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

Nomura Asset Management Co. Ltd. lifted its holdings in UDR, Inc. (NYSE:UDR) by 4.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 483,824 shares of the real estate investment trust’s stock after purchasing an additional 18,414 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in UDR were worth $21,003,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Brooklyn Investment Group purchased a new stake in UDR during the third quarter worth $33,000. Continuum Advisory LLC raised its position in shares of UDR by 5,335.3% in the 3rd quarter. Continuum Advisory LLC now owns 924 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 907 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of UDR by 68.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,206 shares of the real estate investment trust’s stock worth $52,000 after purchasing an additional 491 shares during the last quarter. Salem Investment Counselors Inc. lifted its stake 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, Catalyst Capital Advisors LLC bought a new stake in UDR during the fourth quarter valued at about $63,000. 97.84% of the stock is currently owned by institutional investors.

UDR Price Performance

Shares of NYSE UDR opened at $44.56 on Friday. UDR, Inc. has a 52 week low of $35.14 and a 52 week high of $47.55. The business’s 50 day moving average price is $43.06 and its 200 day moving average price is $43.76. The company has a quick ratio of 5.91, a current ratio of 5.61 and a debt-to-equity ratio of 1.71. The firm has a market cap of $14.75 billion, a P/E ratio of 178.22, a P/E/G ratio of 8.67 and a beta of 0.88.

UDR (NYSE:UDR) last released 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, sell-side analysts expect that UDR, Inc. will post 2.51 earnings per share for the current year.

UDR Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th will be paid a dividend of $0.43 per share. The ex-dividend date is Thursday, April 10th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.86%. This is a positive change from UDR’s previous quarterly dividend of $0.43. UDR’s dividend payout ratio (DPR) is presently 688.00%.

Insider Activity

In related news, CEO Thomas W. Toomey sold 25,000 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $35,256,609. This trade represents a 2.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.73% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on UDR shares. Scotiabank increased their price target on shares of UDR from $48.00 to $49.00 and gave the company a “sector perform” rating in a research report on Friday, February 14th. Truist Financial cut shares of UDR from a “buy” rating to a “hold” rating and increased their target price for the company from $45.00 to $46.00 in a research report on Monday, March 10th. Royal Bank of Canada lifted their price target on shares of UDR from $43.00 to $44.00 and gave the stock a “sector perform” rating in a report on Friday, February 7th. Barclays decreased their price objective on UDR from $50.00 to $48.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Finally, Wells Fargo & Company dropped their target price on UDR from $48.00 to $45.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $46.12.

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.