Northwestern Mutual Wealth Management Co. Purchases 1,570 Shares of UDR, Inc. (NYSE:UDR)

Northwestern Mutual Wealth Management Co. grew its position in shares of UDR, Inc. (NYSE:UDRGet Rating) by 24.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,014 shares of the real estate investment trust’s stock after buying an additional 1,570 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in UDR were worth $369,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in UDR. Clear Street Markets LLC grew its stake in UDR by 412.3% during the second quarter. Clear Street Markets LLC now owns 625 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 503 shares during the last quarter. Prospera Financial Services Inc bought a new stake in shares of UDR during the first quarter valued at approximately $66,000. Meeder Asset Management Inc. bought a new stake in shares of UDR during the first quarter valued at approximately $78,000. Allworth Financial LP grew its stake in shares of UDR by 16.5% during the first quarter. Allworth Financial LP now owns 1,695 shares of the real estate investment trust’s stock valued at $97,000 after purchasing an additional 240 shares during the last quarter. Finally, CWM LLC grew its stake in shares of UDR by 47.0% during the first quarter. CWM LLC now owns 1,854 shares of the real estate investment trust’s stock valued at $106,000 after purchasing an additional 593 shares during the last quarter. 95.28% of the stock is owned by institutional investors.

UDR Price Performance

Shares of UDR stock opened at $37.79 on Tuesday. UDR, Inc. has a twelve month low of $37.22 and a twelve month high of $61.06. The company has a quick ratio of 3.72, a current ratio of 3.72 and a debt-to-equity ratio of 1.44. The company has a 50-day simple moving average of $41.68 and a two-hundred day simple moving average of $45.44. The stock has a market capitalization of $12.30 billion, a price-to-earnings ratio of 77.12, a price-to-earnings-growth ratio of 2.47 and a beta of 0.72.

UDR Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 31st. Shareholders of record on Tuesday, October 11th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 4.02%. The ex-dividend date was Friday, October 7th. UDR’s dividend payout ratio (DPR) is 310.20%.

Analyst Ratings Changes

UDR has been the topic of several research analyst reports. BMO Capital Markets cut shares of UDR from an “outperform” rating to a “market perform” rating and set a $54.00 price target on the stock. in a research note on Friday, August 19th. Evercore ISI decreased their price target on shares of UDR to $45.00 in a research note on Thursday, October 13th. Royal Bank of Canada decreased their price target on shares of UDR from $46.00 to $43.00 and set a “sector perform” rating on the stock in a research note on Friday, October 28th. Mizuho lowered shares of UDR from a “buy” rating to a “neutral” rating and cut their price objective for the company from $48.00 to $46.00 in a report on Monday, September 19th. They noted that the move was a valuation call. Finally, The Goldman Sachs Group cut their price objective on shares of UDR from $57.00 to $46.00 and set a “buy” rating on the stock in a report on Tuesday, October 18th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $52.56.

UDR Profile

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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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Institutional Ownership by Quarter for UDR (NYSE:UDR)

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