UDR (NYSE:UDR) Raised to “Buy” at UBS Group

UBS Group upgraded shares of UDR (NYSE:UDR) from a neutral rating to a buy rating in a research note released on Thursday, Marketbeat reports. UBS Group currently has $44.00 price target on the real estate investment trust’s stock, up from their previous price target of $38.00.

Several other equities research analysts have also weighed in on UDR. Barclays lowered UDR from an overweight rating to an equal weight rating and cut their target price for the stock from $46.00 to $37.00 in a research report on Tuesday, February 20th. Piper Sandler raised UDR from an underweight rating to a neutral rating and raised their target price for the stock from $34.00 to $40.00 in a research report on Wednesday, April 10th. Truist Financial cut their target price on UDR from $45.00 to $42.00 and set a buy rating on the stock in a research report on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft initiated coverage on UDR in a research report on Tuesday, January 30th. They set a hold rating and a $40.00 target price on the stock. Finally, Morgan Stanley reissued an equal weight rating and set a $37.00 target price on shares of UDR in a research report on Monday, February 26th. Eleven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of Hold and a consensus target price of $41.83.

UDR Price Performance

UDR stock opened at $37.91 on Thursday. The company has a debt-to-equity ratio of 1.47, a current ratio of 5.15 and a quick ratio of 5.15. The firm has a market capitalization of $12.48 billion, a P/E ratio of 28.29, a P/E/G ratio of 3.04 and a beta of 0.80. The business’s 50-day moving average is $36.73 and its two-hundred day moving average is $35.96. UDR has a 1 year low of $30.95 and a 1 year high of $44.02.

UDR Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Wednesday, April 10th will be paid a $0.425 dividend. This is an increase from UDR’s previous quarterly dividend of $0.42. This represents a $1.70 annualized dividend and a dividend yield of 4.48%. The ex-dividend date of this dividend is Tuesday, April 9th. UDR’s dividend payout ratio (DPR) is 126.87%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Principal Securities Inc. purchased a new position in shares of UDR in the 4th quarter valued at approximately $26,000. Quest Partners LLC purchased a new position in shares of UDR in the 4th quarter valued at approximately $27,000. Parkside Financial Bank & Trust boosted its stake in shares of UDR by 225.7% in the third quarter. Parkside Financial Bank & Trust now owns 1,088 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 754 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in shares of UDR by 87.3% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,435 shares of the real estate investment trust’s stock valued at $55,000 after buying an additional 669 shares in the last quarter. Finally, Addison Advisors LLC boosted its stake in shares of UDR by 53.1% in the fourth quarter. Addison Advisors LLC now owns 1,731 shares of the real estate investment trust’s stock valued at $66,000 after buying an additional 600 shares in the last quarter. 97.84% of the stock is currently owned by hedge funds and other 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.