UDR, Inc. (NYSE:UDR) Given Average Recommendation of “Hold” by Analysts

Shares of UDR, Inc. (NYSE:UDR) have been given a consensus recommendation of “Hold” by the seventeen brokerages that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $45.18.

Several equities research analysts have commented on the stock. BNP Paribas assumed coverage on shares of UDR in a research report on Wednesday, September 11th. They set an “outperform” rating and a $49.00 price target on the stock. UBS Group boosted their price target on shares of UDR from $48.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, September 12th. Royal Bank of Canada cut their price target on shares of UDR from $46.00 to $45.00 and set a “sector perform” rating on the stock in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of UDR from $40.00 to $44.00 and gave the stock a “hold” rating in a research report on Tuesday, September 10th. Finally, The Goldman Sachs Group assumed coverage on shares of UDR in a research report on Wednesday, September 4th. They set a “sell” rating and a $42.00 price target on the stock.

UDR Trading Up 0.6 %

UDR opened at $45.09 on Wednesday. The stock has a market capitalization of $14.88 billion, a P/E ratio of 121.86, a P/E/G ratio of 12.51 and a beta of 0.85. UDR has a 12 month low of $32.85 and a 12 month high of $47.55. The firm’s fifty day simple moving average is $44.50 and its 200 day simple moving average is $42.35. The company has a current ratio of 5.91, a quick ratio of 5.91 and a debt-to-equity ratio of 1.69.

UDR Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th were issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date was Thursday, October 10th. UDR’s dividend payout ratio (DPR) is presently 459.46%.

Institutional Trading of UDR

A number of institutional investors and hedge funds have recently made changes to their positions in the company. CWM LLC lifted its stake in UDR by 10.0% in the 3rd quarter. CWM LLC now owns 3,802 shares of the real estate investment trust’s stock valued at $172,000 after purchasing an additional 347 shares during the last quarter. Empowered Funds LLC raised its stake in shares of UDR by 7.1% during the third quarter. Empowered Funds LLC now owns 5,246 shares of the real estate investment trust’s stock valued at $238,000 after acquiring an additional 350 shares during the last quarter. Mather Group LLC. raised its stake in shares of UDR by 58.2% during the third quarter. Mather Group LLC. now owns 998 shares of the real estate investment trust’s stock valued at $45,000 after acquiring an additional 367 shares during the last quarter. Truist Financial Corp raised its stake in shares of UDR by 0.6% during the second quarter. Truist Financial Corp now owns 66,673 shares of the real estate investment trust’s stock valued at $2,744,000 after acquiring an additional 414 shares during the last quarter. Finally, TCV Trust & Wealth Management Inc. raised its stake in shares of UDR by 8.2% during the third quarter. TCV Trust & Wealth Management Inc. now owns 5,589 shares of the real estate investment trust’s stock valued at $253,000 after acquiring an additional 424 shares during the last quarter. Institutional investors 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.