UDR, Inc. (NYSE:UDR) Receives $45.19 Average PT from Analysts

Shares of UDR, Inc. (NYSE:UDR) have been assigned a consensus recommendation of “Hold” from the sixteen ratings firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $46.00.

Several research analysts recently commented on UDR shares. Scotiabank reduced their target price on UDR from $49.00 to $48.00 and set a “sector perform” rating for the company in a research report on Thursday, November 14th. The Goldman Sachs Group began coverage on shares of UDR in a research report on Wednesday, September 4th. They set a “sell” rating and a $42.00 target price on the stock. Truist Financial increased their price target on shares of UDR from $44.00 to $47.00 and gave the stock a “buy” rating in a research report on Monday, August 26th. BNP Paribas started coverage on UDR in a report on Wednesday, September 11th. They set an “outperform” rating and a $49.00 price objective on the stock. Finally, UBS Group increased their target price on UDR from $48.00 to $52.00 and gave the stock a “buy” rating in a report on Thursday, September 12th.

Institutional Investors Weigh In On UDR

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FMR LLC grew its stake in shares of UDR by 14.8% during the third quarter. FMR LLC now owns 11,401,026 shares of the real estate investment trust’s stock valued at $516,923,000 after purchasing an additional 1,471,855 shares during the last quarter. Daiwa Securities Group Inc. lifted its holdings in UDR by 2.3% during the 3rd quarter. Daiwa Securities Group Inc. now owns 7,109,980 shares of the real estate investment trust’s stock worth $322,366,000 after buying an additional 159,625 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings 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 buying an additional 103,384 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in UDR by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,272,032 shares of the real estate investment trust’s stock valued at $193,694,000 after buying an additional 117,213 shares during the last quarter. Finally, Millennium Management LLC raised its position in shares of UDR by 115.3% during the second quarter. Millennium Management LLC now owns 3,499,150 shares of the real estate investment trust’s stock worth $143,990,000 after acquiring an additional 1,874,096 shares during the last quarter. Institutional investors and hedge funds own 97.84% of the company’s stock.

UDR Price Performance

Shares of UDR stock opened at $43.46 on Friday. The company has a market capitalization of $14.34 billion, a P/E ratio of 117.46, a P/E/G ratio of 12.34 and a beta of 0.87. 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 has a 12 month low of $34.19 and a 12 month high of $47.55. The stock has a 50 day moving average of $44.34 and a two-hundred day moving average of $43.14.

UDR Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Thursday, January 9th will be given a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, January 9th. This represents a $1.70 annualized dividend and a yield of 3.91%. UDR’s dividend payout ratio (DPR) is 459.46%.

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.