UDR (NYSE:UDR) Price Target Raised to $45.00

UDR (NYSE:UDR) had its price objective lifted by Evercore ISI from $43.00 to $45.00 in a report released on Monday morning,Benzinga reports. They currently have an in-line rating on the real estate investment trust’s stock.

A number of other equities research analysts also recently commented on the company. Wells Fargo & Company decreased their target price on UDR from $48.00 to $45.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. StockNews.com upgraded UDR from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Mizuho reduced their price objective on UDR from $47.00 to $45.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Scotiabank reduced their price objective 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, Jefferies Financial Group cut UDR from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $50.00 to $45.00 in a research note on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $46.12.

UDR Price Performance

NYSE:UDR opened at $42.56 on Monday. The company has a current ratio of 1.32, a quick ratio of 5.91 and a debt-to-equity ratio of 1.71. The company has a market capitalization of $14.04 billion, a P/E ratio of 170.24, a P/E/G ratio of 11.72 and a beta of 0.88. UDR has a 12 month low of $34.19 and a 12 month high of $47.55. The business’s 50-day moving average is $42.56 and its 200 day moving average is $43.48.

UDR (NYSE:UDR) last posted its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.53. UDR had a return on equity of 2.65% and a net margin of 5.36%. On average, equities research analysts forecast that UDR will post 2.51 earnings per share for the current fiscal year.

UDR Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 9th were paid a dividend of $0.425 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.99%. UDR’s dividend payout ratio is 680.00%.

Institutional Trading of UDR

Large investors have recently modified their holdings of the company. International Assets Investment Management LLC boosted its holdings in shares of UDR by 4,436.2% in the third quarter. International Assets Investment Management LLC now owns 44,228 shares of the real estate investment trust’s stock valued at $2,005,000 after purchasing an additional 43,253 shares during the period. Los Angeles Capital Management LLC boosted its holdings in shares of UDR by 1,665.3% in the third quarter. Los Angeles Capital Management LLC now owns 369,448 shares of the real estate investment trust’s stock valued at $16,751,000 after purchasing an additional 348,520 shares during the period. MQS Management LLC purchased a new stake in shares of UDR in the third quarter valued at approximately $712,000. JPMorgan Chase & Co. boosted its holdings in shares of UDR by 5.0% in the third quarter. JPMorgan Chase & Co. now owns 7,774,541 shares of the real estate investment trust’s stock valued at $352,498,000 after purchasing an additional 368,087 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of UDR by 7.0% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 95,344 shares of the real estate investment trust’s stock valued at $4,139,000 after purchasing an additional 6,217 shares during the period. Hedge funds and other institutional investors 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.