Analysts Set UDR, Inc. (NYSE:UDR) Target Price at $46.18

UDR, Inc. (NYSE:UDR) has received a consensus rating of “Hold” from the eighteen ratings firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $46.18.

UDR has been the subject of several analyst reports. Barclays decreased their target price on UDR from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Jefferies Financial Group cut UDR from a “buy” rating to a “hold” rating and decreased their price target for the stock from $50.00 to $45.00 in a report on Thursday, January 2nd. Zelman & Associates reissued a “neutral” rating on shares of UDR in a research report on Thursday, February 13th. Scotiabank upped their target price on shares of UDR from $48.00 to $49.00 and gave the company a “sector perform” rating in a research note on Friday, February 14th. Finally, StockNews.com raised shares of UDR from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th.

UDR Stock Down 2.1 %

UDR opened at $44.24 on Friday. The company has a market cap of $14.65 billion, a PE ratio of 176.97, a price-to-earnings-growth ratio of 8.67 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 5.61. UDR has a 1 year low of $35.14 and a 1 year high of $47.55. The firm has a 50 day moving average price of $42.44 and a 200 day moving average price of $43.76.

UDR (NYSE:UDR) last issued its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 EPS for the quarter, beating 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%. Sell-side analysts expect that UDR will post 2.51 earnings per share for the current year.

UDR Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 9th were paid a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 3.84%. The ex-dividend date was Friday, January 10th. UDR’s dividend payout ratio (DPR) is presently 680.00%.

Insiders Place Their Bets

In other news, CEO Thomas W. Toomey sold 25,000 shares of UDR stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $42.75, for a total value of $1,068,750.00. Following the completion of the transaction, the chief executive officer now directly owns 824,716 shares of the company’s stock, valued at approximately $35,256,609. The trade was a 2.94 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 3.73% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On UDR

Several institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of UDR by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 50,809,731 shares of the real estate investment trust’s stock valued at $2,205,650,000 after purchasing an additional 180,551 shares during the last quarter. Norges Bank acquired a new position in UDR during the 4th quarter valued at approximately $1,273,442,000. Capital Research Global Investors grew its stake in UDR by 64.1% during the 4th 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 last quarter. FMR LLC increased its position in UDR by 10.5% in the fourth quarter. FMR LLC now owns 12,592,458 shares of the real estate investment trust’s stock worth $546,639,000 after buying an additional 1,191,432 shares during the period. Finally, Geode Capital Management LLC increased its position in UDR by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 7,924,151 shares of the real estate investment trust’s stock worth $343,129,000 after buying an additional 220,293 shares during the period. Institutional investors and hedge funds 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.