Nomura Asset Management Co. Ltd. Acquires 18,414 Shares of UDR, Inc. (NYSE:UDR)

Nomura Asset Management Co. Ltd. raised its holdings in shares of UDR, Inc. (NYSE:UDR) by 4.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 483,824 shares of the real estate investment trust’s stock after acquiring an additional 18,414 shares during the quarter. Nomura Asset Management Co. Ltd. owned approximately 0.15% of UDR worth $21,003,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. New Age Alpha Advisors LLC bought a new stake in UDR during the fourth quarter valued at about $3,850,000. Norges Bank purchased a new position in shares of UDR during the 4th quarter valued at about $1,273,442,000. NEOS Investment Management LLC grew its stake in shares of UDR by 29.9% during the 4th quarter. NEOS Investment Management LLC now owns 16,180 shares of the real estate investment trust’s stock valued at $702,000 after acquiring an additional 3,729 shares during the period. UniSuper Management Pty Ltd increased its holdings in UDR by 6.8% in the 4th quarter. UniSuper Management Pty Ltd now owns 139,587 shares of the real estate investment trust’s stock worth $6,059,000 after acquiring an additional 8,858 shares in the last quarter. Finally, Elo Mutual Pension Insurance Co increased its holdings in UDR by 14.0% in the 4th quarter. Elo Mutual Pension Insurance Co now owns 31,677 shares of the real estate investment trust’s stock worth $1,375,000 after acquiring an additional 3,889 shares in the last quarter. Institutional investors own 97.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on UDR. Barclays dropped their price target on shares of UDR from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Scotiabank increased their price target on UDR from $48.00 to $49.00 and gave the stock a “sector perform” rating in a research note on Friday, February 14th. Jefferies Financial Group downgraded UDR from a “buy” rating to a “hold” rating and lowered their price objective for the company from $50.00 to $45.00 in a research report on Thursday, January 2nd. Truist Financial lowered UDR from a “buy” rating to a “hold” rating and upped their price objective for the stock from $45.00 to $46.00 in a research note on Monday, March 10th. Finally, StockNews.com raised UDR from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $46.12.

Insiders Place Their Bets

In other news, CEO Thomas W. Toomey sold 25,000 shares of UDR stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $42.75, for a total transaction of $1,068,750.00. Following the completion of the sale, the chief executive officer now owns 824,716 shares of the company’s stock, 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 legal filing with the SEC, which is accessible through this link. Insiders own 3.73% of the company’s stock.

UDR Stock Performance

UDR stock opened at $44.56 on Friday. The company has a quick ratio of 5.91, a current ratio of 5.61 and a debt-to-equity ratio of 1.71. UDR, Inc. has a twelve month low of $35.14 and a twelve month high of $47.55. The company’s 50-day moving average price is $43.06 and its 200-day moving average price is $43.76. The company has a market cap of $14.75 billion, a PE ratio of 178.22, a price-to-earnings-growth ratio of 8.67 and a beta of 0.88.

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

UDR Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 3.86%. This is an increase from UDR’s previous quarterly dividend of $0.43. The ex-dividend date is Thursday, April 10th. UDR’s dividend payout ratio is presently 688.00%.

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.