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

Shares of UDR, Inc. (NYSE:UDR) have earned an average recommendation of “Hold” from the eighteen brokerages that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $44.28.

A number of equities research analysts recently issued reports on UDR shares. BMO Capital Markets upgraded UDR from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $39.00 to $45.00 in a report on Monday, July 15th. Wells Fargo & Company upped their price target on shares of UDR from $41.00 to $48.00 and gave the stock an “overweight” rating in a research report on Monday, August 26th. Royal Bank of Canada cut their price objective on UDR from $41.00 to $40.00 and set a “sector perform” rating on the stock in a research report on Thursday, August 1st. Piper Sandler upped their target price on UDR from $40.00 to $46.00 and gave the stock a “neutral” rating in a research report on Monday, August 26th. Finally, Truist Financial increased their target price on UDR from $44.00 to $47.00 and gave the company a “buy” rating in a research note on Monday, August 26th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of UDR. Mather Group LLC. lifted its stake in shares of UDR by 58.2% in the third quarter. Mather Group LLC. now owns 998 shares of the real estate investment trust’s stock worth $45,000 after buying an additional 367 shares during the last quarter. GAMMA Investing LLC grew its position in shares of UDR by 15.0% in the third quarter. GAMMA Investing LLC now owns 7,380 shares of the real estate investment trust’s stock valued at $335,000 after purchasing an additional 962 shares during the last quarter. Czech National Bank increased its stake in shares of UDR by 5.9% in the third quarter. Czech National Bank now owns 61,141 shares of the real estate investment trust’s stock worth $2,772,000 after purchasing an additional 3,409 shares during the period. Handelsbanken Fonder AB lifted its position in shares of UDR by 44.8% during the 3rd quarter. Handelsbanken Fonder AB now owns 89,900 shares of the real estate investment trust’s stock worth $4,076,000 after purchasing an additional 27,800 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in UDR by 82.7% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 190,900 shares of the real estate investment trust’s stock valued at $7,856,000 after purchasing an additional 86,400 shares during the period. Institutional investors own 97.84% of the company’s stock.

UDR Price Performance

Shares of NYSE UDR opened at $44.21 on Tuesday. The stock has a 50 day moving average of $43.71 and a two-hundred day moving average of $40.67. UDR has a twelve month low of $30.95 and a twelve month high of $47.55. The stock has a market cap of $14.56 billion, a P/E ratio of 32.04, a P/E/G ratio of 9.89 and a beta of 0.85. The company has a current ratio of 5.82, a quick ratio of 5.82 and a debt-to-equity ratio of 1.57.

UDR (NYSE:UDR) last posted its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.53). The firm had revenue of $415.30 million during the quarter, compared to analyst estimates of $413.75 million. UDR had a net margin of 8.34% and a return on equity of 3.70%. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period last year, the company posted $0.61 EPS. On average, research analysts forecast that UDR will post 2.47 earnings per share for the current year.

UDR Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th will be given a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.85%. The ex-dividend date of this dividend is Thursday, October 10th. UDR’s dividend payout ratio (DPR) is 123.19%.

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.