Nomura Asset Management Co. Ltd. Has $21.10 Million Stock Holdings in UDR, Inc. (NYSE:UDR)

Nomura Asset Management Co. Ltd. raised its stake in UDR, Inc. (NYSE:UDR) by 0.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 465,410 shares of the real estate investment trust’s stock after buying an additional 465 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in UDR were worth $21,102,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Czech National Bank grew its position in UDR by 8.4% during the 2nd quarter. Czech National Bank now owns 57,732 shares of the real estate investment trust’s stock worth $2,376,000 after acquiring an additional 4,487 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in UDR by 25.9% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 7,847 shares of the real estate investment trust’s stock worth $323,000 after buying an additional 1,612 shares during the period. V Square Quantitative Management LLC boosted its position in UDR by 12.4% during the 2nd quarter. V Square Quantitative Management LLC now owns 5,658 shares of the real estate investment trust’s stock worth $233,000 after buying an additional 626 shares during the period. Envestnet Portfolio Solutions Inc. increased its position in UDR by 17.1% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 7,204 shares of the real estate investment trust’s stock valued at $296,000 after acquiring an additional 1,050 shares during the period. Finally, Blue Trust Inc. increased its position in UDR by 1,018.3% in the 2nd quarter. Blue Trust Inc. now owns 1,040 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 947 shares during the period. Institutional investors and hedge funds own 97.84% of the company’s stock.

UDR Price Performance

Shares of UDR opened at $44.52 on Wednesday. The firm’s 50-day simple moving average is $44.39 and its two-hundred day simple moving average is $42.82. UDR, Inc. has a fifty-two week low of $34.19 and a fifty-two week high of $47.55. The stock has a market cap of $14.69 billion, a PE ratio of 120.32, a price-to-earnings-growth ratio of 12.44 and a beta of 0.87. 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

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 10th were given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date of this dividend was Thursday, October 10th. UDR’s dividend payout ratio (DPR) is presently 459.46%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on UDR. Scotiabank reduced their price objective on shares of UDR from $49.00 to $48.00 and set a “sector perform” rating for the company in a research report on Thursday, November 14th. Piper Sandler upped their target price on UDR from $40.00 to $46.00 and gave the company a “neutral” rating in a report on Monday, August 26th. UBS Group increased their price target on UDR from $48.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, September 12th. Wells Fargo & Company raised their price objective on shares of UDR from $41.00 to $48.00 and gave the stock an “overweight” rating in a report on Monday, August 26th. Finally, StockNews.com downgraded UDR from a “hold” rating to a “sell” rating in a research report on Tuesday, November 19th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, UDR presently has an average rating of “Hold” and an average price target of $45.18.

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.