UDR, Inc. (NYSE:UDR) Given Average Recommendation of “Hold” by Brokerages

UDR, Inc. (NYSE:UDR) has received an average rating of “Hold” from the eighteen brokerages that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $46.12.

Several analysts recently commented on the stock. Wells Fargo & Company dropped their price target on shares of UDR from $48.00 to $45.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Scotiabank upped their price target on UDR from $48.00 to $49.00 and gave the stock a “sector perform” rating in a report on Friday, February 14th. Zelman & Associates reiterated a “neutral” rating on shares of UDR in a research report on Thursday, February 13th. StockNews.com upgraded UDR from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Finally, Truist Financial lowered UDR from a “buy” rating to a “hold” rating and increased their target price for the company from $45.00 to $46.00 in a research report on Monday, March 10th.

UDR Stock Performance

NYSE UDR opened at $41.29 on Friday. The firm has a market capitalization of $13.67 billion, a P/E ratio of 165.16, a PEG ratio of 8.67 and a beta of 0.78. The stock has a 50-day simple moving average of $42.78 and a two-hundred day simple moving average of $43.13. 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 fifty-two week low of $36.61 and a fifty-two week high of $47.55.

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

UDR Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be issued a dividend of $0.43 per share. This is a boost from UDR’s previous quarterly dividend of $0.43. This represents a $1.72 annualized dividend and a dividend yield of 4.17%. The ex-dividend date is Thursday, April 10th. UDR’s payout ratio is currently 688.00%.

Insider Activity

In related news, CEO Thomas W. Toomey sold 25,000 shares of the company’s 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 sale, the chief executive officer now owns 824,716 shares of the company’s stock, valued at approximately $35,256,609. This represents a 2.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 3.39% of the company’s stock.

Institutional Trading of UDR

Hedge funds have recently made changes to their positions in the company. Spire Wealth Management lifted its holdings in UDR by 3,079.2% in the first quarter. Spire Wealth Management now owns 763 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 739 shares during the last quarter. Sentry Investment Management LLC acquired a new position in shares of UDR in the 1st quarter valued at $47,000. Smartleaf Asset Management LLC grew its holdings in shares of UDR by 68.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,206 shares of the real estate investment trust’s stock worth $52,000 after purchasing an additional 491 shares during the period. Continuum Advisory LLC increased its position in shares of UDR by 38.0% during the 4th quarter. Continuum Advisory LLC now owns 1,275 shares of the real estate investment trust’s stock worth $55,000 after purchasing an additional 351 shares during the last quarter. Finally, Salem Investment Counselors Inc. increased its position in shares of UDR by 62.7% during the 4th quarter. Salem Investment Counselors Inc. now owns 1,349 shares of the real estate investment trust’s stock worth $59,000 after purchasing an additional 520 shares during the last quarter. 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.