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

Shares of UDR, Inc. (NYSE:UDR) have been assigned an average rating of “Hold” from the seventeen research firms that are currently covering the company, Marketbeat Ratings 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 1 year price objective among brokers that have issued a report on the stock in the last year is $46.06.

A number of equities research analysts recently commented on UDR shares. Wells Fargo & Company decreased their target price on UDR from $48.00 to $45.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Barclays decreased their target price on UDR from $50.00 to $48.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Royal Bank of Canada decreased 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. StockNews.com downgraded UDR from a “hold” rating to a “sell” rating in a report on Thursday, January 2nd. Finally, Mizuho decreased their price target on UDR from $47.00 to $45.00 and set a “neutral” rating for the company in a report on Monday, January 6th.

UDR Price Performance

Shares of UDR stock opened at $41.74 on Monday. The company has a debt-to-equity ratio of 1.69, a quick ratio of 5.91 and a current ratio of 5.91. UDR has a fifty-two week low of $34.19 and a fifty-two week high of $47.55. The firm has a market capitalization of $13.77 billion, a price-to-earnings ratio of 112.81, a PEG ratio of 11.12 and a beta of 0.89. The stock’s 50-day simple moving average is $43.02 and its 200-day simple moving average is $43.43.

UDR Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 9th were given a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.07%. The ex-dividend date of this dividend was Friday, January 10th. UDR’s dividend payout ratio (DPR) is presently 459.47%.

Institutional Trading of UDR

Large investors have recently made changes to their positions in the company. International Assets Investment Management LLC grew its holdings in 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 valued at $2,005,000 after buying an additional 43,253 shares in the last quarter. Los Angeles Capital Management LLC grew its holdings in UDR by 1,665.3% in the 3rd 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 buying an additional 348,520 shares in the last quarter. MQS Management LLC purchased a new stake in UDR in the 3rd quarter valued at $712,000. JPMorgan Chase & Co. grew its holdings in UDR by 5.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,774,541 shares of the real estate investment trust’s stock valued at $352,498,000 after buying an additional 368,087 shares in the last quarter. Finally, BSN CAPITAL PARTNERS Ltd purchased a new stake in UDR in the 3rd quarter valued at $10,987,000. 97.84% of the stock is currently owned by hedge funds and other institutional investors.

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.