UDR (NYSE:UDR) Price Target Raised to $49.00

UDR (NYSE:UDR - Free Report) had its price objective increased by Scotiabank from $48.00 to $49.00 in a research note published on Friday morning,Benzinga reports. Scotiabank currently has a sector perform rating on the real estate investment trust's stock.

A number of other analysts have also recently commented on UDR. Evercore ISI boosted their price objective on UDR from $43.00 to $45.00 and gave the company an "in-line" rating in a research report on Monday, February 10th. StockNews.com raised shares of UDR from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. Royal Bank of Canada increased their price objective 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. Mizuho dropped their target price on shares of UDR from $47.00 to $45.00 and set a "neutral" rating on the stock in a research report on Monday, January 6th. Finally, Barclays reduced their price target on shares of UDR from $50.00 to $48.00 and set an "overweight" rating for the company in a research report on Friday, January 24th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $46.18.

UDR Stock Performance

Shares of UDR traded up $0.09 during trading hours on Friday, hitting $43.04. The stock had a trading volume of 1,388,324 shares, compared to its average volume of 1,917,809. The firm has a 50-day moving average price of $42.41 and a 200 day moving average price of $43.55. UDR has a fifty-two week low of $34.76 and a fifty-two week high of $47.55. The firm has a market capitalization of $14.20 billion, a price-to-earnings ratio of 172.16, a PEG ratio of 11.72 and a beta of 0.88. The company has a debt-to-equity ratio of 1.71, a quick ratio of 5.91 and a current ratio of 1.32.

UDR (NYSE:UDR - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share for the quarter, topping analysts' consensus estimates of $0.10 by $0.53. UDR had a net margin of 5.36% and a return on equity of 2.65%. As a group, research analysts anticipate that UDR will post 2.51 EPS for the current year.

UDR Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 9th were given a dividend of $0.425 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.70 annualized dividend and a dividend yield of 3.95%. UDR's payout ratio is 680.00%.

Institutional Investors Weigh In On UDR

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank acquired a new position in shares of UDR in the 4th quarter valued at $1,273,442,000. Capital Research Global Investors boosted its position in shares of UDR by 64.1% during the fourth quarter. Capital Research Global Investors now owns 13,060,120 shares of the real estate investment trust's stock worth $566,940,000 after buying an additional 5,101,668 shares during the period. Invesco Ltd. grew its stake in shares of UDR by 92.0% in the fourth quarter. Invesco Ltd. now owns 7,535,234 shares of the real estate investment trust's stock valued at $327,104,000 after buying an additional 3,609,925 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of UDR by 862.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,086,964 shares of the real estate investment trust's stock valued at $139,963,000 after buying an additional 2,766,172 shares during the period. Finally, Mizuho Securities USA LLC lifted its stake in UDR by 8,460.5% during the 3rd quarter. Mizuho Securities USA LLC now owns 2,000,000 shares of the real estate investment trust's stock worth $90,680,000 after acquiring an additional 1,976,637 shares in the last quarter. 97.84% of the stock is currently owned by institutional investors and hedge funds.

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.