Nisa Investment Advisors LLC Cuts Holdings in UDR, Inc. (NYSE:UDR)

Nisa Investment Advisors LLC cut its holdings in shares of UDR, Inc. (NYSE:UDR - Free Report) by 19.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 158,202 shares of the real estate investment trust's stock after selling 37,255 shares during the quarter. Nisa Investment Advisors LLC's holdings in UDR were worth $6,058,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Cetera Investment Advisers grew its position in UDR by 3.5% during the first 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 in the last quarter. Bessemer Group Inc. grew its holdings in shares of UDR by 10.6% during the 4th quarter. Bessemer Group Inc. now owns 2,444 shares of the real estate investment trust's stock worth $95,000 after purchasing an additional 234 shares in the last quarter. Baird Financial Group Inc. grew its holdings in shares of 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 purchasing an additional 237 shares in the last quarter. Snowden Capital Advisors LLC increased its position in shares of UDR by 5.2% in the first quarter. Snowden Capital Advisors LLC now owns 5,455 shares of the real estate investment trust's stock worth $224,000 after purchasing an additional 271 shares during the period. Finally, Neuberger Berman Group LLC raised its stake in UDR by 3.6% in the first quarter. Neuberger Berman Group LLC now owns 8,374 shares of the real estate investment trust's stock valued at $480,000 after purchasing an additional 291 shares in the last quarter. 97.84% of the stock is owned by institutional investors.

UDR Trading Down 0.1 %

UDR traded down $0.05 during midday trading on Thursday, hitting $37.18. 4,043,479 shares of the company were exchanged, compared to its average volume of 2,993,851. The firm's 50 day moving average price is $36.48 and its 200-day moving average price is $35.88. UDR, Inc. has a 1-year low of $30.95 and a 1-year high of $44.02. The firm has a market capitalization of $12.24 billion, a P/E ratio of 27.74, a P/E/G ratio of 3.01 and a beta of 0.80. The company has a quick ratio of 5.15, a current ratio of 5.15 and a debt-to-equity ratio of 1.47.

UDR Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Wednesday, April 10th will be issued a $0.425 dividend. The ex-dividend date is Tuesday, April 9th. This is a boost from UDR's previous quarterly dividend of $0.42. This represents a $1.70 annualized dividend and a yield of 4.57%. UDR's dividend payout ratio is presently 125.37%.

Analyst Upgrades and Downgrades

UDR has been the topic of several recent analyst reports. The Goldman Sachs Group assumed coverage on shares of UDR in a report on Thursday, February 22nd. They issued a "neutral" rating and a $39.00 target price on the stock. Truist Financial cut their target price on UDR from $45.00 to $42.00 and set a "buy" rating for the company in a research note on Tuesday. Deutsche Bank Aktiengesellschaft started coverage on UDR in a report on Tuesday, January 30th. They set a "hold" rating and a $40.00 price target for the company. Wells Fargo & Company raised UDR from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $34.00 to $39.00 in a research note on Monday, March 4th. Finally, Barclays downgraded UDR from an "overweight" rating to an "equal weight" rating and lowered their target price for the stock from $46.00 to $37.00 in a research note on Tuesday, February 20th. Eleven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, UDR has an average rating of "Hold" and an average price target of $41.71.

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.