Manning & Napier Group LLC Has $5.18 Million Stock Holdings in UDR, Inc. (NYSE:UDR)

Manning & Napier Group LLC lessened its holdings in shares of UDR, Inc. (NYSE:UDR) by 28.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 106,785 shares of the real estate investment trust’s stock after selling 42,985 shares during the period. Manning & Napier Group LLC’s holdings in UDR were worth $5,175,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of UDR. Vanguard Group Inc. lifted its position in shares of UDR by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 46,343,409 shares of the real estate investment trust’s stock worth $2,080,355,000 after purchasing an additional 1,285,702 shares during the last quarter. Balyasny Asset Management LLC lifted its position in shares of UDR by 488.8% during the 2nd quarter. Balyasny Asset Management LLC now owns 1,126,306 shares of the real estate investment trust’s stock worth $50,560,000 after purchasing an additional 935,032 shares during the last quarter. Nuveen Asset Management LLC lifted its position in shares of UDR by 83.9% during the 2nd quarter. Nuveen Asset Management LLC now owns 1,723,905 shares of the real estate investment trust’s stock worth $77,386,000 after purchasing an additional 786,733 shares during the last quarter. Invesco Ltd. lifted its position in shares of UDR by 12.9% during the 2nd quarter. Invesco Ltd. now owns 3,805,778 shares of the real estate investment trust’s stock worth $170,841,000 after purchasing an additional 433,388 shares during the last quarter. Finally, California Public Employees Retirement System lifted its position in shares of UDR by 25.1% during the 2nd quarter. California Public Employees Retirement System now owns 2,033,501 shares of the real estate investment trust’s stock worth $91,284,000 after purchasing an additional 408,048 shares during the last quarter. 93.56% of the stock is owned by institutional investors and hedge funds.

UDR stock opened at $48.01 on Friday. The business has a 50 day moving average price of $48.24 and a two-hundred day moving average price of $46.20. The company has a quick ratio of 6.43, a current ratio of 6.43 and a debt-to-equity ratio of 1.32. The stock has a market cap of $14.20 billion, a price-to-earnings ratio of 24.01, a price-to-earnings-growth ratio of 3.76 and a beta of 0.42. UDR, Inc. has a 12 month low of $37.87 and a 12 month high of $49.30.



The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th will be issued a $0.3425 dividend. The ex-dividend date is Wednesday, October 9th. This represents a $1.37 annualized dividend and a yield of 2.85%. UDR’s dividend payout ratio (DPR) is 69.90%.

UDR has been the subject of several research analyst reports. Wells Fargo & Co boosted their price objective on UDR from $46.00 to $47.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 13th. ValuEngine cut UDR from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Capital One Financial raised UDR from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $45.00 to $50.00 in a research report on Monday, September 16th. Mizuho boosted their price objective on UDR from $51.00 to $52.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. Finally, Morgan Stanley boosted their price objective on UDR from $48.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Friday, September 6th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $46.33.

In other UDR news, CEO Thomas W. Toomey sold 40,000 shares of the company’s stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $48.61, for a total value of $1,944,400.00. Following the completion of the transaction, the chief executive officer now owns 1,642,826 shares of the company’s stock, valued at approximately $79,857,771.86. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Joseph D. Fisher sold 3,100 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $48.23, for a total value of $149,513.00. Following the completion of the transaction, the chief financial officer now directly owns 25,294 shares of the company’s stock, valued at approximately $1,219,929.62. The disclosure for this sale can be found here. In the last ninety days, insiders sold 83,100 shares of company stock valued at $4,034,713. Insiders own 2.85% of the company’s stock.

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 properties in targeted U.S.

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Institutional Ownership by Quarter for UDR (NYSE:UDR)

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