Manning & Napier Group LLC Has $3.43 Million Stake in UDR, Inc. (NYSE:UDR)

Manning & Napier Group LLC lowered its position in UDR, Inc. (NYSE:UDR - Free Report) by 59.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 89,602 shares of the real estate investment trust's stock after selling 129,776 shares during the quarter. Manning & Napier Group LLC's holdings in UDR were worth $3,431,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Raymond James & Associates lifted its stake in UDR by 13.6% in the fourth quarter. Raymond James & Associates now owns 82,281 shares of the real estate investment trust's stock worth $3,151,000 after purchasing an additional 9,842 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of UDR by 41.1% during the 4th quarter. SG Americas Securities LLC now owns 70,685 shares of the real estate investment trust's stock worth $2,707,000 after acquiring an additional 20,592 shares during the last quarter. IFM Investors Pty Ltd increased its stake in UDR by 1.3% in the fourth quarter. IFM Investors Pty Ltd now owns 66,266 shares of the real estate investment trust's stock worth $2,537,000 after purchasing an additional 847 shares during the period. Aurora Investment Managers LLC. lifted its position in shares of UDR by 5.7% during the fourth quarter. Aurora Investment Managers LLC. now owns 59,412 shares of the real estate investment trust's stock worth $2,275,000 after purchasing an additional 3,230 shares during the last quarter. Finally, Pensionfund DSM Netherlands lifted its holdings in UDR by 11.0% during the 4th quarter. Pensionfund DSM Netherlands now owns 65,605 shares of the real estate investment trust's stock valued at $2,512,000 after buying an additional 6,500 shares in the last quarter. 97.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on UDR shares. Wells Fargo & Company raised shares of UDR from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $34.00 to $39.00 in a research note on Monday, March 4th. Piper Sandler reiterated an "underweight" rating and set a $34.00 target price on shares of UDR in a report on Tuesday, March 26th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of UDR in a report on Tuesday, January 30th. They issued a "hold" rating and a $40.00 price target for the company. KeyCorp cut their price objective on shares of UDR from $48.00 to $45.00 and set an "overweight" rating on the stock in a report on Wednesday, December 13th. Finally, The Goldman Sachs Group began coverage on UDR in a report on Thursday, February 22nd. They set a "neutral" rating and a $39.00 target price for the company. One analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $41.76.

UDR Stock Up 1.1 %

NYSE:UDR traded up $0.40 during midday trading on Friday, reaching $37.41. The company had a trading volume of 3,007,630 shares, compared to its average volume of 2,670,758. The stock's fifty day simple moving average is $36.46 and its 200-day simple moving average is $35.92. The company has a current ratio of 5.15, a quick ratio of 5.15 and a debt-to-equity ratio of 1.47. UDR, Inc. has a 12-month low of $30.95 and a 12-month high of $44.02. The firm has a market capitalization of $12.32 billion, a price-to-earnings ratio of 27.92, a PEG ratio of 2.99 and a beta of 0.80.

UDR Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Wednesday, April 10th will be issued a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 4.54%. The ex-dividend date of this dividend is Tuesday, April 9th. This is a boost from UDR's previous quarterly dividend of $0.42. UDR's payout ratio is 125.37%.

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.