UDR (NYSE:UDR) Downgraded to “Hold” Rating by Jefferies Financial Group

Jefferies Financial Group lowered shares of UDR (NYSE:UDR) from a buy rating to a hold rating in a research note released on Thursday morning, Marketbeat reports. They currently have $45.00 target price on the real estate investment trust’s stock, down from their previous target price of $50.00.

Several other equities research analysts have also weighed in on the company. JPMorgan Chase & Co. upped their price objective on UDR from $43.00 to $50.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. UBS Group upped their price target on UDR from $48.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday, September 12th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of UDR from $40.00 to $44.00 and gave the company a “hold” rating in a research note on Tuesday, September 10th. Scotiabank dropped their target price on shares of UDR from $49.00 to $48.00 and set a “sector perform” rating for the company in a research report on Thursday, November 14th. Finally, Evercore ISI boosted their price target on shares of UDR from $42.00 to $43.00 and gave the company an “in-line” rating in a research report on Monday, September 9th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $45.94.

UDR Price Performance

NYSE:UDR opened at $42.53 on Thursday. UDR has a 52 week low of $34.19 and a 52 week high of $47.55. The company has a debt-to-equity ratio of 1.69, a quick ratio of 5.91 and a current ratio of 5.91. The company has a market capitalization of $14.03 billion, a price-to-earnings ratio of 114.95, a PEG ratio of 12.34 and a beta of 0.87. The company has a 50-day moving average of $44.15 and a 200-day moving average of $43.34.

UDR Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Thursday, January 9th will be issued a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 4.00%. The ex-dividend date is Friday, January 10th. UDR’s dividend payout ratio is 459.46%.

Institutional Investors Weigh In On UDR

Several institutional investors have recently modified their holdings of UDR. FMR LLC boosted its stake in UDR by 14.8% in the third quarter. FMR LLC now owns 11,401,026 shares of the real estate investment trust’s stock valued at $516,923,000 after acquiring an additional 1,471,855 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of UDR by 5.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,774,541 shares of the real estate investment trust’s stock valued at $352,498,000 after purchasing an additional 368,087 shares during the period. Daiwa Securities Group Inc. boosted its position in shares of UDR by 2.3% in the 3rd quarter. Daiwa Securities Group Inc. now owns 7,109,980 shares of the real estate investment trust’s stock worth $322,366,000 after purchasing an additional 159,625 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of UDR by 2.2% during the second quarter. Dimensional Fund Advisors LP now owns 4,732,429 shares of the real estate investment trust’s stock worth $194,737,000 after purchasing an additional 103,384 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in UDR by 2.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,272,032 shares of the real estate investment trust’s stock valued at $193,694,000 after purchasing an additional 117,213 shares during the last quarter. Institutional investors and hedge funds 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.