UDR (NYSE:UDR) Price Target Cut to $45.00 by Analysts at Wells Fargo & Company

UDR (NYSE:UDR) had its price target cut by Wells Fargo & Company from $48.00 to $45.00 in a report published on Friday morning,Benzinga reports. They currently have an overweight rating on the real estate investment trust’s stock.

Other equities research analysts also recently issued reports about the stock. Royal Bank of Canada lowered their price target on shares of UDR from $46.00 to $45.00 and set a “sector perform” rating for the company in a report on Tuesday, November 5th. Jefferies Financial Group cut shares of UDR from a “buy” rating to a “hold” rating and lowered their target price for the stock from $50.00 to $45.00 in a research note on Thursday, January 2nd. Mizuho reduced their price target on UDR from $47.00 to $45.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. StockNews.com downgraded UDR from a “hold” rating to a “sell” rating in a research report on Thursday, January 2nd. Finally, Barclays reduced their target price on UDR from $50.00 to $48.00 and set an “overweight” rating on the stock in a research report on Friday. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $46.06.

UDR Stock Up 0.8 %

UDR opened at $40.63 on Friday. The firm has a market cap of $13.41 billion, a P/E ratio of 109.81, a PEG ratio of 11.03 and a beta of 0.89. The business’s fifty day simple moving average is $43.42 and its 200 day simple moving average is $43.38. UDR has a 52 week low of $34.19 and a 52 week high of $47.55. The company has a quick ratio of 5.91, a current ratio of 5.91 and a debt-to-equity ratio of 1.69.

UDR Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, January 9th will be given a dividend of $0.425 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.70 dividend on an annualized basis and a yield of 4.18%. UDR’s dividend payout ratio (DPR) is 459.47%.

Institutional Investors Weigh In On UDR

Several large investors have recently made changes to their positions in UDR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in UDR by 862.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,086,964 shares of the real estate investment trust’s stock valued at $139,963,000 after purchasing an additional 2,766,172 shares in the last quarter. Mizuho Securities USA LLC boosted its position in shares of UDR by 8,460.5% in the third quarter. Mizuho Securities USA LLC now owns 2,000,000 shares of the real estate investment trust’s stock worth $90,680,000 after buying an additional 1,976,637 shares during the period. Millennium Management LLC grew its stake in shares of UDR by 115.3% in 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 in the last quarter. FMR LLC raised its holdings in shares of UDR by 14.8% during the 3rd quarter. FMR LLC now owns 11,401,026 shares of the real estate investment trust’s stock valued at $516,923,000 after buying an additional 1,471,855 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in UDR by 5.0% during 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 acquiring an additional 368,087 shares in the last quarter. Institutional investors and hedge funds own 97.84% 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 communities in targeted U.S.