UDR (NYSE:UDR) Lowered to “Sell” Rating by StockNews.com

StockNews.com cut shares of UDR (NYSE:UDR) from a hold rating to a sell rating in a research note released on Thursday morning.

A number of other equities analysts also recently weighed in on the stock. BNP Paribas assumed coverage on shares of UDR in a report on Wednesday, September 11th. They set an “outperform” rating and a $49.00 target price on the stock. Royal Bank of Canada cut their target price on shares of UDR from $46.00 to $45.00 and set a “sector perform” rating for the company in a research note on Tuesday, November 5th. Barclays assumed coverage on UDR in a research report on Tuesday, December 17th. They set an “overweight” rating and a $50.00 price target on the stock. Jefferies Financial Group cut UDR from a “buy” rating to a “hold” rating and cut their price objective for the company from $50.00 to $45.00 in a research report on Thursday. Finally, Evercore ISI boosted their target price on UDR from $42.00 to $43.00 and gave the stock an “in-line” rating in a report on Monday, September 9th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, UDR currently has an average rating of “Hold” and a consensus price target of $45.94.

UDR Trading Down 2.0 %

NYSE:UDR opened at $42.53 on Thursday. The company has a market cap of $14.03 billion, a P/E ratio of 114.95, a price-to-earnings-growth ratio of 12.34 and a beta of 0.87. UDR has a twelve month low of $34.19 and a twelve month high of $47.55. The business has a 50 day moving average price of $44.15 and a two-hundred day moving average price of $43.34. The company has a quick ratio of 5.91, a current ratio of 5.91 and a debt-to-equity ratio of 1.69.

UDR Announces Dividend

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

Institutional Investors Weigh In On UDR

A number of institutional investors have recently modified their holdings of UDR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in UDR by 862.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,086,964 shares of the real estate investment trust’s stock worth $139,963,000 after purchasing an additional 2,766,172 shares during the period. Mizuho Securities USA LLC boosted its holdings in UDR by 8,460.5% in the third quarter. Mizuho Securities USA LLC now owns 2,000,000 shares of the real estate investment trust’s stock worth $90,680,000 after acquiring an additional 1,976,637 shares in the last quarter. Millennium Management LLC grew its stake in UDR by 115.3% in the second quarter. Millennium Management LLC now owns 3,499,150 shares of the real estate investment trust’s stock valued at $143,990,000 after acquiring an additional 1,874,096 shares during the period. FMR LLC increased its holdings in shares of UDR by 14.8% during 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 in the last quarter. Finally, APG Asset Management US Inc. acquired a new position in shares of UDR during the second quarter worth approximately $22,572,000. 97.84% of the stock is owned by institutional investors.

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.