UDR (NYSE:UDR) Lowered to "Hold" Rating by Truist Financial

Truist Financial cut shares of UDR (NYSE:UDR - Free Report) from a buy rating to a hold rating in a research note issued to investors on Monday morning, MarketBeat reports. They currently have $46.00 target price on the real estate investment trust's stock, up from their prior target price of $45.00.

UDR has been the topic of a number of other research reports. Barclays dropped their price target on shares of UDR from $50.00 to $48.00 and set an "overweight" rating on the stock in a research note on Friday, January 24th. StockNews.com raised shares of UDR from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. Evercore ISI lifted their price target on shares of UDR from $43.00 to $45.00 and gave the company an "in-line" rating in a research note on Monday, February 10th. Zelman & Associates reissued a "neutral" rating on shares of UDR in a research note on Thursday, February 13th. Finally, Wells Fargo & Company dropped their price target on shares of UDR from $48.00 to $45.00 and set an "overweight" rating on the stock in a research note on Friday, January 24th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, UDR presently has a consensus rating of "Hold" and a consensus price target of $46.12.

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UDR Stock Performance

Shares of NYSE:UDR traded down $0.25 during trading on Monday, hitting $44.24. 2,623,554 shares of the stock traded hands, compared to its average volume of 2,053,644. The company has a quick ratio of 5.91, a current ratio of 5.61 and a debt-to-equity ratio of 1.71. The company has a market cap of $14.65 billion, a price-to-earnings ratio of 176.94, a P/E/G ratio of 8.67 and a beta of 0.88. The company has a fifty day moving average price of $42.49 and a two-hundred day moving average price of $43.81. UDR has a 52-week low of $35.14 and a 52-week high of $47.55.

UDR (NYSE:UDR - Get Free Report) last posted its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share for the quarter, beating 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 predict that UDR will post 2.51 EPS for the current year.

UDR Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 9th were issued a dividend of $0.425 per share. The ex-dividend date was Friday, January 10th. This represents a $1.70 annualized dividend and a dividend yield of 3.84%. UDR's dividend payout ratio is presently 680.00%.

Insider Transactions at UDR

In other news, CEO Thomas W. Toomey sold 25,000 shares of UDR stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $42.75, for a total transaction of $1,068,750.00. Following the transaction, the chief executive officer now owns 824,716 shares in the company, valued at $35,256,609. The trade was a 2.94 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.73% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of UDR. Activest Wealth Management purchased a new position in shares of UDR during the 3rd quarter worth $27,000. Brooklyn Investment Group purchased a new stake in UDR in the 3rd quarter valued at about $33,000. Continuum Advisory LLC raised its holdings in UDR by 5,335.3% in the 3rd quarter. Continuum Advisory LLC now owns 924 shares of the real estate investment trust's stock valued at $41,000 after buying an additional 907 shares during the period. Smartleaf Asset Management LLC raised its holdings in UDR by 68.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,206 shares of the real estate investment trust's stock valued at $52,000 after buying an additional 491 shares during the period. Finally, Salem Investment Counselors Inc. raised its holdings in UDR by 62.7% in the 4th quarter. Salem Investment Counselors Inc. now owns 1,349 shares of the real estate investment trust's stock valued at $59,000 after buying an additional 520 shares during the period. 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.