Royal Bank of Canada Issues Pessimistic Forecast for UDR (NYSE:UDR) Stock Price

UDR (NYSE:UDR - Free Report) had its price target decreased by Royal Bank of Canada from $46.00 to $45.00 in a research report report published on Tuesday, Benzinga reports. Royal Bank of Canada currently has a sector perform rating on the real estate investment trust's stock.

Other equities research analysts have also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft raised their target price on shares of UDR from $40.00 to $44.00 and gave the stock a "hold" rating in a research note on Tuesday, September 10th. Scotiabank raised their price objective on shares of UDR from $45.00 to $49.00 and gave the company a "sector perform" rating in a research report on Monday, September 16th. Piper Sandler upped their target price on shares of UDR from $40.00 to $46.00 and gave the stock a "neutral" rating in a report on Monday, August 26th. UBS Group raised their price target on UDR from $48.00 to $52.00 and gave the company a "buy" rating in a report on Thursday, September 12th. Finally, BNP Paribas began coverage on shares of UDR in a report on Wednesday, September 11th. They issued an "outperform" rating and a $49.00 price target on the stock. One analyst has rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, UDR currently has an average rating of "Hold" and a consensus price target of $45.24.

UDR Stock Performance

UDR traded up $1.15 during midday trading on Tuesday, reaching $43.22. The company had a trading volume of 1,841,837 shares, compared to its average volume of 2,506,002. The business has a 50-day moving average of $44.66 and a two-hundred day moving average of $41.72. The company has a quick ratio of 5.91, a current ratio of 5.91 and a debt-to-equity ratio of 1.69. UDR has a 1 year low of $31.87 and a 1 year high of $47.55. The company has a market cap of $14.25 billion, a P/E ratio of 115.17, a P/E/G ratio of 9.02 and a beta of 0.85.

UDR Announces Dividend

The company also recently disclosed 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 of this dividend was Thursday, October 10th. This represents a $1.70 annualized dividend and a yield of 3.93%. UDR's dividend payout ratio (DPR) is currently 459.47%.

Hedge Funds Weigh In On UDR

Several institutional investors have recently made changes to their positions in the company. Fidelis Capital Partners LLC purchased a new stake in shares of UDR during the 1st quarter worth $26,000. Family Firm Inc. bought a new position in UDR in the second quarter worth about $26,000. UMB Bank n.a. purchased a new stake in shares of UDR during the second quarter valued at about $33,000. Rothschild Investment LLC bought a new stake in shares of UDR in the 2nd quarter valued at about $35,000. Finally, Quest Partners LLC purchased a new position in shares of UDR in the 2nd quarter worth approximately $37,000. Hedge funds and other institutional investors own 97.84% of the company's stock.

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.