UDR (NYSE:UDR) Given New $42.50 Price Target at Wells Fargo & Company

UDR (NYSE:UDR) had its target price reduced by Wells Fargo & Company from $44.50 to $42.50 in a report released on Tuesday morning, Benzinga reports. They currently have an overweight rating on the real estate investment trust’s stock.

A number of other equities research analysts also recently weighed in on the company. StockNews.com assumed coverage on UDR in a research report on Thursday, August 17th. They set a hold rating for the company. Mizuho dropped their target price on UDR from $50.00 to $44.00 in a research report on Friday, May 19th. Piper Sandler boosted their target price on UDR from $45.00 to $46.00 in a research report on Friday, July 28th. JPMorgan Chase & Co. dropped their target price on UDR from $49.00 to $44.00 and set an overweight rating for the company in a research report on Monday, August 21st. Finally, Scotiabank upgraded UDR from a sector perform rating to a sector outperform rating and boosted their target price for the stock from $44.00 to $45.00 in a research report on Wednesday, August 30th. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average price target of $46.91.

UDR Trading Up 0.5 %

Shares of UDR opened at $38.73 on Tuesday. The stock has a fifty day moving average price of $40.54 and a two-hundred day moving average price of $40.84. The company has a debt-to-equity ratio of 1.33, a quick ratio of 5.60 and a current ratio of 5.60. UDR has a 52-week low of $37.18 and a 52-week high of $47.19. The company has a market cap of $12.76 billion, a price-to-earnings ratio of 28.90, a PEG ratio of 2.11 and a beta of 0.77.

UDR Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Monday, July 10th were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Friday, July 7th. This represents a $1.68 annualized dividend and a yield of 4.34%. UDR’s dividend payout ratio (DPR) is presently 125.37%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of UDR. Clear Street Markets LLC raised its stake in UDR by 96.1% in the first quarter. Clear Street Markets LLC now owns 606 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 297 shares during the period. Bank of New Hampshire bought a new stake in UDR in the second quarter valued at approximately $26,000. International Assets Investment Management LLC raised its stake in UDR by 6,400.0% in the first quarter. International Assets Investment Management LLC now owns 975 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 960 shares during the period. Disciplined Investments LLC bought a new stake in UDR in the second quarter valued at approximately $43,000. Finally, Mcmillion Capital Management Inc. bought a new stake in UDR in the second quarter valued at approximately $63,000. 91.68% 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.