Nisa Investment Advisors LLC Raises Position in UDR, Inc. (NYSE:UDR)

Nisa Investment Advisors LLC increased its stake in UDR, Inc. (NYSE:UDR - Free Report) by 15.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 265,167 shares of the real estate investment trust's stock after acquiring an additional 35,479 shares during the quarter. Nisa Investment Advisors LLC owned about 0.08% of UDR worth $11,511,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in UDR. Activest Wealth Management bought a new stake in shares of UDR during the 3rd quarter valued at about $27,000. Brooklyn Investment Group acquired a new position in UDR in the third quarter valued at approximately $33,000. Continuum Advisory LLC boosted its holdings in shares of UDR by 5,335.3% during the 3rd quarter. Continuum Advisory LLC now owns 924 shares of the real estate investment trust's stock worth $41,000 after buying an additional 907 shares in the last quarter. Mather Group LLC. grew its position in shares of UDR by 58.2% during the 3rd quarter. Mather Group LLC. now owns 998 shares of the real estate investment trust's stock worth $45,000 after buying an additional 367 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of UDR in the 2nd quarter valued at $54,000. 97.84% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on UDR shares. Mizuho cut their target price on shares of UDR from $47.00 to $45.00 and set a "neutral" rating on the stock in a research note on Monday, January 6th. Scotiabank decreased their price objective on UDR from $49.00 to $48.00 and set a "sector perform" rating for the company in a report on Thursday, November 14th. Jefferies Financial Group lowered UDR from a "buy" rating to a "hold" rating and dropped their target price for the company from $50.00 to $45.00 in a report on Thursday, January 2nd. Royal Bank of Canada decreased their price target on UDR from $46.00 to $45.00 and set a "sector perform" rating for the company in a report on Tuesday, November 5th. Finally, Wells Fargo & Company dropped their price objective on UDR from $48.00 to $45.00 and set an "overweight" rating on the stock in a research note on Friday. Two analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $46.06.

UDR Stock Performance

Shares of UDR stock traded up $0.31 during trading hours on Friday, reaching $40.63. The company had a trading volume of 1,714,296 shares, compared to its average volume of 2,018,053. The company has a debt-to-equity ratio of 1.69, a current ratio of 5.91 and a quick ratio of 5.91. UDR, Inc. has a one year low of $34.19 and a one year high of $47.55. The firm has a market cap of $13.41 billion, a PE ratio of 109.81, a price-to-earnings-growth ratio of 11.03 and a beta of 0.89. The business has a fifty day simple moving average of $43.42 and a 200 day simple moving average of $43.38.

UDR Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, January 9th will be given a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 4.18%. The ex-dividend date of this dividend is 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.