Analysts Set UDR, Inc. (NYSE:UDR) Price Target at $45.19

Shares of UDR, Inc. (NYSE:UDR) have been assigned a consensus recommendation of “Hold” from the sixteen analysts that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $46.00.

UDR has been the topic of several recent research reports. Evercore ISI increased their target price on UDR from $42.00 to $43.00 and gave the company an “in-line” rating in a research report on Monday, September 9th. The Goldman Sachs Group started coverage on UDR in a research report on Wednesday, September 4th. They set a “sell” rating and a $42.00 price objective on the stock. StockNews.com upgraded UDR from a “sell” rating to a “hold” rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. increased their price target on shares of UDR from $43.00 to $50.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. Finally, Wells Fargo & Company lifted their price objective on shares of UDR from $41.00 to $48.00 and gave the stock an “overweight” rating in a research report on Monday, August 26th.

UDR Price Performance

NYSE UDR opened at $44.41 on Friday. The company has a market cap of $14.65 billion, a PE ratio of 120.03, a P/E/G ratio of 12.34 and a beta of 0.87. The firm’s 50 day moving average price is $44.38 and its 200-day moving average price is $43.09. 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 company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 10th were given a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 3.83%. The ex-dividend date was Thursday, October 10th. UDR’s payout ratio is 459.47%.

Institutional Trading of UDR

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC lifted its stake in UDR by 25.9% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 7,847 shares of the real estate investment trust’s stock valued at $323,000 after acquiring an additional 1,612 shares during the period. Envestnet Portfolio Solutions Inc. lifted its position in UDR by 17.1% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 7,204 shares of the real estate investment trust’s stock valued at $296,000 after purchasing an additional 1,050 shares during the period. Blue Trust Inc. lifted its position in UDR by 1,018.3% during the second quarter. Blue Trust Inc. now owns 1,040 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 947 shares during the period. Fifth Third Bancorp boosted its holdings in UDR by 5.9% in the second quarter. Fifth Third Bancorp now owns 20,091 shares of the real estate investment trust’s stock valued at $827,000 after purchasing an additional 1,117 shares during the last quarter. Finally, GYL Financial Synergies LLC grew its position in UDR by 12.4% during the 2nd quarter. GYL Financial Synergies LLC now owns 56,149 shares of the real estate investment trust’s stock worth $2,311,000 after purchasing an additional 6,198 shares during the period. Institutional investors and hedge funds own 97.84% of the company’s stock.

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.