UDR, Inc. (NYSE:UDR) Receives Average Rating of "Hold" from Analysts

UDR, Inc. (NYSE:UDR - Get Free Report) has earned an average recommendation of "Hold" from the seventeen brokerages that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $46.35.

A number of research analysts have weighed in on the stock. Royal Bank of Canada cut their target price on shares of UDR from $46.00 to $45.00 and set a "sector perform" rating for the company in a research report on Tuesday, November 5th. Scotiabank cut their price objective on UDR from $49.00 to $48.00 and set a "sector perform" rating for the company in a research report on Thursday, November 14th. UBS Group increased their target price on UDR from $48.00 to $52.00 and gave the company a "buy" rating in a research note on Thursday, September 12th. StockNews.com downgraded UDR from a "hold" rating to a "sell" rating in a research report on Thursday, January 2nd. Finally, Barclays started coverage on UDR in a report on Tuesday, December 17th. They set an "overweight" rating and a $50.00 price target for the company.

Institutional Investors Weigh In On UDR

Several large investors have recently made changes to their positions in UDR. CWM LLC boosted its position in UDR by 10.0% in the third quarter. CWM LLC now owns 3,802 shares of the real estate investment trust's stock valued at $172,000 after buying an additional 347 shares in the last quarter. Empowered Funds LLC raised its stake in shares of UDR by 7.1% in the third quarter. Empowered Funds LLC now owns 5,246 shares of the real estate investment trust's stock valued at $238,000 after acquiring an additional 350 shares during the last quarter. Mather Group LLC. boosted its holdings in shares of UDR by 58.2% in the 3rd quarter. Mather Group LLC. now owns 998 shares of the real estate investment trust's stock worth $45,000 after acquiring an additional 367 shares in the last quarter. Truist Financial Corp grew its position in UDR by 0.6% during the 2nd quarter. Truist Financial Corp now owns 66,673 shares of the real estate investment trust's stock worth $2,744,000 after acquiring an additional 414 shares during the last quarter. Finally, TCV Trust & Wealth Management Inc. grew its position in UDR by 8.2% during the 3rd quarter. TCV Trust & Wealth Management Inc. now owns 5,589 shares of the real estate investment trust's stock worth $253,000 after acquiring an additional 424 shares during the last quarter. Institutional investors own 97.84% of the company's stock.

UDR Stock Performance

Shares of UDR stock traded up $0.13 during trading on Thursday, reaching $41.20. The company had a trading volume of 1,785,607 shares, compared to its average volume of 2,209,281. The firm's 50 day simple moving average is $43.96 and its two-hundred day simple moving average is $43.38. UDR has a one year low of $34.19 and a one year high of $47.55. The company has a debt-to-equity ratio of 1.69, a current ratio of 5.91 and a quick ratio of 5.91. The company has a market capitalization of $13.59 billion, a PE ratio of 111.35, a PEG ratio of 12.34 and a beta of 0.89.

UDR Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Thursday, January 9th will be given a dividend of $0.425 per share. The ex-dividend date is Friday, January 10th. This represents a $1.70 annualized dividend and a dividend yield of 4.13%. UDR's dividend payout ratio (DPR) is presently 459.46%.

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.