UDR (NYSE:UDR) PT Raised to $44.00

UDR (NYSE:UDR) had its price target hoisted by Truist Financial from $42.00 to $44.00 in a research report released on Monday, Benzinga reports. They currently have a buy rating on the real estate investment trust’s stock.

Other equities research analysts have also recently issued research reports about the stock. Piper Sandler raised shares of UDR from an underweight rating to a neutral rating and lifted their target price for the stock from $34.00 to $40.00 in a research note on Wednesday, April 10th. Mizuho increased their price objective on shares of UDR from $35.00 to $38.00 and gave the company a neutral rating in a report on Thursday, May 30th. JPMorgan Chase & Co. boosted their target price on UDR from $42.00 to $43.00 and gave the stock an overweight rating in a report on Monday, June 17th. UBS Group raised UDR from a neutral rating to a buy rating and increased their price target for the company from $38.00 to $44.00 in a report on Thursday, April 25th. Finally, Scotiabank upped their target price on UDR from $39.00 to $42.00 and gave the company a sector perform rating in a report on Tuesday, May 14th. Eleven research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of Hold and an average target price of $40.71.

UDR Stock Performance

NYSE UDR opened at $40.46 on Monday. The company has a debt-to-equity ratio of 1.49, a current ratio of 6.61 and a quick ratio of 6.61. The stock’s 50 day simple moving average is $38.91 and its 200-day simple moving average is $37.62. The company has a market cap of $13.32 billion, a PE ratio of 29.32, a price-to-earnings-growth ratio of 9.00 and a beta of 0.81. UDR has a 1-year low of $30.95 and a 1-year high of $44.02.

UDR Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 10th will be issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date is Wednesday, July 10th. UDR’s dividend payout ratio (DPR) is currently 123.19%.

Insiders Place Their Bets

In other UDR news, CEO Thomas W. Toomey sold 90,000 shares of the business’s stock in a transaction 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 owns 849,716 shares in the company, valued at $33,580,776.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other UDR news, CEO Thomas W. Toomey sold 90,000 shares of the stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $39.52, for a total value of $3,556,800.00. Following the sale, the chief executive officer now owns 849,716 shares of the company’s stock, valued at approximately $33,580,776.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Michael D. Lacy sold 4,500 shares of UDR stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $38.17, for a total value of $171,765.00. Following the completion of the transaction, the senior vice president now owns 8,566 shares of the company’s stock, valued at approximately $326,964.22. The disclosure for this sale can be found here. 3.73% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Principal Securities Inc. purchased a new stake in shares of UDR during the 4th quarter worth $26,000. Fidelis Capital Partners LLC acquired a new position in shares of UDR during the 1st quarter worth about $26,000. Quest Partners LLC purchased a new position in shares of UDR in the 4th quarter valued at about $27,000. Parkside Financial Bank & Trust raised its position in shares of UDR by 225.7% during the 3rd quarter. Parkside Financial Bank & Trust now owns 1,088 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 754 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its stake in UDR by 87.3% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,435 shares of the real estate investment trust’s stock worth $55,000 after purchasing an additional 669 shares during the last quarter. 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.