UDR, Inc. (NYSE:UDR) Receives Average Recommendation of “Hold” from Analysts

Shares of UDR, Inc. (NYSE:UDR) have received an average rating of “Hold” from the seventeen brokerages that are presently covering the stock, Marketbeat.com reports. Eleven analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $41.44.

Several research firms have recently weighed in on UDR. Morgan Stanley reaffirmed an “equal weight” rating and set a $37.00 price objective on shares of UDR in a report on Monday, February 26th. The Goldman Sachs Group assumed 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. UBS Group upgraded UDR from a “neutral” rating to a “buy” rating and increased their target price for the stock from $38.00 to $44.00 in a report on Thursday, April 25th. Barclays cut UDR from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $46.00 to $37.00 in a report on Tuesday, February 20th. Finally, Scotiabank downgraded shares of UDR from a “sector outperform” rating to a “sector perform” rating and set a $39.00 price target on the stock. in a research report on Wednesday.

Institutional Investors Weigh In On UDR

A number of institutional investors and hedge funds have recently added to or reduced their stakes in UDR. Principal Securities Inc. bought a new stake in shares of UDR in the 4th quarter valued at about $26,000. Fidelis Capital Partners LLC bought a new stake in UDR in the first quarter valued at approximately $26,000. Quest Partners LLC acquired a new stake in UDR in the fourth quarter worth $27,000. Parkside Financial Bank & Trust boosted its position in shares of 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 purchasing an additional 754 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its holdings in shares of UDR by 87.3% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,435 shares of the real estate investment trust’s stock valued at $55,000 after buying an additional 669 shares during the period. Institutional investors own 97.84% of the company’s stock.

UDR Stock Up 1.8 %

Shares of NYSE:UDR opened at $38.23 on Friday. The company’s fifty day moving average is $36.87 and its 200-day moving average is $36.01. The company has a debt-to-equity ratio of 1.49, a quick ratio of 5.15 and a current ratio of 6.61. UDR has a 52 week low of $30.95 and a 52 week high of $44.02. The company has a market capitalization of $12.59 billion, a PE ratio of 27.70, a P/E/G ratio of 3.01 and a beta of 0.79.

UDR Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Wednesday, April 10th were given a $0.425 dividend. This is a positive change from UDR’s previous quarterly dividend of $0.42. This represents a $1.70 annualized dividend and a dividend yield of 4.45%. The ex-dividend date of this dividend was Tuesday, April 9th. UDR’s dividend payout ratio (DPR) is currently 123.19%.

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.