UDR (NYSE:UDR) Upgraded at StockNews.com

StockNews.com upgraded shares of UDR (NYSE:UDR) from a sell rating to a hold rating in a research report report published on Saturday.

Other analysts have also recently issued reports about the company. JPMorgan Chase & Co. raised their price target on UDR from $43.00 to $50.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. The Goldman Sachs Group assumed coverage on UDR in a research note on Wednesday, September 4th. They set a “sell” rating and a $42.00 target price for the company. BNP Paribas started coverage on shares of UDR in a research note on Wednesday, September 11th. They issued an “outperform” rating and a $49.00 price target on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of UDR from $40.00 to $44.00 and gave the stock a “hold” rating in a research report on Tuesday, September 10th. Finally, UBS Group increased their target price on shares of UDR from $48.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday, September 12th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $46.00.

UDR Stock Performance

Shares of NYSE:UDR opened at $43.46 on Friday. The company has a market cap of $14.34 billion, a PE ratio of 117.46, a P/E/G ratio of 12.34 and a beta of 0.87. The company’s 50 day moving average is $44.34 and its two-hundred day moving average is $43.16. UDR has a 52 week low of $34.19 and a 52 week high of $47.55. The company has a current ratio of 5.91, a quick ratio of 5.91 and a debt-to-equity ratio of 1.69.

UDR Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, January 9th will be issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date of this dividend is Thursday, January 9th. UDR’s payout ratio is currently 459.46%.

Institutional Trading of UDR

Several hedge funds have recently made changes to their positions in the company. Family Firm Inc. acquired a new stake in UDR in the second quarter valued at about $26,000. Activest Wealth Management acquired a new position in UDR during the third quarter worth $27,000. UMB Bank n.a. purchased a new position in UDR in the second quarter worth $33,000. Brooklyn Investment Group acquired a new stake in UDR in the third quarter valued at $33,000. Finally, Rothschild Investment LLC purchased a new stake in shares of UDR during the 2nd quarter worth $35,000. Institutional investors and hedge funds own 97.84% of the company’s stock.

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.