State of Michigan Retirement System Sells 300 Shares of UDR, Inc. (NYSE:UDR)

State of Michigan Retirement System trimmed its position in UDR, Inc. (NYSE:UDR) by 0.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 81,445 shares of the real estate investment trust’s stock after selling 300 shares during the quarter. State of Michigan Retirement System’s holdings in UDR were worth $3,536,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC increased its stake in UDR by 17.8% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 9,242 shares of the real estate investment trust’s stock worth $419,000 after acquiring an additional 1,395 shares during the last quarter. Van ECK Associates Corp increased its position in UDR by 9.1% in the third quarter. Van ECK Associates Corp now owns 141,816 shares of the real estate investment trust’s stock worth $6,341,000 after purchasing an additional 11,838 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its position in UDR by 354.1% in the third quarter. Robeco Institutional Asset Management B.V. now owns 57,879 shares of the real estate investment trust’s stock worth $2,624,000 after purchasing an additional 45,134 shares during the last quarter. State of New Jersey Common Pension Fund D increased its position in UDR by 3.1% in the third quarter. State of New Jersey Common Pension Fund D now owns 337,524 shares of the real estate investment trust’s stock worth $15,303,000 after purchasing an additional 10,000 shares during the last quarter. Finally, Los Angeles Capital Management LLC increased its position in UDR by 1,665.3% in the third quarter. Los Angeles Capital Management LLC now owns 369,448 shares of the real estate investment trust’s stock worth $16,751,000 after purchasing an additional 348,520 shares during the last quarter. 97.84% of the stock is owned by institutional investors.

UDR Trading Up 0.5 %

NYSE UDR opened at $44.43 on Friday. The company’s 50-day moving average price is $42.47 and its 200-day moving average price is $43.78. The company has a current ratio of 5.61, a quick ratio of 5.91 and a debt-to-equity ratio of 1.71. The stock has a market cap of $14.71 billion, a PE ratio of 177.72, a PEG ratio of 8.67 and a beta of 0.88. UDR, Inc. has a 12 month low of $35.14 and a 12 month high of $47.55.

UDR (NYSE:UDR) last issued its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.53. UDR had a net margin of 5.36% and a return on equity of 2.65%. Equities research analysts forecast that UDR, Inc. will post 2.51 earnings per share for the current year.

UDR Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 9th were paid a $0.425 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.70 annualized dividend and a yield of 3.83%. UDR’s dividend payout ratio (DPR) is currently 680.00%.

Insider Transactions at UDR

In other UDR news, CEO Thomas W. Toomey sold 25,000 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $42.75, for a total transaction of $1,068,750.00. Following the transaction, the chief executive officer now directly owns 824,716 shares in the company, valued at $35,256,609. This represents a 2.94 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.73% of the company’s stock.

Analysts Set New Price Targets

UDR has been the topic of a number of research reports. Zelman & Associates restated a “neutral” rating on shares of UDR in a report on Thursday, February 13th. StockNews.com raised UDR from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Mizuho reduced their price objective on UDR from $47.00 to $45.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Jefferies Financial Group cut UDR from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $50.00 to $45.00 in a research note on Thursday, January 2nd. Finally, Scotiabank boosted their target price on UDR from $48.00 to $49.00 and gave the company a “sector perform” rating in a research report on Friday, February 14th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $46.18.

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.