UDR (NYSE:UDR) Lowered to “Hold” Rating by Truist Financial

Truist Financial downgraded shares of UDR (NYSE:UDR) from a buy rating to a hold rating in a research note released on Monday, Marketbeat.com reports. They currently have $46.00 price target on the real estate investment trust’s stock, up from their previous price target of $45.00.

Several other equities analysts have also recently issued reports on the stock. Zelman & Associates restated a “neutral” rating on shares of UDR in a research note on Thursday, February 13th. Mizuho lowered their price objective on shares of UDR from $47.00 to $45.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. StockNews.com raised shares of UDR from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Scotiabank increased their price target on UDR from $48.00 to $49.00 and gave the company a “sector perform” rating in a report on Friday, February 14th. Finally, Jefferies Financial Group downgraded UDR from a “buy” rating to a “hold” rating and dropped their price target for the stock from $50.00 to $45.00 in a research note on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, UDR currently has an average rating of “Hold” and a consensus price target of $46.12.

UDR Stock Down 0.6 %

Shares of UDR stock opened at $44.24 on Monday. The company has a 50-day simple moving average of $42.49 and a two-hundred day simple moving average of $43.81. The stock has a market capitalization of $14.65 billion, a PE ratio of 176.94, a price-to-earnings-growth ratio of 8.67 and a beta of 0.88. UDR has a 52-week low of $35.14 and a 52-week high of $47.55. The company has a debt-to-equity ratio of 1.71, a quick ratio of 5.91 and a current ratio of 5.61.

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

UDR Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 9th were paid a $0.425 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.70 dividend on an annualized basis and a yield of 3.84%. UDR’s payout ratio is presently 680.00%.

Insider Buying and Selling at UDR

In other UDR news, CEO Thomas W. Toomey sold 25,000 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $42.75, for a total transaction of $1,068,750.00. Following the completion of the sale, the chief executive officer now directly owns 824,716 shares of the company’s stock, valued at $35,256,609. This trade represents a 2.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 3.73% of the company’s stock.

Hedge Funds Weigh In On UDR

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Activest Wealth Management bought a new position in shares of UDR during the 3rd quarter valued at about $27,000. Brooklyn Investment Group bought a new position in UDR during the third quarter valued at approximately $33,000. Continuum Advisory LLC grew its holdings in UDR by 5,335.3% during the 3rd quarter. Continuum Advisory LLC now owns 924 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 907 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in UDR by 68.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,206 shares of the real estate investment trust’s stock worth $52,000 after acquiring an additional 491 shares during the last quarter. Finally, Salem Investment Counselors Inc. raised its holdings in shares of UDR by 62.7% during the 4th quarter. Salem Investment Counselors Inc. now owns 1,349 shares of the real estate investment trust’s stock worth $59,000 after acquiring an additional 520 shares in the last quarter. Institutional investors 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.