Salem Investment Counselors Inc. now owns 1,349 shares of the real estate investment trust’s stock worth $59,000 after buying an additional 520 shares in the last quarter. 97.84% of the stock is owned by institutional investors.

UDR Trading Up 1.8 %

Shares of UDR opened at $42.99 on Friday. The company has a debt-to-equity ratio of 1.69, a quick ratio of 5.91 and a current ratio of 5.91. The company has a market cap of $14.18 billion, a price-to-earnings ratio of 116.18, a PEG ratio of 11.38 and a beta of 0.88. The stock has a fifty day moving average price of $42.78 and a two-hundred day moving average price of $43.43. UDR, Inc. has a 52-week low of $34.19 and a 52-week high of $47.55.

UDR (NYSE:UDR) last announced its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.53. UDR had a return on equity of 3.57% and a net margin of 7.68%. Analysts predict that UDR, Inc. will post 2.48 EPS for the current fiscal year.

UDR Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 9th were given a dividend of $0.425 per share. The ex-dividend date was Friday, January 10th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.95%. UDR’s payout ratio is 459.47%.

Wall Street Analyst Weigh In

Several research firms have commented on UDR. Scotiabank cut their price target on UDR from $49.00 to $48.00 and set a “sector perform” rating for the company in a report on Thursday, November 14th. Barclays cut their target price on UDR from $50.00 to $48.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Wells Fargo & Company decreased their price target on shares of UDR from $48.00 to $45.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Royal Bank of Canada dropped their price objective on shares of UDR from $46.00 to $45.00 and set a “sector perform” rating for the company in a research note on Tuesday, November 5th. Finally, StockNews.com upgraded shares of UDR from a “sell” rating to a “hold” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $46.06.

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.