UDR, Inc. (NYSE:UDR) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of UDR, Inc. (NYSE:UDR) have received a consensus recommendation of “Hold” from the eighteen brokerages that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $44.28.

UDR has been the subject of several analyst reports. Wells Fargo & Company boosted their price target on shares of UDR from $41.00 to $48.00 and gave the company an “overweight” rating in a report on Monday, August 26th. The Goldman Sachs Group began coverage on shares of UDR in a research note on Wednesday, September 4th. They set a “sell” rating and a $42.00 target price for the company. JPMorgan Chase & Co. upped their target price on shares of UDR from $43.00 to $50.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. Wedbush lifted their price target on UDR from $45.00 to $49.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on UDR from $40.00 to $44.00 and gave the stock a “hold” rating in a research report on Tuesday, September 10th.

Institutional Investors Weigh In On UDR

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Hummer Financial Advisory Services Inc boosted its stake in shares of UDR by 2.9% during the 1st quarter. Hummer Financial Advisory Services Inc now owns 12,057 shares of the real estate investment trust’s stock worth $451,000 after acquiring an additional 335 shares in the last quarter. Truist Financial Corp boosted its position in shares of UDR by 0.6% in the 2nd quarter. Truist Financial Corp now owns 66,673 shares of the real estate investment trust’s stock valued at $2,744,000 after purchasing an additional 414 shares during the period. Integrity Wealth Solutions LLC increased its stake in UDR by 8.2% in 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 in the last quarter. Covestor Ltd raised its holdings in UDR by 18.3% during the 1st quarter. Covestor Ltd now owns 3,336 shares of the real estate investment trust’s stock worth $125,000 after buying an additional 515 shares during the period. Finally, State of Alaska Department of Revenue lifted its stake in UDR by 0.3% during the first quarter. State of Alaska Department of Revenue now owns 189,355 shares of the real estate investment trust’s stock valued at $7,083,000 after buying an additional 551 shares in the last quarter. 97.84% of the stock is owned by institutional investors and hedge funds.

UDR Price Performance

Shares of UDR opened at $45.34 on Tuesday. UDR has a 52 week low of $30.95 and a 52 week high of $47.55. The company has a current ratio of 5.82, a quick ratio of 5.82 and a debt-to-equity ratio of 1.57. The firm has a market cap of $14.95 billion, a price-to-earnings ratio of 32.86, a PEG ratio of 9.86 and a beta of 0.85. The stock has a 50 day moving average of $43.37 and a 200-day moving average of $40.38.

UDR (NYSE:UDR) last issued its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.53). The business had revenue of $415.30 million during the quarter, compared to the consensus estimate of $413.75 million. UDR had a return on equity of 3.70% and a net margin of 8.34%. The business’s revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.61 EPS. As a group, analysts forecast that UDR will post 2.47 EPS for the current year.

UDR Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 10th will be issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date is Thursday, October 10th. UDR’s payout ratio 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.