UDR (NYSE:UDR) Downgraded to Sell at StockNews.com

StockNews.com lowered shares of UDR (NYSE:UDRGet Rating) from a hold rating to a sell rating in a research report sent to investors on Tuesday morning.

A number of other analysts also recently weighed in on the company. UBS Group restated a buy rating and issued a $52.00 target price on shares of UDR in a research report on Wednesday, August 3rd. Truist Financial lowered their target price on UDR from $53.00 to $50.00 and set a hold rating on the stock in a report on Friday, June 24th. BMO Capital Markets cut UDR from an outperform rating to a market perform rating and set a $54.00 target price for the company. in a research report on Friday, August 19th. Credit Suisse Group started coverage on UDR in a research note on Wednesday, June 22nd. They issued an outperform rating and a $50.00 price objective for the company. Finally, KeyCorp decreased their target price on UDR from $63.00 to $55.00 and set an overweight rating for the company in a research report on Tuesday, June 28th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of Hold and a consensus target price of $55.00.

UDR Stock Performance

Shares of UDR stock opened at $42.30 on Tuesday. UDR has a 52 week low of $42.00 and a 52 week high of $61.06. The firm has a 50 day moving average of $46.64 and a 200-day moving average of $49.76. The company has a quick ratio of 3.45, a current ratio of 3.45 and a debt-to-equity ratio of 1.44. The company has a market cap of $13.74 billion, a price-to-earnings ratio of 88.13, a price-to-earnings-growth ratio of 2.90 and a beta of 0.76.

UDR Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Tuesday, October 11th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date is Friday, October 7th. UDR’s dividend payout ratio is currently 316.67%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Clear Street Markets LLC lifted its holdings in shares of UDR by 412.3% in the second quarter. Clear Street Markets LLC now owns 625 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 503 shares during the last quarter. Dixon Hughes Goodman Wealth Advisors LLC increased its stake in UDR by 111.1% in the 1st quarter. Dixon Hughes Goodman Wealth Advisors LLC now owns 684 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 360 shares during the last quarter. Private Trust Co. NA bought a new position in shares of UDR during the 2nd quarter valued at approximately $52,000. Prospera Financial Services Inc bought a new position in UDR in the 1st quarter valued at $66,000. Finally, Eaton Vance Management boosted its holdings in shares of UDR by 17.0% in the 4th quarter. Eaton Vance Management now owns 5,067 shares of the real estate investment trust’s stock worth $69,000 after purchasing an additional 735 shares in the last quarter. 95.28% of the stock is currently owned by institutional investors.

About UDR

(Get Rating)

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.

Read More

Analyst Recommendations for UDR (NYSE:UDR)

Receive News & Ratings for UDR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UDR and related companies with MarketBeat.com's FREE daily email newsletter.