Mizuho Cuts UDR (NYSE:UDR) Price Target to $45.00

UDR (NYSE:UDR) had its price objective decreased by Mizuho from $47.00 to $45.00 in a research report sent to investors on Monday,Benzinga reports. Mizuho currently has a neutral rating on the real estate investment trust’s stock.

Other research analysts also recently issued research reports about the company. BNP Paribas began coverage on UDR in a research note on Wednesday, September 11th. They issued an “outperform” rating and a $49.00 target price for the company. Scotiabank cut their target price on UDR from $49.00 to $48.00 and set a “sector perform” rating for the company in a research note on Thursday, November 14th. Deutsche Bank Aktiengesellschaft lifted their price target on UDR from $40.00 to $44.00 and gave the company a “hold” rating in a research report on Tuesday, September 10th. Evercore ISI lifted their price target on UDR from $42.00 to $43.00 and gave the company an “in-line” rating in a research report on Monday, September 9th. Finally, Barclays assumed coverage on UDR in a research report on Tuesday, December 17th. They set an “overweight” rating and a $50.00 price target for the company. 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 company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $46.35.

UDR Stock Up 0.3 %

Shares of NYSE UDR opened at $41.20 on Monday. UDR has a 52 week low of $34.19 and a 52 week high of $47.55. The business has a 50-day simple moving average of $43.98 and a two-hundred day simple moving average of $43.39. The company has a quick ratio of 5.91, a current ratio of 5.91 and a debt-to-equity ratio of 1.69. The company has a market cap of $13.59 billion, a P/E ratio of 111.35, a P/E/G ratio of 12.34 and a beta of 0.89.

UDR Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Thursday, January 9th will be issued a dividend of $0.425 per share. The ex-dividend date is Friday, January 10th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.13%. UDR’s dividend payout ratio is 459.46%.

Hedge Funds Weigh In On UDR

A number of large investors have recently modified their holdings of the company. International Assets Investment Management LLC increased its stake in UDR by 4,436.2% in the 3rd quarter. International Assets Investment Management LLC now owns 44,228 shares of the real estate investment trust’s stock worth $2,005,000 after purchasing an additional 43,253 shares during the period. Los Angeles Capital Management LLC increased its stake in UDR by 1,665.3% in the 3rd quarter. Los Angeles Capital Management LLC now owns 369,448 shares of the real estate investment trust’s stock worth $16,751,000 after purchasing an additional 348,520 shares during the period. MQS Management LLC purchased a new position in UDR in the 3rd quarter worth approximately $712,000. JPMorgan Chase & Co. increased its stake in UDR by 5.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,774,541 shares of the real estate investment trust’s stock worth $352,498,000 after purchasing an additional 368,087 shares during the period. Finally, Millennium Management LLC increased its stake in shares of UDR by 115.3% during the second quarter. Millennium Management LLC now owns 3,499,150 shares of the real estate investment trust’s stock valued at $143,990,000 after buying an additional 1,874,096 shares during the period. 97.84% of the stock is owned by hedge funds and other institutional investors.

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.