UDR, Inc. (NYSE:UDR) Stock Position Raised by Nordea Investment Management AB

Nordea Investment Management AB lifted its holdings in shares of UDR, Inc. (NYSE:UDR – Get Rating) by 10.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 36,390 shares of the real estate investment trust’s stock after buying an additional 3,446 shares during the period. Nordea Investment Management AB’s holdings in UDR were worth $1,408,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of UDR. Cetera Investment Advisers grew its stake in UDR by 3.5% during the 1st quarter. Cetera Investment Advisers now owns 6,529 shares of the real estate investment trust’s stock worth $375,000 after buying an additional 218 shares during the last quarter. Baird Financial Group Inc. grew its stake in UDR by 3.8% during the 1st quarter. Baird Financial Group Inc. now owns 6,525 shares of the real estate investment trust’s stock worth $374,000 after buying an additional 237 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in UDR by 0.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 33,657 shares of the real estate investment trust’s stock worth $1,402,000 after buying an additional 255 shares during the last quarter. Oregon Public Employees Retirement Fund grew its stake in UDR by 1.1% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 23,609 shares of the real estate investment trust’s stock worth $914,000 after buying an additional 259 shares during the last quarter. Finally, Texas Permanent School Fund grew its position in UDR by 0.6% in the 4th quarter. Texas Permanent School Fund now owns 43,478 shares of the real estate investment trust’s stock worth $1,684,000 after purchasing an additional 262 shares during the last quarter. Institutional investors own 92.09% of the company’s stock.

UDR Price Performance

Shares of UDR opened at $41.38 on Friday. The company has a debt-to-equity ratio of 1.44, a current ratio of 4.91 and a quick ratio of 4.91. The company has a market capitalization of $13.62 billion, a price-to-earnings ratio of 137.93, a P/E/G ratio of 2.13 and a beta of 0.76. The business’s 50-day moving average is $40.52 and its 200-day moving average is $40.62. UDR, Inc. has a fifty-two week low of $37.18 and a fifty-two week high of $50.65.

UDR Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, May 1st. Shareholders of record on Monday, April 10th were paid a dividend of $0.42 per share. The ex-dividend date of this dividend was Thursday, April 6th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.06%. This is a positive change from UDR’s previous quarterly dividend of $0.38. UDR’s dividend payout ratio (DPR) is 560.00%.

Analyst Upgrades and Downgrades

UDR has been the subject of several recent analyst reports. Mizuho upped their target price on shares of UDR from $44.00 to $50.00 and gave the stock a “neutral” rating in a research report on Thursday, February 23rd. Robert W. Baird increased their price objective on shares of UDR from $47.00 to $49.00 and gave the company an “outperform” rating in a report on Thursday, February 9th. Wells Fargo & Company initiated coverage on shares of UDR in a report on Wednesday, March 29th. They issued an “overweight” rating and a $44.50 price objective for the company. StockNews.com initiated coverage on UDR in a research note on Thursday, March 16th. They set a “hold” rating for the company. Finally, Barclays raised their target price on UDR from $44.00 to $50.00 and gave the company an “overweight” rating in a research note on Wednesday, March 1st. Eight research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, UDR has an average rating of “Moderate Buy” and a consensus target price of $47.66.

UDR Profile

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UDR, Inc is a real estate investment trust, which owns, operates, acquires, renovates, develops, redevelops, disposes of, and manages multifamily apartment communities. It engages in the multi-family real estate investment trust business. The firm operates through the Same-Store Communities and Non-Mature Communities/Other segments.