Other equities research analysts have also issued research reports about the stock. StockNews.com initiated coverage on shares of UDR in a research note on Thursday, March 31st. They issued a hold rating on the stock. Piper Sandler reduced their price target on UDR from $63.00 to $57.00 in a research report on Wednesday, May 4th. Scotiabank lowered their price target on UDR from $60.00 to $58.00 in a report on Thursday, May 19th. Truist Financial cut their price objective on shares of UDR from $61.00 to $53.00 and set a hold rating on the stock in a research note on Tuesday, May 24th. Finally, TheStreet lowered shares of UDR from a b- rating to a c+ rating in a research report on Tuesday, April 26th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of $58.07.
NYSE:UDR opened at $45.70 on Monday. The firm has a market capitalization of $14.55 billion, a P/E ratio of 89.61, a P/E/G ratio of 2.14 and a beta of 0.77. The business has a 50 day simple moving average of $49.24 and a 200 day simple moving average of $54.54. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.30 and a quick ratio of 0.30. UDR has a 12-month low of $42.00 and a 12-month high of $61.06.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 1st. Stockholders of record on Monday, July 11th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 3.33%. The ex-dividend date of this dividend is Friday, July 8th. UDR’s dividend payout ratio is presently 298.05%.
Institutional investors have recently made changes to their positions in the company. Bank of America Corp DE raised its holdings in UDR by 9.8% during the 1st quarter. Bank of America Corp DE now owns 2,235,779 shares of the real estate investment trust’s stock worth $128,267,000 after buying an additional 199,485 shares during the period. Verition Fund Management LLC raised its stake in UDR by 72.9% during the 1st quarter. Verition Fund Management LLC now owns 70,868 shares of the real estate investment trust’s stock valued at $4,066,000 after purchasing an additional 29,873 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of UDR by 12.0% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 64,155 shares of the real estate investment trust’s stock valued at $3,680,000 after purchasing an additional 6,882 shares in the last quarter. Neuberger Berman Group LLC boosted its position in shares of UDR by 3.6% in the first quarter. Neuberger Berman Group LLC now owns 8,374 shares of the real estate investment trust’s stock worth $480,000 after buying an additional 291 shares during the period. Finally, Toroso Investments LLC grew its holdings in shares of UDR by 46.9% during the first quarter. Toroso Investments LLC now owns 5,064 shares of the real estate investment trust’s stock valued at $291,000 after buying an additional 1,617 shares in the last quarter. 96.39% of the stock is currently owned by institutional investors.
UDR Company Profile (Get Rating)
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.
- Get a free copy of the StockNews.com research report on UDR (UDR)
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