Analysts Set UDR, Inc. (NYSE:UDR) Price Target at $46.69

UDR, Inc. (NYSE:UDR) has been assigned a consensus rating of “Hold” from the seventeen analysts that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $46.69.

Several research analysts have commented on the stock. StockNews.com raised shares of UDR from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Zelman & Associates reiterated a “neutral” rating on shares of UDR in a research report on Thursday, February 13th. Barclays boosted their price target on shares of UDR from $48.00 to $51.00 and gave the stock an “overweight” rating in a research note on Friday, May 9th. Royal Bank of Canada upped their price target on shares of UDR from $43.00 to $44.00 and gave the company a “sector perform” rating in a research report on Thursday, May 8th. Finally, Wells Fargo & Company decreased their price objective on UDR from $48.00 to $45.00 and set an “overweight” rating on the stock in a report on Friday, January 24th.

UDR Stock Down 0.5%

UDR opened at $42.00 on Wednesday. The business’s fifty day simple moving average is $42.18 and its 200 day simple moving average is $42.93. UDR has a 52 week low of $36.61 and a 52 week high of $47.55. The company has a quick ratio of 5.91, a current ratio of 5.61 and a debt-to-equity ratio of 1.71. The stock has a market cap of $13.91 billion, a PE ratio of 168.00, a P/E/G ratio of 8.67 and a beta of 0.84.

UDR (NYSE:UDR) last posted its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.61. The firm had revenue of $419.84 million during 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 company’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.61 EPS. As a group, research analysts expect that UDR will post 2.51 earnings per share for the current fiscal year.

UDR Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Thursday, April 10th were paid a $0.43 dividend. This is a positive change from UDR’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $1.72 dividend on an annualized basis and a yield of 4.10%. UDR’s dividend payout ratio (DPR) is presently 491.43%.

Insider Buying and Selling at UDR

In other UDR news, CEO Thomas W. Toomey sold 25,000 shares of UDR 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 sale, the chief executive officer now directly owns 824,716 shares of the company’s stock, valued at approximately $35,256,609. The trade was a 2.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 3.39% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in UDR. Beaird Harris Wealth Management LLC bought a new position in UDR in the first quarter worth $28,000. Spire Wealth Management increased its stake in shares of UDR by 3,079.2% in the 1st quarter. Spire Wealth Management now owns 763 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 739 shares in the last quarter. Sentry Investment Management LLC purchased a new position in UDR during the 1st quarter valued at about $47,000. Horizon Financial Services LLC purchased a new position in UDR during the 1st quarter valued at about $51,000. Finally, National Pension Service boosted its stake in UDR by 2,553.5% during the first quarter. National Pension Service now owns 1,141 shares of the real estate investment trust’s stock worth $52,000 after acquiring an additional 1,098 shares in the last quarter. Hedge funds and other 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.