Brokerages Set UDR, Inc. (NYSE:UDR) Target Price at $44.28

UDR, Inc. (NYSE:UDR - Get Free Report) has earned an average rating of "Hold" from the eighteen analysts that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $44.28.

Several research firms have recently weighed in on UDR. Deutsche Bank Aktiengesellschaft raised their price objective on UDR from $40.00 to $44.00 and gave the stock a "hold" rating in a research note on Tuesday, September 10th. BNP Paribas began coverage on UDR in a research note on Wednesday, September 11th. They issued an "outperform" rating and a $49.00 price target on the stock. Wells Fargo & Company upped their price objective on shares of UDR from $41.00 to $48.00 and gave the company an "overweight" rating in a research note on Monday, August 26th. BMO Capital Markets raised shares of UDR from a "market perform" rating to an "outperform" rating and lifted their target price for the stock from $39.00 to $45.00 in a research report on Monday, July 15th. Finally, JPMorgan Chase & Co. upped 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.

UDR Stock Performance

Shares of UDR traded down $0.64 during trading hours on Friday, reaching $43.87. 1,104,378 shares of the company's stock traded hands, compared to its average volume of 2,503,032. UDR has a twelve month low of $30.95 and a twelve month high of $47.55. The business's fifty day simple moving average is $44.63 and its two-hundred day simple moving average is $41.38. The company has a debt-to-equity ratio of 1.57, a current ratio of 5.82 and a quick ratio of 5.82. The firm has a market capitalization of $14.47 billion, a price-to-earnings ratio of 107.00, a P/E/G ratio of 9.70 and a beta of 0.85.

UDR (NYSE:UDR - Get Free Report) last posted its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.61 by ($0.53). UDR had a net margin of 8.34% and a return on equity of 3.70%. The company had revenue of $415.30 million for the quarter, compared to analyst estimates of $413.75 million. During the same quarter in the prior year, the business earned $0.61 EPS. UDR's revenue was up 2.7% compared to the same quarter last year. Analysts predict that UDR will post 2.47 earnings per share for the current year.

UDR Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 10th 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 3.88%. The ex-dividend date is Thursday, October 10th. UDR's dividend payout ratio (DPR) is currently 414.64%.

Hedge Funds Weigh In On UDR

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Capital Research Global Investors bought a new stake in UDR during the 1st quarter worth approximately $176,137,000. Millennium Management LLC grew its holdings in shares of 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 worth $143,990,000 after purchasing an additional 1,874,096 shares during the last quarter. Centersquare Investment Management LLC increased its stake in shares of UDR by 17.7% in the first quarter. Centersquare Investment Management LLC now owns 9,550,638 shares of the real estate investment trust's stock valued at $363,688,000 after buying an additional 1,433,463 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of UDR by 22.3% in the first quarter. Daiwa Securities Group Inc. now owns 7,467,881 shares of the real estate investment trust's stock valued at $279,373,000 after buying an additional 1,359,804 shares during the last quarter. Finally, PGGM Investments lifted its position in UDR by 38.2% during the 1st quarter. PGGM Investments now owns 3,211,724 shares of the real estate investment trust's stock worth $120,151,000 after buying an additional 887,060 shares in the last quarter. 97.84% of the stock is currently owned by institutional investors and hedge funds.

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.