UDR, Inc. (NYSE:UDR) Receives Average Recommendation of “Hold” from Analysts

Shares of UDR, Inc. (NYSE:UDR) have been given a consensus rating of “Hold” by the seventeen brokerages that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $46.00.

Several analysts recently weighed in on UDR shares. Mizuho decreased their price objective on UDR from $47.00 to $45.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Jefferies Financial Group lowered shares of UDR from a “buy” rating to a “hold” rating and reduced their price target for the company from $50.00 to $45.00 in a report on Thursday, January 2nd. Scotiabank dropped their price objective on shares of UDR from $49.00 to $48.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 14th. Wells Fargo & Company reduced their price objective on shares of UDR from $48.00 to $45.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Finally, StockNews.com upgraded UDR from a “sell” rating to a “hold” rating in a report on Thursday.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Sequoia Financial Advisors LLC grew its holdings in shares of UDR by 11.3% during the fourth quarter. Sequoia Financial Advisors LLC now owns 7,676 shares of the real estate investment trust’s stock valued at $333,000 after buying an additional 779 shares during the last quarter. GC Wealth Management RIA LLC grew its stake in UDR by 21.3% during the 4th quarter. GC Wealth Management RIA LLC now owns 9,088 shares of the real estate investment trust’s stock valued at $395,000 after purchasing an additional 1,595 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of UDR by 24.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 299,351 shares of the real estate investment trust’s stock valued at $12,995,000 after purchasing an additional 59,725 shares during the period. Amundi increased its holdings in shares of UDR by 22.8% in the fourth quarter. Amundi now owns 1,655,179 shares of the real estate investment trust’s stock valued at $68,226,000 after purchasing an additional 307,823 shares during the period. Finally, Naviter Wealth LLC purchased a new position in shares of UDR in the fourth quarter worth about $714,000. Hedge funds and other institutional investors own 97.84% of the company’s stock.

UDR Stock Performance

Shares of NYSE:UDR opened at $42.91 on Monday. The firm’s 50 day simple moving average is $42.71 and its 200-day simple moving average is $43.43. The company has a debt-to-equity ratio of 1.69, a quick ratio of 5.91 and a current ratio of 5.91. UDR has a one year low of $34.19 and a one year high of $47.55. The firm has a market cap of $14.16 billion, a PE ratio of 115.98, a price-to-earnings-growth ratio of 11.38 and a beta of 0.88.

UDR (NYSE:UDR) last announced its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.53. UDR had a return on equity of 3.57% and a net margin of 7.68%. As a group, equities analysts predict that UDR will post 2.48 EPS for the current year.

UDR Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 9th were paid a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date of this dividend was Friday, January 10th. UDR’s dividend payout ratio (DPR) is presently 459.47%.

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.