UDR, Inc. (NYSE:UDR) Receives $46.69 Consensus PT from Brokerages

UDR, Inc. (NYSE:UDR) has been given an average rating of “Hold” by the seventeen ratings firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $46.69.

A number of brokerages have commented on UDR. Scotiabank boosted their price objective on UDR from $48.00 to $49.00 and gave the stock a “sector perform” rating in a research note on Friday, February 14th. Evercore ISI boosted their price target on UDR from $43.00 to $45.00 and gave the stock an “in-line” rating in a research note on Monday, February 10th. Barclays boosted their price target on UDR from $48.00 to $51.00 and gave the stock an “overweight” rating in a research note on Friday, May 9th. StockNews.com upgraded UDR from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Finally, Truist Financial cut UDR from a “buy” rating to a “hold” rating and boosted their price target for the stock from $45.00 to $46.00 in a research note on Monday, March 10th.

UDR Trading Up 1.3%

Shares of UDR opened at $42.43 on Wednesday. The stock’s 50-day moving average is $42.21 and its two-hundred day moving average is $42.93. The stock has a market cap of $14.06 billion, a PE ratio of 169.72, a P/E/G ratio of 8.67 and a beta of 0.84. UDR has a 12 month low of $36.61 and a 12 month high of $47.55. The company has a debt-to-equity ratio of 1.71, a current ratio of 5.61 and a quick ratio of 5.91.

UDR (NYSE:UDR) last issued its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $0.61 EPS for the quarter, hitting analysts’ consensus estimates of $0.61. The company had revenue of $419.84 million for the quarter, compared to analysts’ expectations of $421.23 million. UDR had a return on equity of 2.65% and a net margin of 5.36%. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.61 earnings per share. Equities analysts forecast that UDR will post 2.51 earnings per share for the current fiscal year.

UDR Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th were paid a dividend of $0.43 per share. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $1.72 annualized dividend and a yield of 4.05%. This is a boost from UDR’s previous quarterly dividend of $0.43. UDR’s dividend payout ratio is presently 491.43%.

Insider Buying and Selling at UDR

In other news, CEO Thomas W. Toomey sold 25,000 shares of the company’s stock in a transaction that occurred 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 approximately $35,256,609. This represents a 2.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.39% of the stock is currently owned by insiders.

Hedge Funds Weigh In On UDR

Several institutional investors have recently made changes to their positions in the stock. Woodline Partners LP grew its holdings in shares of UDR by 173.0% during the first quarter. Woodline Partners LP now owns 1,421,023 shares of the real estate investment trust’s stock valued at $64,188,000 after purchasing an additional 900,504 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of UDR by 5.8% during the first quarter. Empowered Funds LLC now owns 6,129 shares of the real estate investment trust’s stock valued at $277,000 after purchasing an additional 337 shares during the last quarter. MBB Public Markets I LLC bought a new position in shares of UDR during the first quarter valued at approximately $329,000. United Services Automobile Association bought a new position in shares of UDR during the first quarter valued at approximately $281,000. Finally, Presima Securities ULC grew its holdings in shares of UDR by 9.7% during the first quarter. Presima Securities ULC now owns 544,186 shares of the real estate investment trust’s stock valued at $24,581,000 after purchasing an additional 48,062 shares during the last quarter. 97.84% of the stock is owned by institutional investors.

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.