UDR (NYSE:UDR) Rating Lowered to Peer Perform at Wolfe Research

Wolfe Research cut shares of UDR (NYSE:UDR – Get Rating) from an outperform rating to a peer perform rating in a research report released on Monday, The Fly reports. The brokerage currently has $71.00 price target on the real estate investment trust’s stock.

Other equities analysts also recently issued research reports about the company. Wells Fargo & Company started coverage on UDR in a research report on Wednesday, March 29th. They set an overweight rating and a $44.50 price target on the stock. Robert W. Baird raised their price objective on UDR from $47.00 to $49.00 and gave the stock an outperform rating in a research note on Thursday, February 9th. Barclays raised their price objective on UDR from $44.00 to $50.00 and gave the company an overweight rating in a report on Wednesday, March 1st. Mizuho raised their target price on UDR from $44.00 to $50.00 and gave the company a neutral rating in a research report on Thursday, February 23rd. Finally, StockNews.com started coverage on UDR in a research report on Thursday, March 16th. They set a hold rating on the stock. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus price target of $49.09.

UDR Stock Performance

Shares of UDR stock opened at $41.25 on Monday. The stock’s fifty day moving average is $40.49 and its two-hundred day moving average is $40.65. The company has a market capitalization of $13.58 billion, a PE ratio of 137.50, a price-to-earnings-growth ratio of 2.13 and a beta of 0.76. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 1.44. UDR has a 52 week low of $37.18 and a 52 week high of $50.65.

UDR Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, May 1st. Shareholders of record on Monday, April 10th were paid a dividend of $0.42 per share. This is a boost from UDR’s previous quarterly dividend of $0.38. This represents a $1.68 annualized dividend and a dividend yield of 4.07%. The ex-dividend date was Thursday, April 6th. UDR’s dividend payout ratio (DPR) is currently 560.00%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Clear Street Markets LLC lifted its holdings in shares of UDR by 96.1% during the 1st quarter. Clear Street Markets LLC now owns 606 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 297 shares during the period. CVA Family Office LLC raised its holdings in UDR by 71.7% in the third quarter. CVA Family Office LLC now owns 850 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 355 shares during the period. International Assets Investment Management LLC raised its holdings in UDR by 6,400.0% in the first quarter. International Assets Investment Management LLC now owns 975 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 960 shares during the period. Romano Brothers AND Company purchased a new position in UDR in the fourth quarter valued at approximately $43,000. Finally, Signaturefd LLC raised its holdings in UDR by 48.6% in the fourth quarter. Signaturefd LLC now owns 1,128 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 369 shares during the period. 92.09% of the stock is currently owned by hedge funds and other institutional investors.

UDR Company Profile

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UDR, Inc is a real estate investment trust, which owns, operates, acquires, renovates, develops, redevelops, disposes of, and manages multifamily apartment communities. It engages in the multi-family real estate investment trust business. The firm operates through the Same-Store Communities and Non-Mature Communities/Other segments.