UDR (NYSE:UDR) Downgraded to Sell Rating by StockNews.com

StockNews.com downgraded shares of UDR (NYSE:UDR) from a hold rating to a sell rating in a report released on Wednesday morning.

A number of other research analysts have also commented on the stock. BMO Capital Markets raised shares of UDR from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $39.00 to $45.00 in a research report on Monday, July 15th. BNP Paribas initiated coverage on shares of UDR in a research note on Wednesday, September 11th. They set an “outperform” rating and a $49.00 price target for the company. Truist Financial raised their price target on shares of UDR from $44.00 to $47.00 and gave the stock a “buy” rating in a research note on Monday, August 26th. Piper Sandler raised their price target on shares of UDR from $40.00 to $46.00 and gave the stock a “neutral” rating in a research note on Monday, August 26th. Finally, Wells Fargo & Company raised their price target on shares of UDR from $41.00 to $48.00 and gave the stock an “overweight” rating in a research note on Monday, August 26th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $45.24.

UDR Price Performance

NYSE UDR opened at $43.27 on Wednesday. The stock has a market capitalization of $14.28 billion, a P/E ratio of 116.95, a P/E/G ratio of 9.18 and a beta of 0.85. UDR has a 1 year low of $31.87 and a 1 year high of $47.55. The business’s fifty day moving average is $44.63 and its two-hundred day moving average is $41.77. The company has a debt-to-equity ratio of 1.69, a quick ratio of 5.91 and a current ratio of 5.91.

UDR Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th were paid a dividend of $0.425 per share. The ex-dividend date was Thursday, October 10th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.93%. UDR’s dividend payout ratio (DPR) is presently 459.47%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in UDR by 0.5% during 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 purchasing an additional 233,475 shares in the last quarter. Centersquare Investment Management LLC increased its position in UDR by 17.7% during the 1st quarter. Centersquare Investment Management LLC now owns 9,550,638 shares of the real estate investment trust’s stock worth $363,688,000 after purchasing an additional 1,433,463 shares in the last quarter. Dimensional Fund Advisors LP increased its position in UDR by 2.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,732,429 shares of the real estate investment trust’s stock worth $194,737,000 after purchasing an additional 103,384 shares in the last quarter. Capital Research Global Investors acquired a new stake in UDR during the 1st quarter worth approximately $176,137,000. Finally, Millennium Management LLC increased its position in UDR by 115.3% during the 2nd quarter. Millennium Management LLC now owns 3,499,150 shares of the real estate investment trust’s stock worth $143,990,000 after purchasing an additional 1,874,096 shares in the last quarter. 97.84% of the stock is currently 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.