Nisa Investment Advisors LLC grew its holdings in shares of UDR, Inc. (NYSE:UDR – Free Report) by 15.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 265,167 shares of the real estate investment trust’s stock after purchasing an additional 35,479 shares during the period. Nisa Investment Advisors LLC owned about 0.08% of UDR worth $11,511,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in UDR. CWM LLC grew its position in UDR by 10.0% during the third quarter. CWM LLC now owns 3,802 shares of the real estate investment trust’s stock worth $172,000 after buying an additional 347 shares in the last quarter. Empowered Funds LLC increased its position in shares of UDR by 7.1% in the third quarter. Empowered Funds LLC now owns 5,246 shares of the real estate investment trust’s stock worth $238,000 after purchasing an additional 350 shares during the period. Mather Group LLC. raised its stake in UDR by 58.2% in the third quarter. Mather Group LLC. now owns 998 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 367 shares in the last quarter. Truist Financial Corp lifted its position in UDR by 0.6% during the second quarter. Truist Financial Corp now owns 66,673 shares of the real estate investment trust’s stock worth $2,744,000 after purchasing an additional 414 shares during the period. Finally, TCV Trust & Wealth Management Inc. grew its stake in UDR by 8.2% during the third quarter. TCV Trust & Wealth Management Inc. now owns 5,589 shares of the real estate investment trust’s stock worth $253,000 after buying an additional 424 shares in the last quarter. 97.84% of the stock is owned by institutional investors.
UDR Stock Performance
Shares of UDR opened at $40.31 on Friday. The firm has a market capitalization of $13.30 billion, a P/E ratio of 108.94, a P/E/G ratio of 11.25 and a beta of 0.89. UDR, Inc. has a 52 week low of $34.19 and a 52 week high of $47.55. The stock has a 50 day moving average price of $43.51 and a two-hundred day moving average price of $43.40. The company has a debt-to-equity ratio of 1.69, a quick ratio of 5.91 and a current ratio of 5.91.
UDR Dividend Announcement
Analysts Set New Price Targets
Several analysts recently issued reports on UDR shares. Royal Bank of Canada reduced their price target on shares of UDR from $46.00 to $45.00 and set a “sector perform” rating on the stock in a research report on Tuesday, November 5th. Mizuho decreased their price target on UDR from $47.00 to $45.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Barclays initiated coverage on UDR in a research report on Tuesday, December 17th. They set an “overweight” rating and a $50.00 price objective for the company. StockNews.com downgraded UDR from a “hold” rating to a “sell” rating in a research note on Thursday, January 2nd. Finally, Jefferies Financial Group cut shares of UDR from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $50.00 to $45.00 in a research report on Thursday, January 2nd. Two analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $46.35.
Read Our Latest Research Report on UDR
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.
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