UDR (NYSE:UDR) Given New $45.00 Price Target at Evercore ISI

UDR (NYSE:UDR) had its target price lifted by Evercore ISI from $43.00 to $45.00 in a report released on Monday morning,Benzinga reports. They currently have an in-line rating on the real estate investment trust’s stock.

Several other equities analysts have also weighed in on the stock. Royal Bank of Canada increased their price objective on shares of UDR from $43.00 to $44.00 and gave the company a “sector perform” rating in a report on Friday. Barclays dropped their price objective on UDR from $50.00 to $48.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Mizuho lowered their price objective on shares of UDR from $47.00 to $45.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Wells Fargo & Company cut their price objective 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. Finally, Scotiabank lowered their target price on UDR from $49.00 to $48.00 and set a “sector perform” rating for the company in a report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $46.12.

UDR Price Performance

Shares of UDR stock opened at $42.80 on Monday. The company has a current ratio of 1.32, a quick ratio of 5.91 and a debt-to-equity ratio of 1.71. The firm has a market capitalization of $14.12 billion, a price-to-earnings ratio of 171.20, a PEG ratio of 11.72 and a beta of 0.88. The firm’s 50 day moving average is $42.65 and its 200-day moving average is $43.46. UDR has a 1 year low of $34.19 and a 1 year high of $47.55.

UDR (NYSE:UDR) last released its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 EPS for the quarter, beating the consensus estimate of $0.10 by $0.53. UDR had a return on equity of 2.65% and a net margin of 5.36%. Sell-side analysts forecast that UDR will post 2.51 EPS for the current fiscal year.

UDR Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 9th were paid a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.97%. The ex-dividend date of this dividend was Friday, January 10th. UDR’s dividend payout ratio is presently 680.00%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. FMR LLC boosted its stake in UDR by 14.8% in 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 purchasing an additional 1,471,855 shares during the period. JPMorgan Chase & Co. raised its stake 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 worth $352,498,000 after purchasing an additional 368,087 shares in the last quarter. Daiwa Securities Group Inc. grew its position in shares of UDR by 2.3% during the 3rd quarter. Daiwa Securities Group Inc. now owns 7,109,980 shares of the real estate investment trust’s stock worth $322,366,000 after purchasing an additional 159,625 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of UDR by 2.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,367,054 shares of the real estate investment trust’s stock worth $189,574,000 after purchasing an additional 95,022 shares during the period. Finally, PGGM Investments raised its position in shares of UDR by 7.8% in the fourth quarter. PGGM Investments now owns 3,163,812 shares of the real estate investment trust’s stock valued at $137,341,000 after buying an additional 228,342 shares in the last quarter. Institutional investors and hedge funds own 97.84% of the company’s stock.

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.