Analysts Set UDR, Inc. (NYSE:UDR) Target Price at $41.76

UDR, Inc. (NYSE:UDR) has received a consensus rating of “Hold” from the sixteen research firms that are currently covering the stock, MarketBeat reports. Ten investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $41.71.

Several brokerages recently commented on UDR. The Goldman Sachs Group began coverage on shares of UDR in a report on Thursday, February 22nd. They issued a “neutral” rating and a $39.00 price target for the company. Mizuho cut their price target on shares of UDR from $38.00 to $35.00 and set a “neutral” rating for the company in a report on Wednesday, February 28th. Deutsche Bank Aktiengesellschaft began coverage on shares of UDR in a report on Tuesday, January 30th. They issued a “hold” rating and a $40.00 price target for the company. Truist Financial cut their price target on shares of UDR from $45.00 to $42.00 and set a “buy” rating for the company in a report on Tuesday. Finally, Piper Sandler raised shares of UDR from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $34.00 to $40.00 in a report on Wednesday.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of UDR. Private Advisor Group LLC boosted its stake in UDR by 4.8% during the first quarter. Private Advisor Group LLC now owns 10,150 shares of the real estate investment trust’s stock worth $582,000 after buying an additional 461 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in UDR by 9.7% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 40,015 shares of the real estate investment trust’s stock worth $2,296,000 after buying an additional 3,535 shares during the period. Aviva PLC boosted its stake in UDR by 68.5% during the first quarter. Aviva PLC now owns 72,356 shares of the real estate investment trust’s stock worth $4,151,000 after buying an additional 29,403 shares during the period. Allianz Asset Management GmbH boosted its stake in UDR by 0.6% during the first quarter. Allianz Asset Management GmbH now owns 465,509 shares of the real estate investment trust’s stock worth $26,706,000 after buying an additional 2,630 shares during the period. Finally, Prudential PLC purchased a new position in shares of UDR in the first quarter valued at approximately $369,000. Hedge funds and other institutional investors own 97.84% of the company’s stock.

UDR Price Performance

NYSE:UDR opened at $37.18 on Tuesday. The firm has a market cap of $12.24 billion, a price-to-earnings ratio of 27.74, a price-to-earnings-growth ratio of 3.01 and a beta of 0.80. The company has a 50 day moving average price of $36.48 and a 200-day moving average price of $35.88. The company has a debt-to-equity ratio of 1.47, a current ratio of 5.15 and a quick ratio of 5.15. UDR has a 1-year low of $30.95 and a 1-year high of $44.02.

UDR Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Wednesday, April 10th will be given a $0.425 dividend. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $1.70 dividend on an annualized basis and a yield of 4.57%. This is a boost from UDR’s previous quarterly dividend of $0.42. UDR’s dividend payout ratio is presently 125.37%.

UDR Company Profile

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.