UDR, Inc. (NYSE:UDR) Receives Average Rating of “Hold” from Brokerages

Shares of UDR, Inc. (NYSE:UDR) have been assigned a consensus rating of “Hold” from the seventeen analysts that are presently covering the stock, MarketBeat reports. Eleven equities research analysts have rated the stock with a hold rating and six have assigned 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 $41.44.

UDR has been the topic of a number of recent analyst reports. Truist Financial dropped their price target 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. The Goldman Sachs Group started coverage on shares of UDR in a report on Thursday, February 22nd. They issued a “neutral” rating and a $39.00 target price on the stock. UBS Group raised shares of UDR from a “neutral” rating to a “buy” rating and upped their price target for the company from $38.00 to $44.00 in a research report on Thursday, April 25th. Scotiabank lowered UDR from a “sector outperform” rating to a “sector perform” rating and set a $39.00 price objective for the company. in a research report on Wednesday. Finally, Morgan Stanley restated an “equal weight” rating and set a $37.00 target price on shares of UDR in a research report on Monday, February 26th.

Institutional Trading of UDR

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Easterly Investment Partners LLC acquired a new position in shares of UDR during the first quarter valued at about $20,577,000. BI Asset Management Fondsmaeglerselskab A S boosted its stake in UDR by 20.6% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 3,782 shares of the real estate investment trust’s stock valued at $141,000 after purchasing an additional 645 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in UDR by 22.3% during the 1st quarter. Daiwa Securities Group Inc. now owns 7,467,881 shares of the real estate investment trust’s stock valued at $279,373,000 after purchasing an additional 1,359,804 shares during the last quarter. Fidelis Capital Partners LLC bought a new stake in UDR during the 1st quarter worth approximately $26,000. Finally, Tokio Marine Asset Management Co. Ltd. raised its stake in shares of UDR by 7.3% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 11,218 shares of the real estate investment trust’s stock worth $420,000 after purchasing an additional 766 shares during the last quarter. Institutional investors own 97.84% of the company’s stock.

UDR Price Performance

UDR stock opened at $38.23 on Friday. The stock’s 50 day moving average is $36.87 and its 200 day moving average is $36.01. UDR has a one year low of $30.95 and a one year high of $44.02. The firm has a market cap of $12.59 billion, a P/E ratio of 27.70, a P/E/G ratio of 3.01 and a beta of 0.79. The company has a debt-to-equity ratio of 1.49, a current ratio of 6.61 and a quick ratio of 5.15.

UDR Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Wednesday, April 10th were issued a $0.425 dividend. This is a boost from UDR’s previous quarterly dividend of $0.42. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.45%. The ex-dividend date of this dividend was Tuesday, April 9th. UDR’s dividend payout ratio (DPR) is currently 123.19%.

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.