UDR, Inc. (NYSE:UDR) Given Consensus Rating of “Hold” by Analysts

UDR, Inc. (NYSE:UDR) has received a consensus rating of “Hold” from the eighteen analysts that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $46.12.

Several equities analysts have weighed in on the company. Mizuho reduced their price objective on UDR from $47.00 to $45.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Evercore ISI increased their price target on UDR from $43.00 to $45.00 and gave the stock an “in-line” rating in a research note on Monday, February 10th. Barclays lowered their price objective on UDR from $50.00 to $48.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Wells Fargo & Company cut their target price on shares of UDR from $48.00 to $45.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Finally, Royal Bank of Canada boosted their price target on shares of UDR from $43.00 to $44.00 and gave the company a “sector perform” rating in a research report on Friday, February 7th.

Insiders Place Their Bets

In other UDR news, CEO Thomas W. Toomey sold 25,000 shares of UDR stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $42.75, for a total transaction of $1,068,750.00. Following the completion of the sale, the chief executive officer now owns 824,716 shares of the company’s stock, valued at $35,256,609. The trade was a 2.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 3.73% of the company’s stock.

Hedge Funds Weigh In On UDR

Several institutional investors have recently modified their holdings of the company. Asset Management One Co. Ltd. boosted its stake in UDR by 7.9% in the fourth quarter. Asset Management One Co. Ltd. now owns 587,772 shares of the real estate investment trust’s stock worth $25,515,000 after buying an additional 42,926 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of UDR by 45.7% in the 4th quarter. Principal Financial Group Inc. now owns 512,540 shares of the real estate investment trust’s stock valued at $22,249,000 after purchasing an additional 160,708 shares in the last quarter. JPMorgan Chase & Co. boosted 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 in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of UDR by 7.0% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 95,344 shares of the real estate investment trust’s stock valued at $4,139,000 after purchasing an additional 6,217 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in UDR by 2.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,367,054 shares of the real estate investment trust’s stock worth $189,574,000 after purchasing an additional 95,022 shares during the period. 97.84% of the stock is currently owned by institutional investors.

UDR Stock Performance

Shares of UDR stock opened at $41.27 on Friday. The business’s fifty day simple moving average is $42.93 and its 200 day simple moving average is $43.24. The company has a current ratio of 5.61, a quick ratio of 5.91 and a debt-to-equity ratio of 1.71. UDR has a 12 month low of $35.95 and a 12 month high of $47.55. The firm has a market capitalization of $13.67 billion, a P/E ratio of 165.08, a price-to-earnings-growth ratio of 8.67 and a beta of 0.78.

UDR (NYSE:UDR) last released its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.53. UDR had a return on equity of 2.65% and a net margin of 5.36%. As a group, analysts anticipate that UDR will post 2.51 EPS for the current year.

UDR Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 10th will be paid a $0.43 dividend. This is an increase from UDR’s previous quarterly dividend of $0.43. This represents a $1.72 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date is Thursday, April 10th. UDR’s dividend payout ratio (DPR) is currently 688.00%.

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.