UDR (NYSE:UDR) Stock Rating Lowered by Jefferies Financial Group

Jefferies Financial Group lowered shares of UDR (NYSE:UDR) from a buy rating to a hold rating in a report released on Thursday morning, Marketbeat Ratings reports. They currently have $45.00 target price on the real estate investment trust’s stock, down from their previous target price of $50.00.

UDR has been the topic of several other reports. Evercore ISI lifted their target price on UDR from $42.00 to $43.00 and gave the stock an “in-line” rating in a report on Monday, September 9th. Barclays started coverage on UDR in a report on Tuesday, December 17th. They set an “overweight” rating and a $50.00 price objective on the stock. Scotiabank lowered their target price 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. UBS Group lifted their price target on shares of UDR from $48.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, September 12th. Finally, JPMorgan Chase & Co. increased their price objective 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. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $45.94.

UDR Trading Down 2.0 %

Shares of NYSE UDR opened at $42.53 on Thursday. UDR has a twelve month low of $34.19 and a twelve month high of $47.55. The stock has a market cap of $14.03 billion, a price-to-earnings ratio of 114.95, a P/E/G ratio of 12.34 and a beta of 0.87. 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 company’s fifty day moving average is $44.15 and its 200-day moving average is $43.34.

UDR Announces Dividend

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

Institutional Trading of UDR

Hedge funds have recently made changes to their positions in the business. Activest Wealth Management bought a new position in shares of UDR in the third quarter valued at about $27,000. Brooklyn Investment Group bought a new position in UDR in the 3rd quarter valued at about $33,000. Rothschild Investment LLC acquired a new position in UDR during the second quarter valued at approximately $35,000. Quest Partners LLC bought a new stake in shares of UDR during the 2nd quarter worth $37,000. Finally, Continuum Advisory LLC lifted its position in shares of UDR by 5,335.3% during the 3rd quarter. Continuum Advisory LLC now owns 924 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 907 shares during the last quarter. 97.84% of the stock is owned by institutional investors and hedge funds.

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.