Nisa Investment Advisors LLC Purchases 39,389 Shares of UDR, Inc. (NYSE:UDR)

Nisa Investment Advisors LLC lifted its position in UDR, Inc. (NYSE:UDR) by 20.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 229,688 shares of the real estate investment trust’s stock after acquiring an additional 39,389 shares during the quarter. Nisa Investment Advisors LLC’s holdings in UDR were worth $10,414,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of UDR by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 51,063,214 shares of the real estate investment trust’s stock worth $1,910,275,000 after acquiring an additional 233,475 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in shares of UDR by 370.6% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 222,940 shares of the real estate investment trust’s stock worth $8,340,000 after buying an additional 175,566 shares during the last quarter. Simplicity Wealth LLC purchased a new position in shares of UDR in the 2nd quarter worth about $2,135,000. Bessemer Group Inc. boosted its holdings in shares of UDR by 2,250.3% in the 1st quarter. Bessemer Group Inc. now owns 37,416 shares of the real estate investment trust’s stock worth $1,399,000 after buying an additional 35,824 shares during the last quarter. Finally, Lasalle Investment Management Securities LLC boosted its holdings in shares of UDR by 64.6% in the 1st quarter. Lasalle Investment Management Securities LLC now owns 1,447,425 shares of the real estate investment trust’s stock worth $54,148,000 after buying an additional 567,878 shares during the last quarter. Institutional investors own 97.84% of the company’s stock.

Analyst Upgrades and Downgrades

UDR has been the topic of a number of research analyst reports. Wedbush boosted their price target on shares of UDR from $45.00 to $49.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. The Goldman Sachs Group started coverage on shares of UDR in a report on Wednesday, September 4th. They issued a “sell” rating and a $42.00 price target on the stock. Evercore ISI upped their price objective on shares of UDR from $42.00 to $43.00 and gave the company an “in-line” rating in a report on Monday, September 9th. JPMorgan Chase & Co. increased their target price on shares of UDR from $43.00 to $50.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. Finally, Piper Sandler boosted their price target on shares of UDR from $40.00 to $46.00 and gave the company a “neutral” rating in a research report on Monday, August 26th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, UDR has an average rating of “Hold” and an average target price of $44.28.

UDR Stock Performance

Shares of UDR opened at $43.52 on Thursday. UDR, Inc. has a 12-month low of $30.95 and a 12-month high of $47.55. The company has a current ratio of 5.82, a quick ratio of 5.82 and a debt-to-equity ratio of 1.57. The company has a market cap of $14.35 billion, a PE ratio of 106.15, a price-to-earnings-growth ratio of 9.62 and a beta of 0.85. The stock has a 50-day moving average price of $44.73 and a 200-day moving average price of $41.54.

UDR (NYSE:UDR) last announced its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.53). The company had revenue of $415.30 million for the quarter, compared to the consensus estimate of $413.75 million. UDR had a net margin of 8.34% and a return on equity of 3.70%. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.61 earnings per share. As a group, equities analysts forecast that UDR, Inc. will post 2.47 earnings per share for the current fiscal year.

UDR Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th will be issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date is Thursday, October 10th. UDR’s dividend payout ratio is currently 414.64%.

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.