UDR, Inc. (NYSE:UDR) Given Consensus Recommendation of "Hold" by Brokerages

Shares of UDR, Inc. (NYSE:UDR - Get Free Report) have been assigned an average rating of "Hold" from the seventeen research firms that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $46.06.

A number of equities research analysts recently commented on UDR shares. Wells Fargo & Company decreased their target price on UDR from $48.00 to $45.00 and set an "overweight" rating for the company in a report on Friday, January 24th. Barclays decreased their target price on UDR from $50.00 to $48.00 and set an "overweight" rating for the company in a report on Friday, January 24th. Royal Bank of Canada decreased their target price on UDR from $46.00 to $45.00 and set a "sector perform" rating for the company in a report on Tuesday, November 5th. StockNews.com downgraded UDR from a "hold" rating to a "sell" rating in a report on Thursday, January 2nd. Finally, Mizuho decreased their price target on UDR from $47.00 to $45.00 and set a "neutral" rating for the company in a report on Monday, January 6th.

UDR Price Performance

Shares of UDR stock opened at $41.74 on Monday. The company has a debt-to-equity ratio of 1.69, a quick ratio of 5.91 and a current ratio of 5.91. UDR has a fifty-two week low of $34.19 and a fifty-two week high of $47.55. The firm has a market capitalization of $13.77 billion, a price-to-earnings ratio of 112.81, a PEG ratio of 11.12 and a beta of 0.89. The stock's 50-day simple moving average is $43.02 and its 200-day simple moving average is $43.43.

UDR Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 9th were given a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.07%. The ex-dividend date of this dividend was Friday, January 10th. UDR's dividend payout ratio (DPR) is presently 459.47%.

Institutional Trading of UDR

Large investors have recently made changes to their positions in the company. International Assets Investment Management LLC grew its holdings in UDR by 4,436.2% in the 3rd quarter. International Assets Investment Management LLC now owns 44,228 shares of the real estate investment trust's stock valued at $2,005,000 after buying an additional 43,253 shares in the last quarter. Los Angeles Capital Management LLC grew its holdings in UDR by 1,665.3% in the 3rd quarter. Los Angeles Capital Management LLC now owns 369,448 shares of the real estate investment trust's stock valued at $16,751,000 after buying an additional 348,520 shares in the last quarter. MQS Management LLC purchased a new stake in UDR in the 3rd quarter valued at $712,000. JPMorgan Chase & Co. grew its holdings in UDR by 5.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,774,541 shares of the real estate investment trust's stock valued at $352,498,000 after buying an additional 368,087 shares in the last quarter. Finally, BSN CAPITAL PARTNERS Ltd purchased a new stake in UDR in the 3rd quarter valued at $10,987,000. 97.84% of the stock is currently owned by hedge funds and other institutional investors.

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.

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