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

UDR, Inc. (NYSE:UDR) has received an average rating of “Hold” from the seventeen research firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $46.35.

A number of research firms have issued reports on UDR. UBS Group raised their price target on shares of UDR from $48.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, September 12th. StockNews.com lowered UDR from a “hold” rating to a “sell” rating in a research report on Thursday, January 2nd. Jefferies Financial Group lowered shares of UDR from a “buy” rating to a “hold” rating and cut their target price for the company from $50.00 to $45.00 in a report on Thursday, January 2nd. Barclays assumed coverage on shares of UDR in a report on Tuesday, December 17th. They set an “overweight” rating and a $50.00 price target on the stock. Finally, BNP Paribas assumed coverage on shares of UDR in a report on Wednesday, September 11th. They issued an “outperform” rating and a $49.00 price objective for the company.

Hedge Funds Weigh In On UDR

A number of institutional investors and hedge funds have recently bought and sold shares of UDR. International Assets Investment Management LLC increased its stake in shares of UDR by 4,436.2% in the 3rd quarter. International Assets Investment Management LLC now owns 44,228 shares of the real estate investment trust’s stock worth $2,005,000 after acquiring an additional 43,253 shares during the last quarter. Los Angeles Capital Management LLC grew its holdings in shares of UDR by 1,665.3% in the third quarter. Los Angeles Capital Management LLC now owns 369,448 shares of the real estate investment trust’s stock valued at $16,751,000 after purchasing an additional 348,520 shares during the period. MQS Management LLC acquired a new stake in UDR during the third quarter worth about $712,000. JPMorgan Chase & Co. raised its stake in UDR by 5.0% during the third quarter. JPMorgan Chase & Co. now owns 7,774,541 shares of the real estate investment trust’s stock worth $352,498,000 after purchasing an additional 368,087 shares during the period. Finally, Millennium Management LLC boosted its holdings in UDR by 115.3% in the 2nd quarter. Millennium Management LLC now owns 3,499,150 shares of the real estate investment trust’s stock valued at $143,990,000 after purchasing an additional 1,874,096 shares during the last quarter. 97.84% of the stock is currently owned by institutional investors and hedge funds.

UDR Trading Up 0.3 %

Shares of NYSE:UDR opened at $41.20 on Thursday. The company has a quick ratio of 5.91, a current ratio of 5.91 and a debt-to-equity ratio of 1.69. UDR has a 52-week low of $34.19 and a 52-week high of $47.55. The stock has a market cap of $13.59 billion, a price-to-earnings ratio of 111.35, a PEG ratio of 12.34 and a beta of 0.89. The business has a 50-day moving average price of $43.98 and a 200-day moving average price of $43.39.

UDR Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, January 9th will be issued a $0.425 dividend. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.70 dividend on an annualized basis and a yield of 4.13%. UDR’s payout ratio is currently 459.46%.

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.