Shares of UDR, Inc. (NYSE:UDR – Get Free Report) 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.
Check Out Our Latest Research Report on UDR
Institutional Inflows and Outflows
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 – Get Free Report) 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.
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