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

UDR, Inc. (NYSE:UDR) has been given a consensus rating of “Hold” by the eighteen research firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $46.12.

UDR has been the subject of several recent analyst reports. Wells Fargo & Company lowered their price target on UDR from $48.00 to $45.00 and set an “overweight” rating for the company in a report on Friday, January 24th. 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 note on Friday, February 7th. Zelman & Associates reaffirmed a “neutral” rating on shares of UDR in a report on Thursday, February 13th. Mizuho cut their target price on UDR from $47.00 to $45.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Finally, Truist Financial cut UDR from a “buy” rating to a “hold” rating and lifted their price target for the stock from $45.00 to $46.00 in a research report on Monday, March 10th.

UDR Trading Up 1.5 %

NYSE UDR opened at $45.19 on Tuesday. The firm has a market cap of $14.97 billion, a PE ratio of 180.78, a price-to-earnings-growth ratio of 8.67 and a beta of 0.88. UDR has a 52 week low of $35.14 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 company has a 50 day moving average price of $43.14 and a 200 day moving average price of $43.74.

UDR (NYSE:UDR) last issued its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.63 EPS for the quarter, beating the consensus estimate of $0.10 by $0.53. UDR had a return on equity of 2.65% and a net margin of 5.36%. As a group, sell-side analysts forecast 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. Stockholders of record on Thursday, April 10th will be paid a dividend of $0.43 per share. This is a positive change from UDR’s previous quarterly dividend of $0.43. This represents a $1.72 annualized dividend and a dividend yield of 3.81%. The ex-dividend date of this dividend is Thursday, April 10th. UDR’s dividend payout ratio is presently 688.00%.

Insider Activity

In other UDR news, CEO Thomas W. Toomey sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $42.75, for a total value 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. This trade represents a 2.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.73% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC raised its position in UDR by 16.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 10,739 shares of the real estate investment trust’s stock worth $466,000 after acquiring an additional 1,497 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of UDR during the 4th quarter worth about $42,073,000. Mackenzie Financial Corp boosted its holdings in UDR by 20.7% in the 4th quarter. Mackenzie Financial Corp now owns 13,605 shares of the real estate investment trust’s stock worth $591,000 after buying an additional 2,331 shares during the last quarter. Toronto Dominion Bank increased its stake in UDR by 8.4% during the 4th quarter. Toronto Dominion Bank now owns 162,338 shares of the real estate investment trust’s stock worth $7,047,000 after buying an additional 12,512 shares in the last quarter. Finally, GF Fund Management CO. LTD. purchased a new position in shares of UDR in the fourth quarter valued at approximately $247,000. 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.