UDR (NYSE:UDR) Price Target Raised to $49.00

UDR (NYSE:UDR) had its target price increased by Scotiabank from $48.00 to $49.00 in a report published on Friday morning,Benzinga reports. Scotiabank currently has a sector perform rating on the real estate investment trust’s stock.

A number of other equities analysts also recently issued reports on UDR. Royal Bank of Canada raised their price objective on UDR from $43.00 to $44.00 and gave the stock a “sector perform” rating in a research report on Friday, February 7th. Zelman & Associates reiterated a “neutral” rating on shares of UDR in a report on Thursday. Jefferies Financial Group downgraded UDR from a “buy” rating to a “hold” rating and lowered their target price for the stock from $50.00 to $45.00 in a report on Thursday, January 2nd. Wells Fargo & Company lowered 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. Finally, Evercore ISI lifted their target price on UDR from $43.00 to $45.00 and gave the stock an “in-line” rating in a report on Monday, February 10th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $46.18.

UDR Price Performance

Shares of UDR opened at $42.93 on Friday. UDR has a 1 year low of $34.76 and a 1 year high of $47.55. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.32 and a quick ratio of 5.91. The company has a market capitalization of $14.17 billion, a price-to-earnings ratio of 171.73, a price-to-earnings-growth ratio of 11.72 and a beta of 0.88. The business has a 50-day moving average of $42.45 and a 200-day moving average of $43.53.

UDR (NYSE:UDR) last issued its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.53. UDR had a return on equity of 2.65% and a net margin of 5.36%. As a group, equities research analysts anticipate that UDR will post 2.51 earnings per share for the current year.

UDR Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 9th were given a dividend of $0.425 per share. The ex-dividend date was Friday, January 10th. This represents a $1.70 annualized dividend and a dividend yield of 3.96%. UDR’s payout ratio is 680.00%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. International Assets Investment Management LLC boosted its position in shares of UDR by 4,436.2% during the third 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 during the last quarter. Los Angeles Capital Management LLC boosted its position in shares of UDR by 1,665.3% during 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 buying an additional 348,520 shares during the last quarter. MQS Management LLC purchased a new position in shares of UDR during the third quarter valued at approximately $712,000. JPMorgan Chase & Co. boosted its position in shares of 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 valued at $352,498,000 after buying an additional 368,087 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in UDR by 7.0% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 95,344 shares of the real estate investment trust’s stock worth $4,139,000 after purchasing an additional 6,217 shares during the last quarter. Hedge funds and other institutional investors own 97.84% of the company’s stock.

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.