UDR, Inc. (NYSE:UDR) Given Consensus Recommendation of “Hold” by Brokerages

UDR, Inc. (NYSE:UDR) has received a consensus rating of “Hold” from the seventeen research firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and seven have given a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $42.82.

Several research firms have commented on UDR. BMO Capital Markets raised UDR from a “market perform” rating to an “outperform” rating and upped their price target for the company from $39.00 to $45.00 in a report on Monday, July 15th. Wells Fargo & Company upped their price objective on UDR from $41.00 to $48.00 and gave the company an “overweight” rating in a research note on Monday, August 26th. Scotiabank upped their price objective on UDR from $43.00 to $45.00 and gave the company a “sector perform” rating in a research note on Monday, August 26th. Morgan Stanley upped their price objective on UDR from $37.00 to $40.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 14th. Finally, Wedbush upped their price objective on UDR from $45.00 to $49.00 and gave the company an “outperform” rating in a research note on Monday, August 5th.

UDR Trading Down 0.4 %

UDR stock opened at $44.42 on Friday. The business has a 50 day moving average price of $41.80 and a two-hundred day moving average price of $39.29. The company has a quick ratio of 5.82, a current ratio of 5.82 and a debt-to-equity ratio of 1.57. The stock has a market cap of $14.65 billion, a price-to-earnings ratio of 32.19, a price-to-earnings-growth ratio of 9.76 and a beta of 0.85. UDR has a 12 month low of $30.95 and a 12 month high of $45.10.

UDR (NYSE:UDR) last posted its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported $0.08 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.53). The firm had revenue of $415.30 million during the quarter, compared to analyst estimates of $413.75 million. UDR had a net margin of 8.34% and a return on equity of 3.70%. The company’s revenue was up 2.7% on a year-over-year basis. During the same period last year, the company earned $0.61 EPS. As a group, equities analysts forecast that UDR will post 2.46 EPS for the current year.

UDR Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 10th were given a $0.425 dividend. The ex-dividend date of this dividend was Wednesday, July 10th. This represents a $1.70 dividend on an annualized basis and a yield of 3.83%. UDR’s payout ratio is 123.19%.

Institutional Investors Weigh In On UDR

Hedge funds and other institutional investors have recently made changes to their positions in the company. International Assets Investment Management LLC grew its stake in shares of UDR by 3,730.9% during the fourth quarter. International Assets Investment Management LLC now owns 37,351 shares of the real estate investment trust’s stock worth $1,430,000 after purchasing an additional 36,376 shares during the period. Victory Capital Management Inc. lifted its holdings in UDR by 307.0% during the fourth quarter. Victory Capital Management Inc. now owns 100,750 shares of the real estate investment trust’s stock worth $3,858,000 after acquiring an additional 75,993 shares in the last quarter. National Bank of Canada FI lifted its holdings in UDR by 9.4% during the fourth quarter. National Bank of Canada FI now owns 70,710 shares of the real estate investment trust’s stock worth $2,732,000 after acquiring an additional 6,051 shares in the last quarter. Metis Global Partners LLC lifted its holdings in UDR by 2.9% during the fourth quarter. Metis Global Partners LLC now owns 29,739 shares of the real estate investment trust’s stock worth $1,139,000 after acquiring an additional 843 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in UDR by 2.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,128,230 shares of the real estate investment trust’s stock worth $158,070,000 after acquiring an additional 81,981 shares in the last quarter. 97.84% of the stock is owned by institutional investors and hedge funds.

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.