UDR (NYSE:UDR) PT Raised to $45.00

UDR (NYSE:UDR) had its target price increased by Scotiabank from $43.00 to $45.00 in a research note released on Monday morning, Benzinga reports. They currently have a sector perform rating on the real estate investment trust’s stock.

UDR has been the topic of a number of other research reports. BMO Capital Markets raised shares of UDR from a market perform rating to an outperform rating and upped their price target for the company from $39.00 to $45.00 in a research note on Monday, July 15th. Royal Bank of Canada cut their price objective on shares of UDR from $41.00 to $40.00 and set a sector perform rating on the stock in a research report on Thursday, August 1st. Truist Financial boosted their price objective on shares of UDR from $42.00 to $44.00 and gave the company a buy rating in a research report on Monday, June 24th. Morgan Stanley boosted their price objective on shares of UDR from $37.00 to $40.00 and gave the company an equal weight rating in a research report on Tuesday, May 14th. Finally, Wedbush boosted their price objective on shares of UDR from $45.00 to $49.00 and gave the company an outperform rating in a research report on Monday, August 5th. Eleven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of Hold and an average price target of $42.65.

UDR Stock Performance

Shares of NYSE UDR opened at $44.11 on Monday. The firm has a 50 day moving average of $41.42 and a 200 day moving average of $38.97. The company has a current ratio of 5.82, a quick ratio of 5.82 and a debt-to-equity ratio of 1.57. The firm has a market capitalization of $14.55 billion, a price-to-earnings ratio of 31.96, a price-to-earnings-growth ratio of 9.49 and a beta of 0.83. UDR has a 12-month low of $30.95 and a 12-month high of $44.51.

UDR (NYSE:UDR) last posted its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.53). UDR had a return on equity of 3.70% and a net margin of 8.34%. The firm had revenue of $415.30 million during the quarter, compared to the consensus estimate of $413.75 million. During the same quarter in the previous year, the company earned $0.61 earnings per share. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, research analysts anticipate that UDR will post 2.46 earnings per share for the current year.

UDR Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Wednesday, July 10th were given a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 3.85%. The ex-dividend date was Wednesday, July 10th. UDR’s payout ratio is currently 123.19%.

Insider Activity at UDR

In related news, CEO Thomas W. Toomey sold 90,000 shares of the stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $39.52, for a total value of $3,556,800.00. Following the completion of the transaction, the chief executive officer now directly owns 849,716 shares of the company’s stock, valued at approximately $33,580,776.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.73% of the stock is currently owned by insiders.

Hedge Funds Weigh In On UDR

Institutional investors have recently bought and sold shares of the business. Principal Securities Inc. acquired a new stake in shares of UDR during the 4th quarter worth approximately $26,000. Fidelis Capital Partners LLC purchased a new position in UDR in the 1st quarter valued at $26,000. Family Firm Inc. purchased a new position in UDR in the 2nd quarter valued at $26,000. Quest Partners LLC purchased a new position in UDR in the 4th quarter valued at $27,000. Finally, UMB Bank n.a. purchased a new position in UDR in the 2nd quarter valued at $33,000. 97.84% of the stock is owned by hedge funds and other institutional investors.

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.