Nordea Investment Management AB Reduces Stock Holdings in UDR, Inc. (NYSE:UDR)

Nordea Investment Management AB decreased its position in UDR, Inc. (NYSE:UDR) by 1.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,390 shares of the real estate investment trust’s stock after selling 505 shares during the period. Nordea Investment Management AB’s holdings in UDR were worth $1,272,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Activest Wealth Management purchased a new stake in shares of UDR during the third quarter worth $27,000. Brooklyn Investment Group purchased a new stake in shares of UDR during the third quarter worth $33,000. Quest Partners LLC purchased a new stake in shares of UDR during the second quarter worth $37,000. Continuum Advisory LLC lifted its position in shares of UDR by 5,335.3% during the third quarter. Continuum Advisory LLC now owns 924 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 907 shares in the last quarter. Finally, Mather Group LLC. lifted its position in shares of UDR by 58.2% during the third quarter. Mather Group LLC. now owns 998 shares of the real estate investment trust’s stock worth $45,000 after acquiring an additional 367 shares in the last quarter. Hedge funds and other institutional investors own 97.84% of the company’s stock.

UDR Trading Down 2.7 %

NYSE:UDR opened at $40.12 on Monday. The company has a current ratio of 5.91, a quick ratio of 5.91 and a debt-to-equity ratio of 1.69. UDR, Inc. has a 12 month low of $34.19 and a 12 month high of $47.55. The company has a market cap of $13.24 billion, a PE ratio of 108.44, a price-to-earnings-growth ratio of 12.34 and a beta of 0.89. The company has a 50 day simple moving average of $43.94 and a two-hundred day simple moving average of $43.41.

UDR Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, January 9th will be given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.24%. The ex-dividend date is Friday, January 10th. UDR’s payout ratio is 459.46%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on UDR shares. Mizuho lowered their price objective on UDR from $47.00 to $45.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Royal Bank of Canada lowered their price objective on UDR from $46.00 to $45.00 and set a “sector perform” rating on the stock in a research report on Tuesday, November 5th. Barclays began coverage on UDR in a research report on Tuesday, December 17th. They issued an “overweight” rating and a $50.00 price objective on the stock. Scotiabank reduced their target price on UDR from $49.00 to $48.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 14th. Finally, StockNews.com cut UDR from a “hold” rating to a “sell” rating in a research note on Thursday, January 2nd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $46.35.

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.