Nomura Holdings Inc. Acquires New Position in UDR, Inc. (NYSE:UDR)

Nomura Holdings Inc. bought a new position in UDR, Inc. (NYSE:UDR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 44,748 shares of the real estate investment trust's stock, valued at approximately $1,943,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Townsquare Capital LLC lifted its position in UDR by 4.8% in the fourth quarter. Townsquare Capital LLC now owns 5,173 shares of the real estate investment trust's stock valued at $225,000 after purchasing an additional 237 shares during the period. Exchange Traded Concepts LLC raised its stake in shares of UDR by 8.8% during the 4th quarter. Exchange Traded Concepts LLC now owns 3,330 shares of the real estate investment trust's stock worth $145,000 after buying an additional 269 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of UDR by 68.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,206 shares of the real estate investment trust's stock valued at $52,000 after buying an additional 491 shares during the period. IRON Financial LLC boosted its stake in shares of UDR by 3.0% in the fourth quarter. IRON Financial LLC now owns 17,674 shares of the real estate investment trust's stock valued at $767,000 after buying an additional 511 shares in the last quarter. Finally, Empowered Funds LLC grew its holdings in UDR by 10.4% during the fourth quarter. Empowered Funds LLC now owns 5,792 shares of the real estate investment trust's stock worth $251,000 after acquiring an additional 546 shares during the period. Hedge funds and other institutional investors own 97.84% of the company's stock.

UDR Trading Down 0.8%

UDR stock traded down $0.33 during trading on Thursday, reaching $40.32. 194,729 shares of the stock traded hands, compared to its average volume of 2,128,931. The firm has a market capitalization of $13.36 billion, a PE ratio of 161.14, a P/E/G ratio of 8.67 and a beta of 0.84. The company has a debt-to-equity ratio of 1.71, a current ratio of 5.61 and a quick ratio of 5.91. The business's 50 day moving average price is $42.13 and its 200-day moving average price is $42.92. UDR, Inc. has a 52-week low of $36.61 and a 52-week high of $47.55.

UDR (NYSE:UDR - Get Free Report) last issued its 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. The business had revenue of $419.84 million during the quarter, compared to analysts' expectations of $421.23 million. UDR had a return on equity of 2.65% and a net margin of 5.36%. The company's revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.61 EPS. As a group, sell-side analysts forecast that UDR, Inc. will post 2.51 earnings per share for the current year.

UDR Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th were given a $0.43 dividend. The ex-dividend date was Thursday, April 10th. This represents a $1.72 annualized dividend and a dividend yield of 4.27%. This is a positive change from UDR's previous quarterly dividend of $0.43. UDR's dividend payout ratio is presently 491.43%.

Analyst Upgrades and Downgrades

UDR has been the subject of a number of research analyst reports. Barclays increased their price target on shares of UDR from $48.00 to $51.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Evercore ISI increased their target price on shares of UDR from $43.00 to $45.00 and gave the company an "in-line" rating in a report on Monday, February 10th. Zelman & Associates reiterated a "neutral" rating on shares of UDR in a research report on Thursday, February 13th. Truist Financial cut UDR from a "buy" rating to a "hold" rating and upped their price target for the stock from $45.00 to $46.00 in a report on Monday, March 10th. Finally, Scotiabank raised their price objective on UDR from $48.00 to $49.00 and gave the company a "sector perform" rating in a research note on Friday, February 14th. One analyst has rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $46.69.

UDR Company 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.