UDR, Inc. (NYSE:UDR) Receives $46.35 Average Target Price from Analysts

UDR, Inc. (NYSE:UDR) has been given a consensus rating of “Hold” by the seventeen brokerages that are currently covering the company, Marketbeat.com reports. One 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. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $46.35.

UDR has been the topic of several research reports. Barclays started coverage on shares of UDR in a report on Tuesday, December 17th. They set an “overweight” rating and a $50.00 price target on the stock. Mizuho decreased their target price on shares of UDR from $47.00 to $45.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Royal Bank of Canada dropped their price target on UDR from $46.00 to $45.00 and set a “sector perform” rating for the company in a research note on Tuesday, November 5th. Jefferies Financial Group lowered UDR from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $50.00 to $45.00 in a research report on Thursday, January 2nd. Finally, Scotiabank dropped their target price on UDR from $49.00 to $48.00 and set a “sector perform” rating for the company in a research report on Thursday, November 14th.

UDR Stock Performance

UDR stock opened at $41.05 on Thursday. The company has a quick ratio of 5.91, a current ratio of 5.91 and a debt-to-equity ratio of 1.69. The stock has a market cap of $13.54 billion, a PE ratio of 110.95, a P/E/G ratio of 10.92 and a beta of 0.89. UDR has a 12-month low of $34.19 and a 12-month high of $47.55. The business’s 50-day moving average price is $43.88 and its two-hundred day moving average price is $43.41.

UDR Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Thursday, January 9th will be paid a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 4.14%. The ex-dividend date of this dividend is Friday, January 10th. UDR’s dividend payout ratio is presently 459.47%.

Institutional Trading of UDR

A number of large investors have recently bought and sold shares of UDR. Los Angeles Capital Management LLC bought a new stake in shares of UDR during the 2nd quarter valued at about $861,000. Acadian Asset Management LLC bought a new position in shares of UDR during the 2nd quarter worth approximately $170,000. Quest Partners LLC acquired a new stake in shares of UDR during the 2nd quarter worth approximately $37,000. Prudential PLC bought a new stake in shares of UDR in the 2nd quarter valued at $216,000. Finally, Royal London Asset Management Ltd. lifted its position in shares of UDR by 16.5% during the 2nd quarter. Royal London Asset Management Ltd. now owns 159,759 shares of the real estate investment trust’s stock valued at $6,574,000 after acquiring an additional 22,648 shares during the period. 97.84% of the stock is currently 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.