UDR, Inc. (NYSE:UDR) Receives $41.61 Consensus PT from Brokerages

Shares of UDR, Inc. (NYSE:UDR) have been assigned a consensus rating of “Hold” from the sixteen research firms that are presently covering the company, Marketbeat reports. Nine analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $41.53.

A number of analysts have recently weighed in on UDR shares. BMO Capital Markets raised UDR from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $39.00 to $45.00 in a research report on Monday, July 15th. JPMorgan Chase & Co. lifted their price objective on shares of UDR from $42.00 to $43.00 and gave the stock an “overweight” rating in a research report on Monday, June 17th. Wells Fargo & Company lifted their price target on UDR from $39.00 to $41.00 and gave the stock an “overweight” rating in a report on Friday, May 31st. UBS Group boosted their target price on UDR from $44.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Finally, Royal Bank of Canada dropped their price target on shares of UDR from $41.00 to $40.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 1st.

Insider Activity

In related news, CEO Thomas W. Toomey sold 90,000 shares of the firm’s stock in a transaction that occurred on 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.73% of the company’s stock.

Institutional Investors Weigh In On UDR

A number of large investors have recently added to or reduced their stakes in UDR. Raymond James & Associates increased its position in UDR by 13.6% during the 4th quarter. Raymond James & Associates now owns 82,281 shares of the real estate investment trust’s stock worth $3,151,000 after purchasing an additional 9,842 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of UDR by 3,730.9% in the fourth quarter. International Assets Investment Management LLC now owns 37,351 shares of the real estate investment trust’s stock worth $1,430,000 after acquiring an additional 36,376 shares in the last quarter. Cerity Partners LLC raised its stake in shares of UDR by 0.3% in the 4th quarter. Cerity Partners LLC now owns 102,605 shares of the real estate investment trust’s stock valued at $3,929,000 after acquiring an additional 313 shares during the period. Louisiana State Employees Retirement System purchased a new position in shares of UDR in the 4th quarter valued at $701,000. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of UDR by 79.3% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,830,437 shares of the real estate investment trust’s stock valued at $70,087,000 after acquiring an additional 809,273 shares in the last quarter. 97.84% of the stock is owned by institutional investors and hedge funds.

UDR Stock Performance

Shares of UDR stock opened at $41.71 on Monday. The stock has a market capitalization of $13.74 billion, a price-to-earnings ratio of 30.22, a price-to-earnings-growth ratio of 9.20 and a beta of 0.83. The company has a debt-to-equity ratio of 1.57, a current ratio of 5.82 and a quick ratio of 5.82. The business has a 50-day moving average of $40.90 and a 200 day moving average of $38.55. UDR has a 12 month low of $30.95 and a 12 month high of $42.42.

UDR (NYSE:UDR) last posted its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported $0.08 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.53). UDR had a net margin of 8.34% and a return on equity of 3.70%. The business had revenue of $415.30 million during the quarter, compared to analysts’ expectations of $413.75 million. During the same period in the previous year, the business posted $0.61 EPS. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, sell-side analysts forecast that UDR will post 2.45 earnings per share for the current year.

UDR Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 10th were issued a $0.425 dividend. The ex-dividend date of this dividend was Wednesday, July 10th. This represents a $1.70 dividend on an annualized basis and a yield of 4.08%. UDR’s dividend payout ratio (DPR) is presently 123.19%.

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.