UDR (NYSE:UDR) Receives “Outperform” Rating from Wedbush

Wedbush reissued their outperform rating on shares of UDR (NYSE:UDR) in a report issued on Monday morning, Benzinga reports. Wedbush currently has a $40.00 price objective on the real estate investment trust’s stock.

A number of other analysts have also recently weighed in on the company. UBS Group raised UDR from a neutral rating to a buy rating and raised their price objective for the stock from $38.00 to $44.00 in a research report on Thursday, April 25th. Wells Fargo & Company upgraded UDR from an equal weight rating to an overweight rating and boosted their price target for the stock from $34.00 to $39.00 in a research note on Monday, March 4th. Barclays lowered shares of UDR from an overweight rating to an equal weight rating and decreased their price objective for the company from $46.00 to $37.00 in a research report on Tuesday, February 20th. Truist Financial dropped their target price on shares of UDR from $45.00 to $42.00 and set a buy rating on the stock in a research report on Tuesday, April 9th. Finally, Piper Sandler raised shares of UDR from an underweight rating to a neutral rating and raised their price target for the stock from $34.00 to $40.00 in a report on Wednesday, April 10th. Eleven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of Hold and an average price target of $41.78.

UDR Trading Up 1.0 %

NYSE:UDR opened at $38.29 on Monday. The stock has a market capitalization of $12.61 billion, a price-to-earnings ratio of 28.57, a PEG ratio of 3.03 and a beta of 0.80. UDR has a 52 week low of $30.95 and a 52 week high of $44.02. The company has a quick ratio of 5.15, a current ratio of 5.15 and a debt-to-equity ratio of 1.47. The firm has a 50 day moving average of $36.78 and a 200 day moving average of $35.97.

UDR Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Wednesday, April 10th will be issued a dividend of $0.425 per share. The ex-dividend date of this dividend is Tuesday, April 9th. This is an increase from UDR’s previous quarterly dividend of $0.42. This represents a $1.70 dividend on an annualized basis and a yield of 4.44%. UDR’s dividend payout ratio is 126.87%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Principal Securities Inc. acquired a new stake in shares of UDR during the 4th quarter valued at about $26,000. Quest Partners LLC purchased a new stake in shares of UDR in the fourth quarter valued at approximately $27,000. Parkside Financial Bank & Trust lifted its position in shares of UDR by 225.7% during the 3rd quarter. Parkside Financial Bank & Trust now owns 1,088 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 754 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of UDR by 87.3% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,435 shares of the real estate investment trust’s stock valued at $55,000 after buying an additional 669 shares in the last quarter. Finally, Addison Advisors LLC grew its stake in UDR by 53.1% in the 4th quarter. Addison Advisors LLC now owns 1,731 shares of the real estate investment trust’s stock valued at $66,000 after acquiring an additional 600 shares during the period. Hedge funds and other institutional investors own 97.84% of the company’s stock.

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.