UDR, Inc. (NYSE:UDR) Given Average Recommendation of “Hold” by Analysts

Shares of UDR, Inc. (NYSE:UDR) have earned a consensus rating of “Hold” from the sixteen research firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $41.76.

UDR has been the topic of several recent research reports. Wells Fargo & Company upgraded UDR from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $34.00 to $39.00 in a research report on Monday, March 4th. The Goldman Sachs Group started coverage on UDR in a research report on Thursday, February 22nd. They issued a “neutral” rating and a $39.00 price objective for the company. KeyCorp reduced their price target on shares of UDR from $48.00 to $45.00 and set an “overweight” rating for the company in a report on Wednesday, December 13th. Deutsche Bank Aktiengesellschaft began coverage on shares of UDR in a research report on Tuesday, January 30th. They issued a “hold” rating and a $40.00 target price for the company. Finally, Piper Sandler reiterated an “underweight” rating and set a $34.00 price objective on shares of UDR in a research note on Tuesday, March 26th.

Hedge Funds Weigh In On UDR

Several hedge funds and other institutional investors have recently modified their holdings of the business. Clear Street Markets LLC boosted its stake in shares of UDR by 96.1% during the first quarter. Clear Street Markets LLC now owns 606 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 297 shares in the last quarter. Principal Securities Inc. acquired a new position in shares of UDR during the fourth quarter valued at about $26,000. Quest Partners LLC bought a new stake in UDR during the fourth quarter worth $27,000. International Assets Investment Management LLC bought a new position in shares of UDR during the third quarter valued at about $35,000. Finally, Parkside Financial Bank & Trust lifted its holdings in UDR by 225.7% during the third quarter. Parkside Financial Bank & Trust now owns 1,088 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 754 shares during the period. Institutional investors own 97.84% of the company’s stock.

UDR Stock Performance

UDR stock opened at $37.63 on Tuesday. The stock has a market capitalization of $12.39 billion, a PE ratio of 28.08, a price-to-earnings-growth ratio of 2.91 and a beta of 0.80. UDR has a fifty-two week low of $30.95 and a fifty-two week high of $44.02. The company has a debt-to-equity ratio of 1.47, a current ratio of 5.15 and a quick ratio of 5.15. The company has a 50 day moving average price of $36.41 and a 200 day moving average price of $35.85.

UDR Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Wednesday, April 10th will be paid a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 4.52%. This is an increase from UDR’s previous quarterly dividend of $0.42. The ex-dividend date is Tuesday, April 9th. UDR’s dividend payout ratio is presently 126.87%.

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.