44,748 Shares in UDR, Inc. (NYSE:UDR) Bought by Nomura Holdings Inc.

Nomura Holdings Inc. purchased a new position in UDR, Inc. (NYSE:UDR) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 44,748 shares of the real estate investment trust’s stock, valued at approximately $1,943,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of UDR by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 50,809,731 shares of the real estate investment trust’s stock valued at $2,205,650,000 after acquiring an additional 180,551 shares in the last quarter. Norges Bank acquired a new position in UDR in the fourth quarter valued at about $1,273,442,000. Capital Research Global Investors raised its stake in shares of UDR by 64.1% in the fourth quarter. Capital Research Global Investors now owns 13,060,120 shares of the real estate investment trust’s stock worth $566,940,000 after acquiring an additional 5,101,668 shares during the last quarter. FMR LLC raised its stake in shares of UDR by 10.5% in the fourth quarter. FMR LLC now owns 12,592,458 shares of the real estate investment trust’s stock worth $546,639,000 after acquiring an additional 1,191,432 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of UDR by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 7,924,151 shares of the real estate investment trust’s stock worth $343,129,000 after acquiring an additional 220,293 shares during the last quarter. 97.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

UDR has been the subject of a number of recent research reports. Truist Financial downgraded shares of UDR from a “buy” rating to a “hold” rating and boosted their price target for the stock from $45.00 to $46.00 in a research note on Monday, March 10th. Evercore ISI increased their target price on shares of UDR from $43.00 to $45.00 and gave the stock an “in-line” rating in a report on Monday, February 10th. Wells Fargo & Company dropped their price target on shares of UDR from $48.00 to $45.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Scotiabank raised their price target on shares of UDR from $48.00 to $49.00 and gave the stock a “sector perform” rating in a research report on Friday, February 14th. Finally, Zelman & Associates reaffirmed a “neutral” rating on shares of UDR in a research report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $46.69.

Insider Buying and Selling

In related news, CEO Thomas W. Toomey sold 25,000 shares of the stock in a transaction 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 transaction, the chief executive officer now directly owns 824,716 shares of the company’s stock, valued at $35,256,609. This represents a 2.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.39% of the stock is owned by insiders.

UDR Stock Up 1.3%

NYSE:UDR opened at $42.43 on Friday. The firm’s 50 day simple moving average is $42.21 and its 200 day simple moving average is $42.93. The company has a debt-to-equity ratio of 1.71, a current ratio of 5.61 and a quick ratio of 5.91. UDR, Inc. has a one year low of $36.61 and a one year high of $47.55. The company has a market cap of $14.06 billion, a PE ratio of 169.72, a P/E/G ratio of 8.67 and a beta of 0.84.

UDR (NYSE:UDR) last issued its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.61. UDR had a net margin of 5.36% and a return on equity of 2.65%. The firm had revenue of $419.84 million for the quarter, compared to the consensus estimate of $421.23 million. During the same quarter in the previous year, the company earned $0.61 EPS. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. On average, research analysts anticipate that UDR, Inc. will post 2.51 earnings per share for the current year.

UDR Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th were paid a $0.43 dividend. This is a positive change from UDR’s previous quarterly dividend of $0.43. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.05%. The ex-dividend date was Thursday, April 10th. UDR’s dividend payout ratio is currently 491.43%.

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.