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

UDR, Inc. (NYSE:UDR) has been given an average recommendation of “Hold” by the eighteen brokerages that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $46.12.

A number of equities research analysts have weighed in on UDR shares. Scotiabank lifted their price objective on UDR from $48.00 to $49.00 and gave the company a “sector perform” rating in a report on Friday, February 14th. Wells Fargo & Company decreased their target price on UDR from $48.00 to $45.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Royal Bank of Canada increased their price objective on shares of UDR from $43.00 to $44.00 and gave the stock a “sector perform” rating in a research note on Friday, February 7th. Truist Financial lowered UDR from a “buy” rating to a “hold” rating and upped their price objective for the company from $45.00 to $46.00 in a research note on Monday, March 10th. Finally, Barclays reduced their price objective on UDR from $50.00 to $48.00 and set an “overweight” rating for the company in a report on Friday, January 24th.

UDR Price Performance

UDR opened at $44.35 on Tuesday. The company has a current ratio of 5.61, a quick ratio of 5.91 and a debt-to-equity ratio of 1.71. The stock has a market cap of $14.68 billion, a price-to-earnings ratio of 177.38, a PEG ratio of 8.67 and a beta of 0.88. The stock has a fifty day moving average price of $42.82 and a 200 day moving average price of $43.77. UDR has a 1 year low of $35.14 and a 1 year high of $47.55.

UDR (NYSE:UDR) last posted its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.53. UDR had a return on equity of 2.65% and a net margin of 5.36%. Analysts forecast that UDR will post 2.51 EPS for the current fiscal year.

UDR Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th will be given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.88%. The ex-dividend date is Thursday, April 10th. This is a positive change from UDR’s previous quarterly dividend of $0.43. UDR’s payout ratio is 688.00%.

Insider Buying and Selling at UDR

In other UDR news, CEO Thomas W. Toomey sold 25,000 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $42.75, for a total transaction of $1,068,750.00. Following the transaction, the chief executive officer now directly owns 824,716 shares in the company, valued at approximately $35,256,609. This represents a 2.94 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.73% of the company’s stock.

Institutional Investors Weigh In On UDR

Large investors have recently bought and sold shares of the stock. Townsquare Capital LLC lifted its holdings in shares of UDR by 4.8% in the 4th quarter. Townsquare Capital LLC now owns 5,173 shares of the real estate investment trust’s stock worth $225,000 after purchasing an additional 237 shares in the last quarter. Exchange Traded Concepts LLC lifted its holdings in UDR by 8.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 3,330 shares of the real estate investment trust’s stock worth $145,000 after acquiring an additional 269 shares during the period. Empowered Funds LLC raised its stake in shares of UDR by 7.1% during the 3rd quarter. Empowered Funds LLC now owns 5,246 shares of the real estate investment trust’s stock worth $238,000 after purchasing an additional 350 shares during the period. Continuum Advisory LLC increased its position in UDR by 38.0% in the fourth quarter. Continuum Advisory LLC now owns 1,275 shares of the real estate investment trust’s stock worth $55,000 after buying an additional 351 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in UDR by 68.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,206 shares of the real estate investment trust’s stock valued at $52,000 after purchasing an additional 491 shares during the last quarter. 97.84% of the stock is currently 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.