Scotiabank Lowers UDR (NYSE:UDR) Price Target to $48.00

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

UDR has been the subject of a number of other reports. StockNews.com cut shares of UDR from a “hold” rating to a “sell” rating in a research note on Wednesday, November 6th. The Goldman Sachs Group started coverage on UDR in a research report on Wednesday, September 4th. They set a “sell” rating and a $42.00 price target for the company. Wedbush raised their price objective on UDR from $45.00 to $49.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Evercore ISI upped their target price on UDR from $42.00 to $43.00 and gave the company an “in-line” rating in a research report on Monday, September 9th. Finally, BNP Paribas initiated coverage on shares of UDR in a research note on Wednesday, September 11th. They set an “outperform” rating and a $49.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $45.18.

UDR Stock Performance

Shares of UDR opened at $44.31 on Thursday. UDR has a 12 month low of $32.37 and a 12 month high of $47.55. The stock has a fifty day moving average price of $44.63 and a 200-day moving average price of $42.10. The company has a current ratio of 5.91, a quick ratio of 5.91 and a debt-to-equity ratio of 1.69. The firm has a market cap of $14.62 billion, a PE ratio of 119.76, a P/E/G ratio of 12.30 and a beta of 0.85.

UDR Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th were paid a dividend of $0.425 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.84%. UDR’s dividend payout ratio is currently 459.47%.

Institutional Investors Weigh In On UDR

Institutional investors have recently bought and sold shares of the company. Family Firm Inc. purchased a new stake in shares of UDR during the second quarter worth approximately $26,000. Activest Wealth Management purchased a new position in shares of UDR in the third quarter worth about $27,000. UMB Bank n.a. acquired a new position in UDR during the second quarter worth about $33,000. Brooklyn Investment Group purchased a new stake in UDR during the 3rd quarter valued at about $33,000. Finally, Rothschild Investment LLC acquired a new stake in UDR in the 2nd quarter valued at about $35,000. 97.84% of the stock is currently owned by institutional investors and hedge funds.

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.