UDR (NYSE:UDR) Given New $44.00 Price Target at Royal Bank of Canada

UDR (NYSE:UDR) had its price objective increased by Royal Bank of Canada from $43.00 to $44.00 in a report released on Friday morning,Benzinga reports. They currently have a sector perform rating on the real estate investment trust’s stock.

UDR has been the subject of several other reports. Wells Fargo & Company decreased their target price on shares of UDR from $48.00 to $45.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Jefferies Financial Group downgraded shares of UDR from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $50.00 to $45.00 in a research report on Thursday, January 2nd. Scotiabank lowered their target price on shares of UDR from $49.00 to $48.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 14th. Mizuho cut their price target on UDR from $47.00 to $45.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Finally, StockNews.com upgraded UDR from a “sell” rating to a “hold” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $46.00.

UDR Trading Down 0.2 %

Shares of UDR stock opened at $42.91 on Friday. UDR has a 1 year low of $34.19 and a 1 year high of $47.55. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.32 and a quick ratio of 5.91. The stock has a market cap of $14.16 billion, a PE ratio of 171.64, a price-to-earnings-growth ratio of 11.72 and a beta of 0.88. The firm has a fifty day moving average price of $42.71 and a 200 day moving average price of $43.43.

UDR (NYSE:UDR) last issued its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.53. UDR had a return on equity of 2.65% and a net margin of 5.36%. Equities research analysts predict that UDR will post 2.51 earnings per share for the current year.

UDR Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 9th were paid a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date was Friday, January 10th. UDR’s dividend payout ratio (DPR) is 680.00%.

Institutional Investors Weigh In On UDR

A number of large investors have recently made changes to their positions in the stock. Activest Wealth Management purchased a new stake in UDR in the 3rd quarter valued at $27,000. Brooklyn Investment Group acquired a new position in shares of UDR during the 3rd quarter valued at about $33,000. Continuum Advisory LLC boosted its position in shares of UDR by 5,335.3% during the 3rd quarter. Continuum Advisory LLC now owns 924 shares of the real estate investment trust’s stock valued at $41,000 after acquiring an additional 907 shares during the last quarter. Mather Group LLC. grew its holdings in shares of UDR by 58.2% in the third quarter. Mather Group LLC. now owns 998 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 367 shares during the period. Finally, Smartleaf Asset Management LLC increased its position in UDR by 68.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,206 shares of the real estate investment trust’s stock worth $52,000 after purchasing an additional 491 shares during the last quarter. 97.84% of the stock is currently owned by hedge funds and other institutional investors.

About UDR

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.