UDR, Inc. (NYSE:UDR) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of UDR, Inc. (NYSE:UDR) have been given an average rating of “Hold” by the seventeen analysts that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $45.18.

Several equities analysts recently issued reports on UDR shares. Evercore ISI boosted their target price on shares of UDR from $42.00 to $43.00 and gave the company an “in-line” rating in a report on Monday, September 9th. Truist Financial upped their target price on UDR from $44.00 to $47.00 and gave the company a “buy” rating in a research report on Monday, August 26th. Royal Bank of Canada lowered their target price on UDR from $46.00 to $45.00 and set a “sector perform” rating for the company in a report on Tuesday, November 5th. Piper Sandler increased their price target on UDR from $40.00 to $46.00 and gave the stock a “neutral” rating in a report on Monday, August 26th. Finally, BNP Paribas started coverage on shares of UDR in a research note on Wednesday, September 11th. They issued an “outperform” rating and a $49.00 price objective for the company.

Hedge Funds Weigh In On UDR

Institutional investors have recently modified their holdings of the business. Capital Research Global Investors purchased a new stake in shares of UDR during the 1st quarter valued at $176,137,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in UDR by 862.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,086,964 shares of the real estate investment trust’s stock worth $139,963,000 after buying an additional 2,766,172 shares during the last quarter. Mizuho Securities USA LLC raised its position in UDR by 8,460.5% in the third quarter. Mizuho Securities USA LLC now owns 2,000,000 shares of the real estate investment trust’s stock worth $90,680,000 after acquiring an additional 1,976,637 shares during the period. Millennium Management LLC boosted its stake in UDR by 115.3% in the second quarter. Millennium Management LLC now owns 3,499,150 shares of the real estate investment trust’s stock valued at $143,990,000 after acquiring an additional 1,874,096 shares during the last quarter. Finally, FMR LLC grew its position in shares of UDR by 14.8% during the 3rd quarter. FMR LLC now owns 11,401,026 shares of the real estate investment trust’s stock valued at $516,923,000 after acquiring an additional 1,471,855 shares during the period. 97.84% of the stock is owned by institutional investors.

UDR Stock Up 0.1 %

UDR stock opened at $44.50 on Wednesday. The firm has a market cap of $14.68 billion, a price-to-earnings ratio of 120.27, a PEG ratio of 12.30 and a beta of 0.85. UDR has a 52-week low of $32.37 and a 52-week high of $47.55. The company has a debt-to-equity ratio of 1.69, a quick ratio of 5.91 and a current ratio of 5.91. The firm has a 50 day moving average price of $44.63 and a two-hundred day moving average price of $42.18.

UDR Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 10th were issued a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 3.82%. The ex-dividend date of this dividend was Thursday, October 10th. UDR’s dividend payout ratio (DPR) is presently 459.47%.

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.