UDR (NYSE:UDR) Lowered to “Sell” Rating by StockNews.com

StockNews.com downgraded shares of UDR (NYSE:UDR) from a hold rating to a sell rating in a report released on Thursday morning.

A number of other research firms have also recently commented on UDR. UBS Group boosted their target price on UDR from $48.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, September 12th. Scotiabank reduced their price objective on UDR from $49.00 to $48.00 and set a “sector perform” rating for the company in a research note on Thursday, November 14th. Barclays initiated coverage on UDR in a report on Tuesday, December 17th. They issued an “overweight” rating and a $50.00 price objective for the company. BNP Paribas started coverage on shares of UDR in a report on Wednesday, September 11th. They issued an “outperform” rating and a $49.00 target price on the stock. Finally, Jefferies Financial Group cut shares of UDR from a “buy” rating to a “hold” rating and decreased their price target for the stock from $50.00 to $45.00 in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, UDR has an average rating of “Hold” and a consensus price target of $45.94.

UDR Price Performance

Shares of NYSE:UDR opened at $43.08 on Thursday. UDR has a 12 month low of $34.19 and a 12 month high of $47.55. The firm has a market capitalization of $14.21 billion, a P/E ratio of 116.44, a P/E/G ratio of 12.34 and a beta of 0.87. The company has a debt-to-equity ratio of 1.69, a current ratio of 5.91 and a quick ratio of 5.91. The company’s fifty day moving average price is $44.13 and its 200 day moving average price is $43.36.

UDR Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 10th will be given a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 3.95%. The ex-dividend date is Friday, January 10th. UDR’s payout ratio is 459.46%.

Institutional Trading of UDR

Several hedge funds have recently modified their holdings of the business. International Assets Investment Management LLC raised its position in UDR by 4,436.2% in the third quarter. International Assets Investment Management LLC now owns 44,228 shares of the real estate investment trust’s stock worth $2,005,000 after acquiring an additional 43,253 shares in the last quarter. Los Angeles Capital Management LLC lifted its stake in shares of UDR by 1,665.3% in the third quarter. Los Angeles Capital Management LLC now owns 369,448 shares of the real estate investment trust’s stock valued at $16,751,000 after purchasing an additional 348,520 shares during the period. MQS Management LLC acquired a new stake in shares of UDR in the third quarter valued at about $712,000. JPMorgan Chase & Co. boosted its holdings in UDR by 5.0% during the third quarter. JPMorgan Chase & Co. now owns 7,774,541 shares of the real estate investment trust’s stock worth $352,498,000 after buying an additional 368,087 shares in the last quarter. Finally, Millennium Management LLC grew its position in UDR by 115.3% during the second quarter. Millennium Management LLC now owns 3,499,150 shares of the real estate investment trust’s stock worth $143,990,000 after buying an additional 1,874,096 shares during the period. 97.84% of the stock is owned by institutional investors and hedge funds.

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.