Nomura Holdings Inc. Makes New $2.06 Million Investment in UDR, Inc. (NYSE:UDR)

Nomura Holdings Inc. bought a new stake in UDR, Inc. (NYSE:UDR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 53,726 shares of the real estate investment trust’s stock, valued at approximately $2,057,000.

Several other large investors also recently added to or reduced their stakes in UDR. Rafferty Asset Management LLC boosted its stake in shares of UDR by 2.8% during the 3rd quarter. Rafferty Asset Management LLC now owns 33,863 shares of the real estate investment trust’s stock worth $1,208,000 after acquiring an additional 930 shares in the last quarter. Korea Investment CORP boosted its position in UDR by 2.3% during the third quarter. Korea Investment CORP now owns 105,070 shares of the real estate investment trust’s stock worth $3,748,000 after purchasing an additional 2,399 shares during the period. Envestnet Asset Management Inc. grew its holdings in UDR by 12.6% during the third quarter. Envestnet Asset Management Inc. now owns 132,409 shares of the real estate investment trust’s stock valued at $4,723,000 after purchasing an additional 14,785 shares during the last quarter. FMR LLC raised its position in shares of UDR by 3.4% in the third quarter. FMR LLC now owns 12,081,005 shares of the real estate investment trust’s stock valued at $430,929,000 after purchasing an additional 394,581 shares during the period. Finally, V Square Quantitative Management LLC acquired a new stake in shares of UDR in the third quarter worth $179,000. 97.84% of the stock is owned by institutional investors.

UDR Trading Up 0.7 %

Shares of UDR opened at $40.63 on Wednesday. The company has a current ratio of 6.61, a quick ratio of 6.61 and a debt-to-equity ratio of 1.49. The stock has a market cap of $13.38 billion, a PE ratio of 29.44, a PEG ratio of 8.92 and a beta of 0.81. UDR, Inc. has a 1 year low of $30.95 and a 1 year high of $44.02. The stock has a 50 day simple moving average of $38.47 and a 200-day simple moving average of $37.41.

UDR Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 10th will be paid a dividend of $0.425 per share. The ex-dividend date of this dividend is Wednesday, July 10th. This represents a $1.70 annualized dividend and a yield of 4.18%. UDR’s dividend payout ratio is currently 123.19%.

Insider Buying and Selling at UDR

In other news, CEO Thomas W. Toomey sold 90,000 shares of the company’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $39.52, for a total value of $3,556,800.00. Following the sale, the chief executive officer now owns 849,716 shares of the company’s stock, valued at approximately $33,580,776.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CEO Thomas W. Toomey sold 90,000 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $39.52, for a total value of $3,556,800.00. Following the transaction, the chief executive officer now directly owns 849,716 shares of the company’s stock, valued at approximately $33,580,776.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Michael D. Lacy sold 4,500 shares of the stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $38.17, for a total value of $171,765.00. Following the sale, the senior vice president now owns 8,566 shares in the company, valued at $326,964.22. The disclosure for this sale can be found here. Company insiders own 3.73% of the company’s stock.

Wall Street Analysts Forecast Growth

UDR has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised their target price on shares of UDR from $42.00 to $43.00 and gave the company an “overweight” rating in a research note on Monday. Wells Fargo & Company raised their price target on UDR from $39.00 to $41.00 and gave the company an “overweight” rating in a research report on Friday, May 31st. Barclays cut UDR from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $46.00 to $37.00 in a research report on Tuesday, February 20th. Mizuho raised their target price on UDR from $35.00 to $38.00 and gave the company a “neutral” rating in a report on Thursday, May 30th. Finally, Truist Financial dropped their price target on UDR from $45.00 to $42.00 and set a “buy” rating on the stock in a research report on Tuesday, April 9th. Eleven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $40.59.

About UDR

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.