Brokerages Set UDR, Inc. (NYSE:UDR) Target Price at $46.35

Shares of UDR, Inc. (NYSE:UDR) have been given an average rating of “Hold” by the seventeen ratings firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $46.35.

UDR has been the topic of a number of recent research reports. Royal Bank of Canada cut their target price on UDR from $46.00 to $45.00 and set a “sector perform” rating on the stock in a report on Tuesday, November 5th. Scotiabank dropped their price objective on shares of UDR from $49.00 to $48.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 14th. Barclays initiated coverage on shares of UDR in a report on Tuesday, December 17th. They set an “overweight” rating and a $50.00 price objective for the company. Mizuho lowered their target price on shares of UDR from $47.00 to $45.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Finally, Jefferies Financial Group lowered UDR from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $50.00 to $45.00 in a report on Thursday, January 2nd.

Hedge Funds Weigh In On UDR

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Activest Wealth Management purchased a new stake in UDR during the third quarter worth about $27,000. Brooklyn Investment Group bought a new position in shares of UDR during the 3rd quarter valued at approximately $33,000. Quest Partners LLC purchased a new stake in shares of UDR during the 2nd quarter worth approximately $37,000. Continuum Advisory LLC raised its holdings in shares of UDR by 5,335.3% in the 3rd quarter. Continuum Advisory LLC now owns 924 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 907 shares during the period. Finally, Mather Group LLC. lifted its stake in UDR by 58.2% in the third quarter. Mather Group LLC. now owns 998 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 367 shares during the last quarter. 97.84% of the stock is owned by hedge funds and other institutional investors.

UDR Stock Down 0.3 %

Shares of NYSE:UDR opened at $41.05 on Thursday. The company has a debt-to-equity ratio of 1.69, a quick ratio of 5.91 and a current ratio of 5.91. UDR has a 52-week low of $34.19 and a 52-week high of $47.55. The business’s 50 day simple moving average is $43.88 and its two-hundred day simple moving average is $43.41. The firm has a market cap of $13.54 billion, a P/E ratio of 110.95, a PEG ratio of 10.92 and a beta of 0.89.

UDR Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, January 9th will be paid a $0.425 dividend. The ex-dividend date is Friday, January 10th. This represents a $1.70 dividend on an annualized basis and a yield of 4.14%. UDR’s dividend payout ratio (DPR) is presently 459.47%.

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.