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

UDR, Inc. (NYSE:UDR) has earned an average recommendation of “Hold” from the eighteen brokerages that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $46.12.

A number of research firms have recently weighed in on UDR. Wells Fargo & Company cut their target price on UDR from $48.00 to $45.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Jefferies Financial Group cut shares of UDR from a “buy” rating to a “hold” rating and cut their price objective for the stock from $50.00 to $45.00 in a research report on Thursday, January 2nd. Zelman & Associates reissued a “neutral” rating on shares of UDR in a research note on Thursday, February 13th. StockNews.com raised shares of UDR from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Finally, Barclays reduced their price objective on shares of UDR from $50.00 to $48.00 and set an “overweight” rating for the company in a research note on Friday, January 24th.

Insider Activity

In related news, CEO Thomas W. Toomey sold 25,000 shares of the business’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $42.75, for a total transaction of $1,068,750.00. Following the completion of the transaction, the chief executive officer now directly owns 824,716 shares of the company’s stock, valued at $35,256,609. The trade was a 2.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 3.73% of the company’s stock.

Institutional Trading of UDR

Several institutional investors have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC boosted its holdings in UDR by 16.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 10,739 shares of the real estate investment trust’s stock worth $466,000 after buying an additional 1,497 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in UDR in the 4th quarter worth $42,073,000. Mackenzie Financial Corp boosted its stake in UDR by 20.7% during the 4th quarter. Mackenzie Financial Corp now owns 13,605 shares of the real estate investment trust’s stock valued at $591,000 after acquiring an additional 2,331 shares during the last quarter. Toronto Dominion Bank boosted its holdings in UDR by 8.4% in the fourth quarter. Toronto Dominion Bank now owns 162,338 shares of the real estate investment trust’s stock worth $7,047,000 after purchasing an additional 12,512 shares during the period. Finally, GF Fund Management CO. LTD. bought a new position in UDR during the 4th quarter worth $247,000. Hedge funds and other institutional investors own 97.84% of the company’s stock.

UDR Stock Performance

Shares of UDR opened at $44.35 on Tuesday. The company has a debt-to-equity ratio of 1.71, a quick ratio of 5.91 and a current ratio of 5.61. The firm has a market cap of $14.68 billion, a P/E ratio of 177.38, a PEG ratio of 8.67 and a beta of 0.88. UDR has a twelve month low of $35.14 and a twelve month high of $47.55. The firm’s 50 day moving average price is $42.82 and its two-hundred day moving average price is $43.77.

UDR (NYSE:UDR) last posted its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share for the quarter, topping 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%. On average, analysts forecast that UDR will post 2.51 EPS for the current fiscal year.

UDR Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be paid a $0.43 dividend. This is an increase from UDR’s previous quarterly dividend of $0.43. This represents a $1.72 annualized dividend and a dividend yield of 3.88%. The ex-dividend date is Thursday, April 10th. UDR’s dividend payout ratio (DPR) is currently 688.00%.

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.