UDR, Inc. (NYSE:UDR) Stake Cut by Nuveen Asset Management LLC

Nuveen Asset Management LLC decreased its stake in shares of UDR, Inc. (NYSE:UDR - Free Report) by 9.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 941,011 shares of the real estate investment trust's stock after selling 95,607 shares during the period. Nuveen Asset Management LLC owned 0.29% of UDR worth $40,849,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of UDR. Focus Partners Wealth acquired a new stake in shares of UDR during the 4th quarter worth $2,364,000. Ensign Peak Advisors Inc increased its stake in UDR by 7.0% during the fourth quarter. Ensign Peak Advisors Inc now owns 106,704 shares of the real estate investment trust's stock worth $4,632,000 after acquiring an additional 6,971 shares during the last quarter. Deutsche Bank AG increased its stake in UDR by 56.6% during the fourth quarter. Deutsche Bank AG now owns 1,451,122 shares of the real estate investment trust's stock worth $62,993,000 after acquiring an additional 524,623 shares during the last quarter. Crestline Management LP purchased a new position in shares of UDR in the 4th quarter worth about $3,582,000. Finally, Captrust Financial Advisors lifted its stake in shares of UDR by 9.3% in the 4th quarter. Captrust Financial Advisors now owns 21,139 shares of the real estate investment trust's stock valued at $918,000 after purchasing an additional 1,794 shares in the last quarter. Institutional investors and hedge funds own 97.84% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on UDR. Zelman & Associates reissued a "neutral" rating on shares of UDR in a research report on Thursday, February 13th. Barclays raised their target price on shares of UDR from $48.00 to $51.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Wall Street Zen raised shares of UDR from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Evercore ISI increased their price target on UDR from $43.00 to $45.00 and gave the company an "in-line" rating in a report on Monday, February 10th. Finally, Royal Bank of Canada raised their price objective on UDR from $43.00 to $44.00 and gave the company a "sector perform" rating in a research report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, UDR has a consensus rating of "Hold" and a consensus price target of $46.44.

UDR Stock Down 1.5%

Shares of NYSE:UDR traded down $0.60 during trading on Monday, hitting $39.50. The company's stock had a trading volume of 2,890,754 shares, compared to its average volume of 2,143,521. The company has a market capitalization of $13.09 billion, a PE ratio of 157.99, a PEG ratio of 8.67 and a beta of 0.84. UDR, Inc. has a fifty-two week low of $36.61 and a fifty-two week high of $47.55. The company has a debt-to-equity ratio of 1.71, a quick ratio of 5.91 and a current ratio of 5.61. The stock's 50-day moving average price is $41.98 and its two-hundred day moving average price is $42.87.

UDR (NYSE:UDR - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.61. The company had revenue of $419.84 million for the quarter, compared to the consensus estimate of $421.23 million. UDR had a return on equity of 2.65% and a net margin of 5.36%. UDR's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.61 EPS. As a group, sell-side analysts expect that UDR, Inc. will post 2.51 EPS for the current year.

UDR Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th were paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 4.35%. This is an increase from UDR's previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Thursday, April 10th. UDR's dividend payout ratio is 491.43%.

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.