State of Alaska Department of Revenue Has $8.36 Million Stock Holdings in UDR, Inc. (NYSE:UDR)

State of Alaska Department of Revenue increased its position in 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 firm owned 192,604 shares of the real estate investment trust’s stock after purchasing an additional 916 shares during the quarter. State of Alaska Department of Revenue’s holdings in UDR were worth $8,360,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of UDR by 862.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,086,964 shares of the real estate investment trust’s stock valued at $139,963,000 after purchasing an additional 2,766,172 shares during the last quarter. Mizuho Securities USA LLC lifted its stake in shares of UDR by 8,460.5% in the 3rd quarter. Mizuho Securities USA LLC now owns 2,000,000 shares of the real estate investment trust’s stock valued at $90,680,000 after purchasing an additional 1,976,637 shares during the period. FMR LLC boosted its holdings in UDR by 14.8% during the third quarter. FMR LLC now owns 11,401,026 shares of the real estate investment trust’s stock worth $516,923,000 after buying an additional 1,471,855 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in UDR by 5.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,774,541 shares of the real estate investment trust’s stock worth $352,498,000 after acquiring an additional 368,087 shares during the last quarter. Finally, Los Angeles Capital Management LLC boosted its position in shares of UDR by 1,665.3% during 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 in the last quarter. 97.84% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

UDR has been the subject of several recent analyst reports. Jefferies Financial Group downgraded UDR from a “buy” rating to a “hold” rating and lowered their price target for the stock from $50.00 to $45.00 in a report on Thursday, January 2nd. Barclays cut their price objective on shares of UDR from $50.00 to $48.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Scotiabank lowered their price target on shares of UDR from $49.00 to $48.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 14th. Wells Fargo & Company reduced their price objective on shares of UDR from $48.00 to $45.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Finally, StockNews.com raised UDR from a “sell” rating to a “hold” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, UDR presently has a consensus rating of “Hold” and a consensus target price of $46.06.

UDR Stock Up 1.8 %

UDR opened at $42.99 on Friday. The stock’s fifty day simple moving average is $42.78 and its 200 day simple moving average is $43.43. UDR, Inc. has a 1-year low of $34.19 and a 1-year high of $47.55. The stock has a market cap of $14.18 billion, a PE ratio of 116.18, a price-to-earnings-growth ratio of 11.38 and a beta of 0.88. The company has a current ratio of 5.91, a quick ratio of 5.91 and a debt-to-equity ratio of 1.69.

UDR (NYSE:UDR) last posted its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.53. UDR had a net margin of 7.68% and a return on equity of 3.57%. As a group, research analysts expect that UDR, Inc. will post 2.48 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. Stockholders of record on Thursday, January 9th were issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date was Friday, January 10th. UDR’s dividend payout ratio is presently 459.47%.

UDR Profile

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.