UDR (NYSE:UDR) Upgraded at StockNews.com

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

Several other research analysts have also recently commented on UDR. The Goldman Sachs Group started coverage on shares of UDR in a report on Wednesday, September 4th. They set a “sell” rating and a $42.00 target price for the company. Wells Fargo & Company raised their price objective on UDR from $41.00 to $48.00 and gave the company an “overweight” rating in a report on Monday, August 26th. JPMorgan Chase & Co. upped their target price on UDR from $43.00 to $50.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. Evercore ISI raised their price target on UDR from $42.00 to $43.00 and gave the company an “in-line” rating in a research note on Monday, September 9th. Finally, Royal Bank of Canada cut their price objective on UDR from $46.00 to $45.00 and set a “sector perform” rating for the company in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, UDR has an average rating of “Hold” and an average target price of $45.19.

UDR Stock Down 0.8 %

Shares of UDR stock opened at $44.47 on Thursday. The firm has a market cap of $14.67 billion, a PE ratio of 120.19, a P/E/G ratio of 12.34 and a beta of 0.87. The business’s 50 day simple moving average is $44.37 and its 200 day simple moving average is $42.93. The company has a debt-to-equity ratio of 1.69, a quick ratio of 5.91 and a current ratio of 5.91. UDR has a 52-week low of $34.19 and a 52-week high of $47.55.

UDR Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 10th were paid a $0.425 dividend. The ex-dividend date was Thursday, October 10th. This represents a $1.70 annualized dividend and a dividend yield of 3.82%. UDR’s dividend payout ratio (DPR) is presently 459.47%.

Institutional Investors Weigh In On UDR

Several institutional investors have recently made changes to their positions in UDR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of UDR by 862.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,086,964 shares of the real estate investment trust’s stock valued at $139,963,000 after buying an additional 2,766,172 shares in the last quarter. Mizuho Securities USA LLC increased its stake in UDR by 8,460.5% in the third quarter. Mizuho Securities USA LLC now owns 2,000,000 shares of the real estate investment trust’s stock valued at $90,680,000 after acquiring an additional 1,976,637 shares during the last quarter. Millennium Management LLC raised its position in UDR by 115.3% during the second quarter. Millennium Management LLC now owns 3,499,150 shares of the real estate investment trust’s stock valued at $143,990,000 after purchasing an additional 1,874,096 shares in the last quarter. FMR LLC raised its position in UDR by 14.8% during the third quarter. FMR LLC now owns 11,401,026 shares of the real estate investment trust’s stock valued at $516,923,000 after purchasing an additional 1,471,855 shares in the last quarter. Finally, APG Asset Management US Inc. acquired a new stake in shares of UDR in the 2nd quarter valued at $22,572,000. 97.84% of the stock is currently owned by institutional investors.

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.