UDR, Inc. (NYSE:UDR) Receives $46.35 Average Target Price from Brokerages

UDR, Inc. (NYSE:UDR) has received a consensus rating of “Hold” from the seventeen ratings firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $46.35.

Several research firms recently commented on UDR. Scotiabank decreased their price target on shares of UDR from $49.00 to $48.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 14th. Jefferies Financial Group lowered shares of UDR from a “buy” rating to a “hold” rating and decreased their target price for the stock from $50.00 to $45.00 in a research report on Thursday, January 2nd. Barclays began coverage on UDR in a research note on Tuesday, December 17th. They issued an “overweight” rating and a $50.00 price target for the company. JPMorgan Chase & Co. increased their price target on UDR from $43.00 to $50.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. Finally, Royal Bank of Canada dropped 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.

UDR Stock Performance

Shares of NYSE UDR opened at $40.12 on Thursday. UDR has a one year low of $34.19 and a one year high of $47.55. The company has a debt-to-equity ratio of 1.69, a current ratio of 5.91 and a quick ratio of 5.91. The firm has a market cap of $13.24 billion, a price-to-earnings ratio of 108.44, a P/E/G ratio of 12.34 and a beta of 0.89. The stock’s fifty day moving average price is $43.94 and its two-hundred day moving average price is $43.39.

UDR Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, January 9th will be given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.24%. The ex-dividend date of this dividend is Friday, January 10th. UDR’s payout ratio is 459.46%.

Institutional Investors Weigh In On UDR

Institutional investors and hedge funds have recently bought and sold shares of the stock. International Assets Investment Management LLC raised its position in shares of UDR by 4,436.2% in the third quarter. International Assets Investment Management LLC now owns 44,228 shares of the real estate investment trust’s stock valued at $2,005,000 after purchasing an additional 43,253 shares during the period. Los Angeles Capital Management LLC raised its holdings in UDR by 1,665.3% during the 3rd quarter. Los Angeles Capital Management LLC now owns 369,448 shares of the real estate investment trust’s stock valued at $16,751,000 after acquiring an additional 348,520 shares during the period. MQS Management LLC purchased a new stake in shares of UDR during the third quarter worth $712,000. JPMorgan Chase & Co. lifted its position in shares of 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 worth $352,498,000 after acquiring an additional 368,087 shares in the last quarter. Finally, Millennium Management LLC boosted its holdings in shares of UDR by 115.3% in the second quarter. Millennium Management LLC now owns 3,499,150 shares of the real estate investment trust’s stock worth $143,990,000 after acquiring an additional 1,874,096 shares during the period. 97.84% of the stock is owned by hedge funds and other institutional investors.

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.