UDR, Inc. (NYSE:UDR) Announces Quarterly Dividend of $0.43

UDR, Inc. (NYSE:UDR) announced a quarterly dividend on Thursday, December 19th,RTT News reports. Investors of record on Thursday, January 9th will be given a dividend of 0.425 per share by the real estate investment trust on Friday, January 31st. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.01%.

UDR has increased its dividend by an average of 4.9% per year over the last three years and has raised its dividend every year for the last 14 years. UDR has a dividend payout ratio of 361.7% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect UDR to earn $2.53 per share next year, which means the company should continue to be able to cover its $1.70 annual dividend with an expected future payout ratio of 67.2%.

UDR Stock Down 1.2 %

NYSE:UDR opened at $42.42 on Friday. UDR has a twelve month low of $34.19 and a twelve month high of $47.55. The firm has a market capitalization of $14.00 billion, a price-to-earnings ratio of 114.65, a price-to-earnings-growth ratio of 12.34 and a beta of 0.87. 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 stock’s 50 day moving average price is $44.34 and its two-hundred day moving average price is $43.08.

Analyst Ratings Changes

A number of research analysts have recently commented on UDR shares. Piper Sandler lifted their price objective on shares of UDR from $40.00 to $46.00 and gave the company a “neutral” rating in a research report on Monday, August 26th. JPMorgan Chase & Co. upped their price objective on UDR from $43.00 to $50.00 and gave the company an “overweight” rating in a report on Monday, September 16th. Truist Financial upped their price target on shares of UDR from $44.00 to $47.00 and gave the company a “buy” rating in a research note on Monday, August 26th. UBS Group lifted their price objective on shares of UDR from $48.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, September 12th. Finally, Wells Fargo & Company increased their target price on shares of UDR from $41.00 to $48.00 and gave the stock an “overweight” rating in a research report on Monday, August 26th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, UDR currently has a consensus rating of “Hold” and a consensus price target of $46.00.

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.