UBS Group Increases UDR (NYSE:UDR) Price Target to $48.00

UDR (NYSE:UDR) had its price objective increased by UBS Group from $44.00 to $48.00 in a research note issued to investors on Thursday morning, Benzinga reports. They currently have a buy rating on the real estate investment trust’s stock.

Several other equities research analysts have also commented on the stock. Mizuho upped their price target on shares of UDR from $35.00 to $38.00 and gave the company a neutral rating in a research report on Thursday, May 30th. Wedbush upped their target price on shares of UDR from $40.00 to $45.00 and gave the company an outperform rating in a report on Monday, May 6th. BMO Capital Markets upgraded shares of UDR from a market perform rating to an outperform rating and lifted their price target for the stock from $39.00 to $45.00 in a research note on Monday, July 15th. Wells Fargo & Company upped their price objective on UDR from $39.00 to $41.00 and gave the stock an overweight rating in a research note on Friday, May 31st. Finally, JPMorgan Chase & Co. lifted their target price on UDR from $42.00 to $43.00 and gave the company an overweight rating in a research report on Monday, June 17th. Eleven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of Hold and an average price target of $41.17.

UDR Stock Performance

Shares of UDR opened at $41.52 on Thursday. UDR has a one year low of $30.95 and a one year high of $43.67. The business has a fifty day moving average of $40.04 and a 200 day moving average of $38.04. The company has a debt-to-equity ratio of 1.49, a current ratio of 6.61 and a quick ratio of 6.61. The firm has a market capitalization of $13.67 billion, a P/E ratio of 30.09, a PEG ratio of 9.16 and a beta of 0.83.

UDR Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 10th will be paid a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 4.09%. The ex-dividend date of this dividend is Wednesday, July 10th. UDR’s payout ratio is currently 123.19%.

Insider Buying and Selling at UDR

In other news, SVP Michael D. Lacy sold 4,500 shares of UDR stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $38.17, for a total value of $171,765.00. Following the sale, the senior vice president now directly owns 8,566 shares of the company’s stock, valued at $326,964.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, SVP Michael D. Lacy sold 4,500 shares of the stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $38.17, for a total transaction of $171,765.00. Following the completion of the transaction, the senior vice president now directly owns 8,566 shares in the company, valued at approximately $326,964.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Thomas W. Toomey sold 90,000 shares of the business’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $39.52, for a total transaction of $3,556,800.00. Following the completion of the sale, the chief executive officer now owns 849,716 shares in the company, valued at approximately $33,580,776.32. The disclosure for this sale can be found here. Insiders own 3.73% of the company’s stock.

Institutional Trading of UDR

Hedge funds have recently made changes to their positions in the business. Cerity Partners LLC boosted its stake in shares of UDR by 0.3% during the 4th quarter. Cerity Partners LLC now owns 102,605 shares of the real estate investment trust’s stock worth $3,929,000 after purchasing an additional 313 shares during the period. Allworth Financial LP lifted its position in UDR by 20.1% during the 4th quarter. Allworth Financial LP now owns 1,943 shares of the real estate investment trust’s stock worth $74,000 after acquiring an additional 325 shares during the period. Hummer Financial Advisory Services Inc boosted its position in UDR by 2.9% in the first quarter. Hummer Financial Advisory Services Inc now owns 12,057 shares of the real estate investment trust’s stock valued at $451,000 after buying an additional 335 shares during the last quarter. Integrity Wealth Solutions LLC grew its position in UDR by 8.2% during the 1st quarter. Integrity Wealth Solutions LLC now owns 6,409 shares of the real estate investment trust’s stock worth $240,000 after purchasing an additional 484 shares during the period. Finally, Covestor Ltd grew its holdings in UDR by 18.3% during the first quarter. Covestor Ltd now owns 3,336 shares of the real estate investment trust’s stock worth $125,000 after acquiring an additional 515 shares during the period. 97.84% of the stock is currently owned by hedge funds and other institutional investors.

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.