UDR, Inc. (NYSE:UDR) Receives Average Rating of “Hold” from Brokerages

UDR, Inc. (NYSE:UDR) has been given a consensus rating of “Hold” by the seventeen analysts that are currently covering the company, MarketBeat reports. Ten research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $41.17.

A number of equities research analysts have issued reports on the stock. Truist Financial lifted their target price on shares of UDR from $42.00 to $44.00 and gave the company a “buy” rating in a research note on Monday, June 24th. Mizuho lifted their target price on shares of UDR from $35.00 to $38.00 and gave the company a “neutral” rating in a research note on Thursday, May 30th. Piper Sandler raised shares of UDR from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $34.00 to $40.00 in a research note on Wednesday, April 10th. Morgan Stanley lifted their target price on shares of UDR from $37.00 to $40.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 14th. Finally, BMO Capital Markets raised shares of UDR from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $39.00 to $45.00 in a research note on Monday, July 15th.

Insider Buying and Selling

In related news, SVP Michael D. Lacy sold 4,500 shares of UDR stock in a transaction on Friday, May 10th. The shares were sold at an average price of $38.17, for a total value of $171,765.00. Following the transaction, the senior vice president now owns 8,566 shares in the company, valued at approximately $326,964.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other UDR news, SVP Michael D. Lacy sold 4,500 shares of the firm’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $38.17, for a total value of $171,765.00. Following the sale, the senior vice president now directly owns 8,566 shares in the company, valued at approximately $326,964.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Thomas W. Toomey sold 90,000 shares of the firm’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $39.52, for a total transaction of $3,556,800.00. Following the completion of the sale, the chief executive officer now owns 849,716 shares in the company, valued at $33,580,776.32. The disclosure for this sale can be found here. Insiders own 3.73% of the company’s stock.

Institutional Trading of UDR

Several institutional investors have recently made changes to their positions in the business. Cerity Partners LLC boosted its position in shares of UDR by 0.3% during the 4th quarter. Cerity Partners LLC now owns 102,605 shares of the real estate investment trust’s stock valued at $3,929,000 after acquiring an additional 313 shares in the last quarter. Allworth Financial LP boosted its position in UDR by 20.1% in the fourth quarter. Allworth Financial LP now owns 1,943 shares of the real estate investment trust’s stock valued at $74,000 after buying an additional 325 shares in the last quarter. Hummer Financial Advisory Services Inc raised its stake in shares of UDR by 2.9% in the first quarter. Hummer Financial Advisory Services Inc now owns 12,057 shares of the real estate investment trust’s stock worth $451,000 after acquiring an additional 335 shares during the last quarter. Integrity Wealth Solutions LLC raised its stake in shares of UDR by 8.2% in the first quarter. Integrity Wealth Solutions LLC now owns 6,409 shares of the real estate investment trust’s stock worth $240,000 after acquiring an additional 484 shares during the last quarter. Finally, Covestor Ltd raised its stake in shares of UDR by 18.3% in the first quarter. Covestor Ltd now owns 3,336 shares of the real estate investment trust’s stock worth $125,000 after acquiring an additional 515 shares during the last quarter. 97.84% of the stock is currently owned by institutional investors and hedge funds.

UDR Trading Up 1.2 %

Shares of NYSE:UDR opened at $42.02 on Thursday. The firm has a fifty day moving average of $40.10 and a two-hundred day moving average of $38.07. The firm has a market capitalization of $13.84 billion, a P/E ratio of 30.45, a price-to-earnings-growth ratio of 9.16 and a beta of 0.83. UDR has a 12-month low of $30.95 and a 12-month high of $43.67. The company has a quick ratio of 6.61, a current ratio of 6.61 and a debt-to-equity ratio of 1.49.

UDR Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 10th will be issued a $0.425 dividend. The ex-dividend date is Wednesday, July 10th. This represents a $1.70 annualized dividend and a yield of 4.05%. UDR’s dividend payout ratio (DPR) is presently 123.19%.

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.