Teachers Retirement System of The State of Kentucky Has $1.02 Million Stake in UDR, Inc. (NYSE:UDR)

Teachers Retirement System of The State of Kentucky lowered its stake in UDR, Inc. (NYSE:UDR) by 6.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,402 shares of the real estate investment trust’s stock after selling 1,603 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in UDR were worth $1,015,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. International Assets Investment Management LLC lifted its holdings in UDR by 4,436.2% in the 3rd quarter. International Assets Investment Management LLC now owns 44,228 shares of the real estate investment trust’s stock worth $2,005,000 after purchasing an additional 43,253 shares during the last quarter. Los Angeles Capital Management LLC boosted its holdings in shares of UDR by 1,665.3% during the 3rd quarter. Los Angeles Capital Management LLC now owns 369,448 shares of the real estate investment trust’s stock worth $16,751,000 after buying an additional 348,520 shares during the period. MQS Management LLC acquired a new position in UDR in the 3rd quarter valued at $712,000. Millennium Management LLC raised its holdings in UDR by 115.3% in the 2nd quarter. Millennium Management LLC now owns 3,499,150 shares of the real estate investment trust’s stock worth $143,990,000 after acquiring an additional 1,874,096 shares during the period. Finally, BSN CAPITAL PARTNERS Ltd acquired a new position in UDR during the 3rd quarter worth $10,987,000. Institutional investors own 97.84% of the company’s stock.

Analysts Set New Price Targets

UDR has been the topic of several research analyst reports. StockNews.com raised UDR from a “sell” rating to a “hold” rating in a research report on Thursday, December 12th. Barclays began coverage on UDR in a report on Tuesday. They set an “overweight” rating and a $50.00 price target for the company. JPMorgan Chase & Co. raised their price objective on shares of UDR from $43.00 to $50.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. Truist Financial upped their target price on shares of UDR from $44.00 to $47.00 and gave the company a “buy” rating in a research note on Monday, August 26th. Finally, The Goldman Sachs Group started coverage on shares of UDR in a research report on Wednesday, September 4th. They issued a “sell” rating and a $42.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $46.00.

UDR Stock Performance

Shares of NYSE:UDR opened at $42.95 on Thursday. The company has a debt-to-equity ratio of 1.69, a current ratio of 5.91 and a quick ratio of 5.91. The business’s fifty day moving average price is $44.36 and its two-hundred day moving average price is $43.08. UDR, Inc. has a fifty-two week low of $34.19 and a fifty-two week high of $47.55. The stock has a market capitalization of $14.17 billion, a price-to-earnings ratio of 116.08, a price-to-earnings-growth ratio of 12.34 and a beta of 0.87.

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.