UDR, Inc. (NYSE:UDR) Given Average Rating of “Hold” by Brokerages

UDR, Inc. (NYSE:UDR) has been given an average rating of “Hold” by the eighteen ratings firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $46.12.

Several equities research analysts recently issued reports on UDR shares. Zelman & Associates reissued a “neutral” rating on shares of UDR in a report on Thursday, February 13th. Scotiabank raised their price objective on shares of UDR from $48.00 to $49.00 and gave the company a “sector perform” rating in a research report on Friday, February 14th. Evercore ISI lifted their target price on shares of UDR from $43.00 to $45.00 and gave the company an “in-line” rating in a research note on Monday, February 10th. Truist Financial lowered UDR from a “buy” rating to a “hold” rating and increased their price target for the stock from $45.00 to $46.00 in a research note on Monday, March 10th. Finally, Jefferies Financial Group downgraded UDR from a “buy” rating to a “hold” rating and lowered their price objective for the company from $50.00 to $45.00 in a research report on Thursday, January 2nd.

Insiders Place Their Bets

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

Institutional Trading of UDR

Hedge funds and other institutional investors have recently made changes to their positions in the company. Brooklyn Investment Group purchased a new stake in UDR in the third quarter valued at approximately $33,000. Continuum Advisory LLC increased 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 valued at $41,000 after acquiring an additional 907 shares during the period. Smartleaf Asset Management LLC raised its position 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 valued at $52,000 after purchasing an additional 491 shares during the last quarter. Salem Investment Counselors Inc. raised its position in UDR by 62.7% in the 4th quarter. Salem Investment Counselors Inc. now owns 1,349 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 520 shares during the last quarter. Finally, Catalyst Capital Advisors LLC acquired a new stake in UDR during the 4th quarter worth $63,000. Institutional investors and hedge funds own 97.84% of the company’s stock.

UDR Trading Up 0.8 %

Shares of NYSE UDR opened at $44.56 on Tuesday. The firm’s 50 day moving average price is $43.06 and its 200-day moving average price is $43.76. 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. The company has a market cap of $14.75 billion, a PE ratio of 178.22, a P/E/G ratio of 8.67 and a beta of 0.88.

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

UDR Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th will be given a $0.43 dividend. This is an increase from UDR’s previous quarterly dividend of $0.43. This represents a $1.72 annualized dividend and a yield of 3.86%. The ex-dividend date is Thursday, April 10th. UDR’s payout ratio is currently 688.00%.

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.