UDR (NYSE:UDR) Cut to Hold at Jefferies Financial Group

Jefferies Financial Group cut shares of UDR (NYSE:UDR) from a buy rating to a hold rating in a report issued on Thursday, Marketbeat.com reports. Jefferies Financial Group currently has $45.00 price objective on the real estate investment trust’s stock, down from their previous price objective of $50.00.

Several other brokerages also recently commented on UDR. Deutsche Bank Aktiengesellschaft lifted their target price on shares of UDR from $40.00 to $44.00 and gave the stock a “hold” rating in a report on Tuesday, September 10th. BNP Paribas began coverage on UDR in a report on Wednesday, September 11th. They issued an “outperform” rating and a $49.00 price objective on the stock. StockNews.com raised UDR from a “sell” rating to a “hold” rating in a report on Saturday, December 21st. UBS Group raised 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. Finally, Barclays began coverage on shares of UDR in a report on Tuesday, December 17th. They issued an “overweight” rating and a $50.00 price objective for the company. Two research 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 an average target price of $45.94.

UDR Stock Performance

Shares of NYSE UDR opened at $43.08 on Thursday. The company has a current ratio of 5.91, a quick ratio of 5.91 and a debt-to-equity ratio of 1.69. The company has a market capitalization of $14.21 billion, a P/E ratio of 116.44, a P/E/G ratio of 12.34 and a beta of 0.87. 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 $44.13 and a 200-day moving average of $43.36.

UDR Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 10th will be paid a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 3.95%. The ex-dividend date is Friday, January 10th. UDR’s payout ratio is currently 459.46%.

Hedge Funds Weigh In On UDR

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Activest Wealth Management acquired a new position in UDR in the third quarter valued at approximately $27,000. Brooklyn Investment Group acquired a new position in shares of UDR during the 3rd quarter valued at $33,000. Rothschild Investment LLC bought a new position in UDR during the second quarter worth $35,000. Quest Partners LLC acquired a new stake in UDR in the second quarter worth $37,000. Finally, Continuum Advisory LLC increased its stake in UDR by 5,335.3% in the third quarter. Continuum Advisory LLC now owns 924 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 907 shares in the last quarter. 97.84% of the stock is owned by institutional investors and hedge funds.

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.