Kentucky Retirement Systems Insurance Trust Fund Boosts Stock Position in UDR, Inc. (NYSE:UDR)

Kentucky Retirement Systems Insurance Trust Fund boosted its holdings in UDR, Inc. (NYSE:UDRGet Rating) by 9.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,803 shares of the real estate investment trust’s stock after purchasing an additional 661 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in UDR were worth $468,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Nomura Asset Management Co. Ltd. boosted its position in UDR by 8.3% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 336,012 shares of the real estate investment trust’s stock worth $20,157,000 after purchasing an additional 25,850 shares during the last quarter. Inspire Investing LLC purchased a new position in UDR in the third quarter worth $2,138,000. Dupont Capital Management Corp boosted its position in UDR by 19.8% in the fourth quarter. Dupont Capital Management Corp now owns 35,641 shares of the real estate investment trust’s stock worth $2,138,000 after purchasing an additional 5,885 shares during the last quarter. Desjardins Global Asset Management Inc. purchased a new position in UDR in the fourth quarter worth $58,000. Finally, Franklin Resources Inc. lifted its position in shares of UDR by 4.3% during the 3rd quarter. Franklin Resources Inc. now owns 484,360 shares of the real estate investment trust’s stock valued at $25,661,000 after buying an additional 19,837 shares during the last quarter. 96.39% of the stock is currently owned by institutional investors and hedge funds.

NYSE UDR traded down $0.45 during trading on Monday, reaching $57.13. The company’s stock had a trading volume of 1,821,541 shares, compared to its average volume of 1,713,078. The stock has a market capitalization of $18.19 billion, a PE ratio of 119.02, a P/E/G ratio of 3.03 and a beta of 0.76. The company has a debt-to-equity ratio of 1.58, a current ratio of 3.51 and a quick ratio of 3.51. The firm has a fifty day moving average of $56.66 and a 200 day moving average of $56.70. UDR, Inc. has a one year low of $44.68 and a one year high of $61.06.

UDR (NYSE:UDRGet Rating) last announced its earnings results on Tuesday, February 8th. The real estate investment trust reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.17). The business had revenue of $347.02 million during the quarter, compared to the consensus estimate of $338.63 million. UDR had a return on equity of 4.50% and a net margin of 11.62%. UDR’s revenue was up 15.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.49 earnings per share. Research analysts expect that UDR, Inc. will post 2.28 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 2nd. Shareholders of record on Monday, April 11th will be paid a $0.38 dividend. This is a positive change from UDR’s previous quarterly dividend of $0.36. This represents a $1.52 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date of this dividend is Friday, April 8th. UDR’s dividend payout ratio is currently 316.67%.

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. upped their price target on UDR from $61.00 to $63.00 in a research report on Tuesday, January 18th. Wolfe Research raised UDR from a “peer perform” rating to an “outperform” rating in a research report on Tuesday, March 15th. StockNews.com assumed coverage on UDR in a research report on Thursday, March 31st. They set a “hold” rating on the stock. TheStreet raised UDR from a “c” rating to a “b-” rating in a research report on Tuesday, February 8th. Finally, KeyCorp upped their price target on UDR from $61.00 to $63.00 and gave the company an “overweight” rating in a research report on Thursday, January 13th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, UDR currently has a consensus rating of “Buy” and an average target price of $60.04.

UDR 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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