Evercore ISI Boosts UDR (NYSE:UDR) Price Target to $45.00

UDR (NYSE:UDR - Free Report) had its target price hoisted by Evercore ISI from $43.00 to $45.00 in a research note published on Monday morning,Benzinga reports. The firm currently has an in-line rating on the real estate investment trust's stock.

UDR has been the topic of several other reports. StockNews.com upgraded UDR from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Jefferies Financial Group cut shares of UDR from a "buy" rating to a "hold" rating and dropped their price target for the stock from $50.00 to $45.00 in a research note on Thursday, January 2nd. Scotiabank dropped their price target on shares of UDR from $49.00 to $48.00 and set a "sector perform" rating for the company in a research report on Thursday, November 14th. Barclays cut their price objective on shares of UDR from $50.00 to $48.00 and set an "overweight" rating on the stock in a research report on Friday, January 24th. Finally, Mizuho decreased their price target on shares of UDR from $47.00 to $45.00 and set a "neutral" rating for the company in a research report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, UDR has an average rating of "Hold" and an average target price of $46.12.

UDR Stock Performance

UDR stock traded down $0.16 during midday trading on Monday, reaching $42.66. 617,940 shares of the company's stock traded hands, compared to its average volume of 1,964,805. The firm has a market capitalization of $14.07 billion, a PE ratio of 170.62, a price-to-earnings-growth ratio of 11.72 and a beta of 0.88. The company has a 50-day moving average price of $42.60 and a two-hundred day moving average price of $43.47. UDR has a 52 week low of $34.19 and a 52 week high of $47.55. The company has a debt-to-equity ratio of 1.71, a quick ratio of 5.91 and a current ratio of 1.32.

UDR (NYSE:UDR - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.53. UDR had a net margin of 5.36% and a return on equity of 2.65%. As a group, equities analysts anticipate that UDR will post 2.51 EPS for the current year.

UDR Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 9th were issued a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 3.99%. The ex-dividend date of this dividend was Friday, January 10th. UDR's payout ratio is 680.00%.

Hedge Funds Weigh In On UDR

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its position in UDR by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 50,809,731 shares of the real estate investment trust's stock valued at $2,205,650,000 after acquiring an additional 180,551 shares during the period. LPL Financial LLC lifted its position in shares of UDR by 8.8% in the fourth quarter. LPL Financial LLC now owns 110,621 shares of the real estate investment trust's stock worth $4,802,000 after purchasing an additional 8,931 shares in the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of UDR during the fourth quarter worth approximately $245,000. KLP Kapitalforvaltning AS acquired a new position in UDR in the 4th quarter valued at approximately $5,044,000. Finally, American Century Companies Inc. lifted its position in UDR by 3.4% in the 4th quarter. American Century Companies Inc. now owns 112,333 shares of the real estate investment trust's stock worth $4,876,000 after buying an additional 3,683 shares in the last quarter. 97.84% of the stock is owned by hedge funds and other 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.