UDR, Inc. (NYSE:UDR) Receives Average Recommendation of "Hold" from Brokerages

Shares of UDR, Inc. (NYSE:UDR - Get Free Report) have been assigned an average rating of "Hold" from the sixteen research firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $45.19.

Several research firms recently weighed in on UDR. BNP Paribas assumed coverage on shares of UDR in a research note on Wednesday, September 11th. They issued an "outperform" rating and a $49.00 target price for the company. JPMorgan Chase & Co. lifted their price objective on shares of UDR from $43.00 to $50.00 and gave the stock an "overweight" rating in a research report on Monday, September 16th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of UDR from $40.00 to $44.00 and gave the stock a "hold" rating in a research report on Tuesday, September 10th. Scotiabank reduced their price objective 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. Finally, Piper Sandler lifted their price objective on shares of UDR from $40.00 to $46.00 and gave the stock a "neutral" rating in a research report on Monday, August 26th.

Institutional Investors Weigh In On UDR

A number of large investors have recently made changes to their positions in UDR. Activest Wealth Management acquired a new position in UDR during the 3rd quarter worth $27,000. Family Firm Inc. acquired a new position in UDR during the 2nd quarter worth $26,000. Brooklyn Investment Group acquired a new position in UDR during the 3rd quarter worth $33,000. UMB Bank n.a. acquired a new position in UDR during the 2nd quarter worth $33,000. Finally, Rothschild Investment LLC acquired a new position in UDR during the 2nd quarter worth $35,000. 97.84% of the stock is currently owned by hedge funds and other institutional investors.

UDR Stock Down 0.8 %

UDR stock traded down $0.35 during mid-day trading on Friday, hitting $44.47. 1,283,922 shares of the company were exchanged, compared to its average volume of 1,515,888. The company has a debt-to-equity ratio of 1.69, a quick ratio of 5.91 and a current ratio of 5.91. The firm has a market cap of $14.67 billion, a P/E ratio of 120.19, a P/E/G ratio of 12.34 and a beta of 0.87. The firm's 50 day simple moving average is $44.37 and its 200 day simple moving average is $42.96. UDR has a 1-year low of $34.19 and a 1-year high of $47.55.

UDR Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th were issued a dividend of $0.425 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.82%. UDR's payout ratio is currently 459.47%.

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.