Shares of UDR, Inc. (NYSE:UDR - Get Free Report) have been given a consensus rating of "Hold" by the eighteen analysts that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $46.18.
UDR has been the subject of a number of analyst reports. Jefferies Financial Group downgraded shares of UDR from a "buy" rating to a "hold" rating and lowered their target price for the stock from $50.00 to $45.00 in a research note on Thursday, January 2nd. Royal Bank of Canada boosted their price objective on UDR from $43.00 to $44.00 and gave the company a "sector perform" rating in a research note on Friday, February 7th. Zelman & Associates reaffirmed a "neutral" rating on shares of UDR in a research note on Thursday, February 13th. Mizuho dropped their price target on UDR from $47.00 to $45.00 and set a "neutral" rating on the stock in a research note on Monday, January 6th. Finally, Barclays reduced their price objective on shares of UDR from $50.00 to $48.00 and set an "overweight" rating for the company in a research report on Friday, January 24th.
Read Our Latest Stock Analysis on UDR
Insider Transactions at UDR
In related news, CEO Thomas W. Toomey sold 25,000 shares of the firm's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $42.75, for a total transaction of $1,068,750.00. Following the completion of the sale, the chief executive officer now owns 824,716 shares in the company, valued at approximately $35,256,609. This trade represents a 2.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 3.73% of the company's stock.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in UDR. Townsquare Capital LLC raised its holdings in shares of UDR by 4.8% in the 4th quarter. Townsquare Capital LLC now owns 5,173 shares of the real estate investment trust's stock worth $225,000 after purchasing an additional 237 shares during the period. Exchange Traded Concepts LLC increased its position in UDR by 8.8% in the fourth quarter. Exchange Traded Concepts LLC now owns 3,330 shares of the real estate investment trust's stock worth $145,000 after buying an additional 269 shares during the last quarter. Empowered Funds LLC increased its position in UDR by 7.1% in the third quarter. Empowered Funds LLC now owns 5,246 shares of the real estate investment trust's stock worth $238,000 after buying an additional 350 shares during the last quarter. Continuum Advisory LLC raised its stake in shares of UDR by 38.0% in the fourth quarter. Continuum Advisory LLC now owns 1,275 shares of the real estate investment trust's stock valued at $55,000 after buying an additional 351 shares during the period. Finally, Smartleaf Asset Management LLC lifted its position in shares of UDR by 68.7% during 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 last quarter. 97.84% of the stock is currently owned by hedge funds and other institutional investors.
UDR Trading Up 1.9 %
NYSE:UDR traded up $0.87 during trading hours on Friday, hitting $46.05. 1,251,794 shares of the company were exchanged, compared to its average volume of 2,022,914. The stock has a market capitalization of $15.25 billion, a price-to-earnings ratio of 183.88, a price-to-earnings-growth ratio of 8.67 and a beta of 0.88. UDR has a one year low of $35.14 and a one year high of $47.55. The company has a fifty day simple moving average of $42.32 and a 200 day simple moving average of $43.69. The company has a current ratio of 5.61, a quick ratio of 5.91 and a debt-to-equity ratio of 1.71.
UDR (NYSE:UDR - Get Free Report) last announced its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 EPS for the quarter, beating the consensus estimate of $0.10 by $0.53. UDR had a return on equity of 2.65% and a net margin of 5.36%. Sell-side analysts expect that UDR will post 2.51 EPS for the current fiscal year.
UDR Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 9th were paid a $0.425 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.70 dividend on an annualized basis and a yield of 3.69%. UDR's dividend payout ratio (DPR) is presently 680.00%.
About UDR
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Get Free ReportUDR, 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.
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