UDR (NYSE:UDR) Price Target Cut to $45.00 by Analysts at Mizuho

UDR (NYSE:UDR) had its target price trimmed by Mizuho from $47.00 to $45.00 in a research report report published on Monday morning,Benzinga reports. The firm currently has a neutral rating on the real estate investment trust’s stock.

Several other equities analysts have also commented on UDR. Jefferies Financial Group lowered shares of UDR from a “buy” rating to a “hold” rating and dropped their price target for the stock from $50.00 to $45.00 in a research report on Thursday, January 2nd. Scotiabank cut their target price on UDR from $49.00 to $48.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 14th. Barclays initiated coverage on UDR in a research report on Tuesday, December 17th. They set an “overweight” rating and a $50.00 price target for the company. BNP Paribas assumed coverage on UDR in a report on Wednesday, September 11th. They issued an “outperform” rating and a $49.00 price objective on the stock. 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 investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $46.35.

UDR Stock Down 3.9 %

UDR opened at $41.41 on Monday. UDR has a 12 month low of $34.19 and a 12 month high of $47.55. The business has a 50-day moving average of $44.13 and a two-hundred day moving average of $43.40. The company has a debt-to-equity ratio of 1.69, a current ratio of 5.91 and a quick ratio of 5.91. The stock has a market capitalization of $13.66 billion, a price-to-earnings ratio of 111.92, a price-to-earnings-growth ratio of 12.34 and a beta of 0.89.

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 paid a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 4.11%. The ex-dividend date of this dividend is Friday, January 10th. UDR’s dividend payout ratio (DPR) is 459.46%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Los Angeles Capital Management LLC acquired a new position in shares of UDR in the 2nd quarter valued at approximately $861,000. Acadian Asset Management LLC acquired a new stake in UDR in the second quarter valued at $170,000. Quest Partners LLC bought a new position in UDR during the 2nd quarter valued at $37,000. Prudential PLC acquired a new position in UDR during the 2nd quarter worth $216,000. Finally, B&I Capital AG increased its position in shares of UDR by 17.6% in the 2nd quarter. B&I Capital AG now owns 256,770 shares of the real estate investment trust’s stock worth $10,566,000 after purchasing an additional 38,500 shares during the last quarter. Institutional investors and hedge funds own 97.84% of the company’s stock.

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.