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

UDR, Inc. (NYSE:UDR) has received an average recommendation of “Hold” from the seventeen ratings firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $46.44.

Several equities research analysts recently issued reports on the stock. Royal Bank of Canada lifted their price objective on shares of UDR from $43.00 to $44.00 and gave the company a “sector perform” rating in a research note on Thursday, May 8th. Barclays lifted their price objective on shares of UDR from $48.00 to $51.00 and gave the company an “overweight” rating in a research note on Friday, May 9th. Mizuho reduced their price objective on shares of UDR from $45.00 to $41.00 and set a “neutral” rating for the company in a research note on Friday, May 23rd. Scotiabank lifted their price objective 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, Truist Financial lowered shares of UDR from a “buy” rating to a “hold” rating and lifted their price objective for the company from $45.00 to $46.00 in a research note on Monday, March 10th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Invst LLC bought a new position in shares of UDR during the 1st quarter worth about $757,000. Strs Ohio bought a new position in shares of UDR during the 1st quarter worth about $36,506,000. Advisors Capital Management LLC bought a new position in shares of UDR during the 1st quarter worth about $229,000. Jane Street Group LLC increased its holdings in shares of UDR by 35.0% during the 1st quarter. Jane Street Group LLC now owns 14,028 shares of the real estate investment trust’s stock worth $634,000 after purchasing an additional 3,637 shares during the period. Finally, Bayforest Capital Ltd increased its holdings in shares of UDR by 325.9% during the 1st quarter. Bayforest Capital Ltd now owns 5,413 shares of the real estate investment trust’s stock worth $245,000 after purchasing an additional 4,142 shares during the period. Institutional investors own 97.84% of the company’s stock.

UDR Trading Up 0.9%

Shares of NYSE:UDR opened at $41.93 on Friday. The firm has a fifty day moving average of $41.26 and a two-hundred day moving average of $42.55. The firm has a market capitalization of $13.89 billion, a P/E ratio of 167.72, a price-to-earnings-growth ratio of 8.67 and a beta of 0.83. UDR has a 12-month low of $36.61 and a 12-month high of $47.55. The company has a quick ratio of 5.91, a current ratio of 5.61 and a debt-to-equity ratio of 1.71.

UDR (NYSE:UDR) last released its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.61. UDR had a net margin of 5.36% and a return on equity of 2.65%. The business had revenue of $419.84 million during the quarter, compared to analyst estimates of $421.23 million. During the same quarter in the previous year, the business earned $0.61 EPS. UDR’s quarterly revenue was up 2.0% compared to the same quarter last year. On average, equities analysts expect that UDR will post 2.51 EPS for the current fiscal year.

UDR Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 10th will be issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 4.10%. UDR’s payout ratio is 491.43%.

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.