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

Shares of UDR, Inc. (NYSE:UDR - Get Free Report) have been given an average recommendation of "Hold" by the seventeen brokerages that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $45.18.

UDR has been the topic of several recent analyst reports. BNP Paribas started coverage on UDR in a report on Wednesday, September 11th. They set an "outperform" rating and a $49.00 price objective on the stock. The Goldman Sachs Group began coverage on UDR in a report on Wednesday, September 4th. They issued a "sell" rating and a $42.00 price target on the stock. Wells Fargo & Company increased their price objective on UDR from $41.00 to $48.00 and gave the stock an "overweight" rating in a report on Monday, August 26th. Scotiabank cut their target price on UDR from $49.00 to $48.00 and set a "sector perform" rating on the stock in a research note on Thursday, November 14th. Finally, Evercore ISI increased their target price on shares of UDR from $42.00 to $43.00 and gave the stock an "in-line" rating in a report on Monday, September 9th.

UDR Trading Down 0.8 %

UDR stock traded down $0.35 during mid-day trading on Wednesday, hitting $44.15. 278,106 shares of the company's stock were exchanged, compared to its average volume of 2,491,540. UDR has a fifty-two week low of $32.70 and a fifty-two week high of $47.55. The company has a quick ratio of 5.91, a current ratio of 5.91 and a debt-to-equity ratio of 1.69. The firm has a market capitalization of $14.57 billion, a P/E ratio of 120.27, a PEG ratio of 12.30 and a beta of 0.85. The company's 50 day simple moving average is $44.60 and its 200-day simple moving average is $42.23.

UDR Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th were issued a $0.425 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.70 annualized dividend and a dividend yield of 3.85%. UDR's dividend payout ratio is currently 459.46%.

Institutional Trading of UDR

A number of hedge funds have recently modified their holdings of the stock. Simplicity Wealth LLC acquired a new stake in UDR during the second quarter worth approximately $2,135,000. Bessemer Group Inc. boosted its stake in UDR by 2,250.3% in the 1st quarter. Bessemer Group Inc. now owns 37,416 shares of the real estate investment trust's stock valued at $1,399,000 after purchasing an additional 35,824 shares during the period. Lasalle Investment Management Securities LLC grew its holdings in UDR by 64.6% in the 1st quarter. Lasalle Investment Management Securities LLC now owns 1,447,425 shares of the real estate investment trust's stock valued at $54,148,000 after buying an additional 567,878 shares in the last quarter. Tidal Investments LLC increased its position in UDR by 149.7% during the 1st quarter. Tidal Investments LLC now owns 27,921 shares of the real estate investment trust's stock worth $1,045,000 after buying an additional 16,737 shares during the period. Finally, Swedbank AB acquired a new stake in shares of UDR during the first quarter worth $1,607,000. Institutional investors and hedge funds own 97.84% of the company's stock.

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.