Nisa Investment Advisors LLC Boosts Stake in UDR, Inc. (NYSE:UDR)

Nisa Investment Advisors LLC lifted its holdings in UDR, Inc. (NYSE:UDR) by 15.4% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 265,167 shares of the real estate investment trust’s stock after buying an additional 35,479 shares during the period. Nisa Investment Advisors LLC’s holdings in UDR were worth $11,511,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of UDR. FMR LLC boosted its position in UDR by 14.8% in the third quarter. FMR LLC now owns 11,401,026 shares of the real estate investment trust’s stock worth $516,923,000 after purchasing an additional 1,471,855 shares during the last quarter. JPMorgan Chase & Co. grew its position in UDR by 5.0% during the third quarter. JPMorgan Chase & Co. now owns 7,774,541 shares of the real estate investment trust’s stock valued at $352,498,000 after buying an additional 368,087 shares during the period. Daiwa Securities Group Inc. increased its holdings in UDR by 2.3% during the third quarter. Daiwa Securities Group Inc. now owns 7,109,980 shares of the real estate investment trust’s stock worth $322,366,000 after buying an additional 159,625 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in UDR by 2.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,272,032 shares of the real estate investment trust’s stock worth $193,694,000 after acquiring an additional 117,213 shares during the period. Finally, Millennium Management LLC boosted its stake in UDR by 115.3% in the second quarter. Millennium Management LLC now owns 3,499,150 shares of the real estate investment trust’s stock valued at $143,990,000 after acquiring an additional 1,874,096 shares during the last quarter. 97.84% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on UDR shares. Jefferies Financial Group lowered shares of UDR from a “buy” rating to a “hold” rating and decreased their price target for the stock from $50.00 to $45.00 in a research note on Thursday, January 2nd. Mizuho decreased their target price on UDR from $47.00 to $45.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Barclays started coverage on UDR in a research note on Tuesday, December 17th. They set an “overweight” rating and a $50.00 price target for the company. StockNews.com cut UDR from a “hold” rating to a “sell” rating in a research note on Thursday, January 2nd. Finally, Royal Bank of Canada cut their target price on shares of UDR from $46.00 to $45.00 and set a “sector perform” rating for the company in a research report on Tuesday, November 5th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, UDR presently has an average rating of “Hold” and an average target price of $46.35.

UDR Stock Down 0.5 %

Shares of NYSE UDR opened at $40.31 on Friday. The business has a 50-day moving average of $43.51 and a 200-day moving average of $43.40. The firm has a market capitalization of $13.30 billion, a price-to-earnings ratio of 108.94, a PEG ratio of 11.25 and a beta of 0.89. The company has a current ratio of 5.91, a quick ratio of 5.91 and a debt-to-equity ratio of 1.69. UDR, Inc. has a 12 month low of $34.19 and a 12 month high of $47.55.

UDR Dividend Announcement

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 issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.22%. The ex-dividend date of this dividend is Friday, January 10th. UDR’s payout ratio is 459.46%.

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.