Shares of UDR, Inc. (NYSE:UDR – Get Rating) have received a consensus recommendation of “Buy” from the sixteen ratings firms that are currently covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $60.27.
A number of research firms have issued reports on UDR. Piper Sandler decreased their price objective on UDR from $63.00 to $57.00 in a report on Wednesday, May 4th. Mizuho cut their target price on UDR from $61.00 to $60.00 and set a “buy” rating on the stock in a research note on Wednesday, February 16th. Wolfe Research raised UDR from a “peer perform” rating to an “outperform” rating in a research note on Tuesday, March 15th. JPMorgan Chase & Co. increased their target price on UDR from $61.00 to $63.00 in a research note on Tuesday, January 18th. Finally, StockNews.com began coverage on UDR in a research note on Thursday, March 31st. They issued a “hold” rating on the stock.
Hedge funds have recently bought and sold shares of the business. CVA Family Office LLC bought a new position in UDR in the fourth quarter valued at about $28,000. Dixon Hughes Goodman Wealth Advisors LLC lifted its holdings in UDR by 111.1% in the first quarter. Dixon Hughes Goodman Wealth Advisors LLC now owns 684 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 360 shares during the period. Signaturefd LLC lifted its holdings in UDR by 66.5% in the fourth quarter. Signaturefd LLC now owns 816 shares of the real estate investment trust’s stock valued at $49,000 after acquiring an additional 326 shares during the period. NuWave Investment Management LLC lifted its holdings in UDR by 32.6% in the fourth quarter. NuWave Investment Management LLC now owns 943 shares of the real estate investment trust’s stock valued at $57,000 after acquiring an additional 232 shares during the period. Finally, Desjardins Global Asset Management Inc. bought a new position in UDR in the fourth quarter valued at about $58,000. 96.39% of the stock is currently owned by institutional investors.
UDR (NYSE:UDR – Get Rating) last posted its quarterly earnings data on Tuesday, April 26th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.51). UDR had a return on equity of 4.79% and a net margin of 11.93%. During the same period in the prior year, the company posted $0.47 earnings per share. On average, analysts predict that UDR will post 2.29 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 2nd. Investors of record on Monday, April 11th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, April 8th. This is a boost from UDR’s previous quarterly dividend of $0.36. This represents a $1.52 annualized dividend and a dividend yield of 3.19%. UDR’s dividend payout ratio (DPR) is 298.05%.
UDR Company Profile (Get Rating)
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.
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