UDR, Inc. (NYSE:UDR) Receives $46.06 Average PT from Analysts

UDR, Inc. (NYSE:UDR) has received a consensus rating of “Hold” from the seventeen brokerages that are presently covering the firm, MarketBeat Ratings reports. One research 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 twelve-month price objective among analysts that have issued a report on the stock in the last year is $46.00.

A number of research analysts have recently weighed in on UDR shares. Wells Fargo & Company dropped their price objective 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. Barclays reduced their target price on shares of UDR from $50.00 to $48.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Royal Bank of Canada upped their price objective on shares of UDR from $43.00 to $44.00 and gave the company a “sector perform” rating in a research note on Friday. Scotiabank lowered their target price on shares of UDR from $49.00 to $48.00 and set a “sector perform” rating for the company in a research note on Thursday, November 14th. Finally, Mizuho cut their price target on UDR from $47.00 to $45.00 and set a “neutral” rating for the company in a report on Monday, January 6th.

Institutional Investors Weigh In On UDR

Several institutional investors and hedge funds have recently modified their holdings of UDR. International Assets Investment Management LLC boosted its stake in shares of UDR by 4,436.2% in the third quarter. International Assets Investment Management LLC now owns 44,228 shares of the real estate investment trust’s stock valued at $2,005,000 after purchasing an additional 43,253 shares during the period. Los Angeles Capital Management LLC boosted its holdings in UDR by 1,665.3% in the third quarter. Los Angeles Capital Management LLC now owns 369,448 shares of the real estate investment trust’s stock valued at $16,751,000 after purchasing an additional 348,520 shares during the last quarter. MQS Management LLC acquired a new stake in UDR during the 3rd quarter valued at approximately $712,000. JPMorgan Chase & Co. increased its holdings in UDR by 5.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,774,541 shares of the real estate investment trust’s stock worth $352,498,000 after purchasing an additional 368,087 shares during the last quarter. Finally, BSN CAPITAL PARTNERS Ltd purchased a new position in shares of UDR during the 3rd quarter valued at approximately $10,987,000. Hedge funds and other institutional investors own 97.84% of the company’s stock.

UDR Price Performance

UDR stock opened at $42.91 on Monday. The firm has a 50 day moving average of $42.65 and a 200-day moving average of $43.44. The company has a market cap of $14.16 billion, a price-to-earnings ratio of 171.64, a PEG ratio of 11.72 and a beta of 0.88. The company has a current ratio of 1.32, a quick ratio of 5.91 and a debt-to-equity ratio of 1.71. UDR has a 12-month low of $34.19 and a 12-month high of $47.55.

UDR (NYSE:UDR) last posted 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%. As a group, equities analysts expect that UDR will post 2.51 EPS for the current fiscal year.

UDR Dividend Announcement

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

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.