UDR (NYSE:UDR) Downgraded to Sell Rating by StockNews.com

StockNews.com lowered shares of UDR (NYSE:UDR) from a hold rating to a sell rating in a research note issued to investors on Thursday morning.

UDR has been the topic of several other research reports. Scotiabank cut their price objective on UDR from $49.00 to $48.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of UDR from $40.00 to $44.00 and gave the stock a “hold” rating in a report on Tuesday, September 10th. JPMorgan Chase & Co. raised their price objective on shares of UDR from $43.00 to $50.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. Evercore ISI boosted their target price on shares of UDR from $42.00 to $43.00 and gave the company an “in-line” rating in a research note on Monday, September 9th. Finally, The Goldman Sachs Group started coverage on shares of UDR in a research note on Wednesday, September 4th. They set a “sell” rating and a $42.00 price target for the company. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $45.94.

UDR Stock Down 2.0 %

UDR stock opened at $42.53 on Thursday. UDR has a fifty-two week low of $34.19 and a fifty-two week high of $47.55. The company has a debt-to-equity ratio of 1.69, a quick ratio of 5.91 and a current ratio of 5.91. The firm’s 50-day simple moving average is $44.15 and its 200 day simple moving average is $43.34. The stock has a market cap of $14.03 billion, a PE ratio of 114.95, a price-to-earnings-growth ratio of 12.34 and a beta of 0.87.

UDR Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Thursday, January 9th will be given a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 4.00%. The ex-dividend date is Friday, January 10th. UDR’s payout ratio is 459.46%.

Hedge Funds Weigh In On UDR

A number of institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. grew its position 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 valued at $352,498,000 after acquiring an additional 368,087 shares during the last quarter. Inspire Trust Co. N.A. increased its stake in UDR by 12.3% in the 3rd quarter. Inspire Trust Co. N.A. now owns 27,415 shares of the real estate investment trust’s stock worth $1,243,000 after purchasing an additional 3,000 shares during the period. Tidal Investments LLC grew its holdings in shares of UDR by 25.5% in the third quarter. Tidal Investments LLC now owns 18,053 shares of the real estate investment trust’s stock worth $819,000 after purchasing an additional 3,665 shares during the last quarter. Unigestion Holding SA purchased a new stake in UDR during the 3rd quarter valued at $533,000. Finally, Toronto Dominion Bank increased its holdings in UDR by 68.4% during the 3rd quarter. Toronto Dominion Bank now owns 149,826 shares of the real estate investment trust’s stock valued at $6,793,000 after purchasing an additional 60,839 shares during the period. Institutional investors 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.