UDR (NYSE:UDR) Lowered to Hold Rating by Jefferies Financial Group

Jefferies Financial Group lowered shares of UDR (NYSE:UDR - Free Report) from a buy rating to a hold rating in a research note published on Thursday, MarketBeat.com reports. Jefferies Financial Group currently has $45.00 price target on the real estate investment trust's stock, down from their previous price target of $50.00.

Several other research firms also recently issued reports on UDR. Deutsche Bank Aktiengesellschaft increased their target price on UDR from $40.00 to $44.00 and gave the stock a "hold" rating in a research report on Tuesday, September 10th. The Goldman Sachs Group initiated coverage on UDR in a report on Wednesday, September 4th. They set a "sell" rating and a $42.00 price objective on the stock. UBS Group lifted their target price on UDR from $48.00 to $52.00 and gave the company a "buy" rating in a report on Thursday, September 12th. Evercore ISI increased their price target 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. Finally, Scotiabank cut their price objective on shares of UDR from $49.00 to $48.00 and set a "sector perform" rating for the company in a research report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $45.94.

UDR Stock Performance

NYSE UDR traded down $0.88 during trading on Thursday, hitting $42.53. 2,187,944 shares of the company's stock traded hands, compared to its average volume of 2,411,074. The company has a debt-to-equity ratio of 1.69, a quick ratio of 5.91 and a current ratio of 5.91. The stock has a market capitalization of $14.03 billion, a price-to-earnings ratio of 114.95, a PEG ratio of 12.34 and a beta of 0.87. UDR has a 12-month low of $34.19 and a 12-month high of $47.55. The business has a 50 day moving average of $44.15 and a 200-day moving average of $43.34.

UDR Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, January 9th will be issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.00%. The ex-dividend date is Friday, January 10th. UDR's payout ratio is currently 459.46%.

Institutional Trading of UDR

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

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.