Nomura Asset Management Co. Ltd. Increases Stock Position in UDR, Inc. (NYSE:UDR)

Nomura Asset Management Co. Ltd. lifted its position in UDR, Inc. (NYSE:UDR - Free Report) by 4.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 483,824 shares of the real estate investment trust's stock after buying an additional 18,414 shares during the quarter. Nomura Asset Management Co. Ltd. owned approximately 0.15% of UDR worth $21,003,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Exchange Traded Concepts LLC grew its holdings in shares of UDR by 8.8% in the fourth quarter. Exchange Traded Concepts LLC now owns 3,330 shares of the real estate investment trust's stock valued at $145,000 after purchasing an additional 269 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of UDR by 68.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,206 shares of the real estate investment trust's stock valued at $52,000 after purchasing an additional 491 shares during the last quarter. IRON Financial LLC raised its holdings in shares of UDR by 3.0% in the 4th quarter. IRON Financial LLC now owns 17,674 shares of the real estate investment trust's stock valued at $767,000 after purchasing an additional 511 shares in the last quarter. Salem Investment Counselors Inc. lifted its position in shares of UDR by 62.7% during the 4th quarter. Salem Investment Counselors Inc. now owns 1,349 shares of the real estate investment trust's stock worth $59,000 after purchasing an additional 520 shares during the last quarter. Finally, Empowered Funds LLC grew its stake in shares of UDR by 10.4% during the fourth quarter. Empowered Funds LLC now owns 5,792 shares of the real estate investment trust's stock worth $251,000 after purchasing an additional 546 shares in the last quarter. 97.84% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Activity at UDR

In other UDR news, CEO Thomas W. Toomey sold 25,000 shares of the business's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $42.75, for a total transaction of $1,068,750.00. Following the sale, the chief executive officer now directly owns 824,716 shares in the company, valued at approximately $35,256,609. The trade was a 2.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.73% of the stock is currently owned by company insiders.

UDR Price Performance

UDR stock traded down $0.99 during midday trading on Thursday, reaching $44.37. The company's stock had a trading volume of 953,112 shares, compared to its average volume of 2,170,972. The firm has a market capitalization of $14.69 billion, a PE ratio of 177.48, a P/E/G ratio of 8.67 and a beta of 0.88. UDR, Inc. has a fifty-two week low of $35.14 and a fifty-two week high of $47.55. The stock's 50 day simple moving average is $43.32 and its 200 day simple moving average is $43.73. The company has a debt-to-equity ratio of 1.71, a quick ratio of 5.91 and a current ratio of 5.61.

UDR (NYSE:UDR - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.63 EPS for the quarter, beating the consensus estimate of $0.10 by $0.53. UDR had a net margin of 5.36% and a return on equity of 2.65%. On average, equities research analysts forecast that UDR, Inc. will post 2.51 earnings per share for the current year.

UDR Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 10th will be issued a $0.43 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.88%. This is a boost from UDR's previous quarterly dividend of $0.43. UDR's dividend payout ratio is currently 688.00%.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Truist Financial lowered shares of UDR from a "buy" rating to a "hold" rating and increased their price target for the company from $45.00 to $46.00 in a research note on Monday, March 10th. Jefferies Financial Group lowered shares of UDR from a "buy" rating to a "hold" rating and dropped their price objective for the company from $50.00 to $45.00 in a research note on Thursday, January 2nd. StockNews.com raised shares of UDR from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. Royal Bank of Canada raised their price target on UDR from $43.00 to $44.00 and gave the stock a "sector perform" rating in a report on Friday, February 7th. Finally, Zelman & Associates reaffirmed a "neutral" rating on shares of UDR in a research note on Thursday, February 13th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $46.12.

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.