UDR, Inc. (NYSE:UDR) Given Consensus Rating of "Hold" by Analysts

UDR, Inc. (NYSE:UDR - Get Free Report) has received an average rating of "Hold" from the eighteen brokerages that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $46.12.

Several equities research analysts have weighed in on UDR shares. StockNews.com upgraded UDR from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. Barclays dropped their price objective on UDR from $50.00 to $48.00 and set an "overweight" rating for the company in a report on Friday, January 24th. Wells Fargo & Company dropped their price objective on UDR from $48.00 to $45.00 and set an "overweight" rating for the company in a report on Friday, January 24th. Royal Bank of Canada increased their price objective on UDR from $43.00 to $44.00 and gave the stock a "sector perform" rating in a report on Friday, February 7th. Finally, Scotiabank increased their price objective on UDR from $48.00 to $49.00 and gave the stock a "sector perform" rating in a report on Friday, February 14th.

Insider Transactions at UDR

In other news, CEO Thomas W. Toomey sold 25,000 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $42.75, for a total value 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. This represents a 2.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.39% of the company's stock.

Hedge Funds Weigh In On UDR

Institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in UDR by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 50,809,731 shares of the real estate investment trust's stock worth $2,205,650,000 after acquiring an additional 180,551 shares during the period. Norges Bank purchased a new stake in UDR during the 4th quarter valued at approximately $1,273,442,000. Capital Research Global Investors grew its holdings in UDR by 64.1% during the 4th quarter. Capital Research Global Investors now owns 13,060,120 shares of the real estate investment trust's stock valued at $566,940,000 after buying an additional 5,101,668 shares in the last quarter. FMR LLC grew its holdings in UDR by 10.5% during the 4th quarter. FMR LLC now owns 12,592,458 shares of the real estate investment trust's stock valued at $546,639,000 after buying an additional 1,191,432 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in UDR by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 7,924,151 shares of the real estate investment trust's stock valued at $343,129,000 after buying an additional 220,293 shares in the last quarter. Institutional investors own 97.84% of the company's stock.

UDR Trading Up 1.2 %

UDR traded up $0.48 on Friday, hitting $42.02. 251,215 shares of the company were exchanged, compared to its average volume of 2,200,002. The firm has a fifty day simple moving average of $42.86 and a two-hundred day simple moving average of $43.18. The company has a debt-to-equity ratio of 1.71, a quick ratio of 5.91 and a current ratio of 5.61. UDR has a 12 month low of $36.61 and a 12 month high of $47.55. The stock has a market capitalization of $13.92 billion, a PE ratio of 168.08, a price-to-earnings-growth ratio of 8.67 and a beta of 0.78.

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

UDR Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be paid a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 4.09%. The ex-dividend date is Thursday, April 10th. This is a boost from UDR's previous quarterly dividend of $0.43. UDR's dividend payout ratio is 688.00%.

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.