UDR, Inc. (NYSE:UDR) Receives Consensus Recommendation of "Hold" from Analysts

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

A number of research analysts recently weighed in on the stock. Royal Bank of Canada raised their target price on shares of UDR from $43.00 to $44.00 and gave the company a "sector perform" rating in a report on Friday, February 7th. Barclays dropped their price objective on shares of UDR from $50.00 to $48.00 and set an "overweight" rating for the company in a research note on Friday, January 24th. Jefferies Financial Group cut shares of UDR from a "buy" rating to a "hold" rating and decreased their target price for the company from $50.00 to $45.00 in a research report on Thursday, January 2nd. Truist Financial lowered UDR from a "buy" rating to a "hold" rating and lifted their price target for the stock from $45.00 to $46.00 in a research report on Monday, March 10th. Finally, Evercore ISI boosted their price objective on UDR from $43.00 to $45.00 and gave the stock an "in-line" rating in a research note on Monday, February 10th.

Insiders Place Their Bets

In other UDR news, CEO Thomas W. Toomey sold 25,000 shares of the company's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $42.75, for a total value of $1,068,750.00. Following the completion of the sale, the chief executive officer now directly owns 824,716 shares in the company, valued at approximately $35,256,609. This represents a 2.94 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.73% of the stock is currently owned by company insiders.

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Institutional Trading of UDR

Institutional investors and hedge funds have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC increased its position in UDR by 16.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 10,739 shares of the real estate investment trust's stock valued at $466,000 after purchasing an additional 1,497 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in UDR in the fourth quarter worth approximately $42,073,000. Mackenzie Financial Corp raised its stake in UDR by 20.7% in the fourth quarter. Mackenzie Financial Corp now owns 13,605 shares of the real estate investment trust's stock worth $591,000 after buying an additional 2,331 shares in the last quarter. Toronto Dominion Bank lifted its holdings in UDR by 8.4% during the fourth quarter. Toronto Dominion Bank now owns 162,338 shares of the real estate investment trust's stock worth $7,047,000 after buying an additional 12,512 shares during the period. Finally, GF Fund Management CO. LTD. bought a new stake in UDR during the 4th quarter valued at $247,000. 97.84% of the stock is currently owned by institutional investors.

UDR Price Performance

Shares of UDR traded down $0.11 during trading hours on Tuesday, reaching $44.24. 1,467,650 shares of the stock traded hands, compared to its average volume of 2,021,768. The company has a market cap of $14.65 billion, a P/E ratio of 176.94, a price-to-earnings-growth ratio of 8.67 and a beta of 0.88. The company has a current ratio of 5.61, a quick ratio of 5.91 and a debt-to-equity ratio of 1.71. The company's 50-day moving average price is $43.00 and its two-hundred day moving average price is $43.77. UDR has a 52-week low of $35.14 and a 52-week high of $47.55.

UDR (NYSE:UDR - Get Free Report) last announced its quarterly earnings data 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%. On average, analysts anticipate that UDR will post 2.51 earnings per share for the current year.

UDR Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 10th will be issued a $0.43 dividend. This is a positive change from UDR's previous quarterly dividend of $0.43. The ex-dividend date is Thursday, April 10th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.89%. UDR's payout ratio is presently 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.