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

UDR, Inc. (NYSE:UDR) has received an average rating of “Hold” from the seventeen ratings firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $45.18.

Several research firms have weighed in on UDR. The Goldman Sachs Group began coverage on UDR in a research report on Wednesday, September 4th. They issued a “sell” rating and a $42.00 price objective on the stock. Evercore ISI boosted their target price on UDR from $42.00 to $43.00 and gave the stock an “in-line” rating in a research report on Monday, September 9th. Royal Bank of Canada reduced their target price on UDR from $46.00 to $45.00 and set a “sector perform” rating for the company in a research report on Tuesday, November 5th. Wedbush upped their price objective on UDR from $45.00 to $49.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Finally, Truist Financial increased their target price on UDR from $44.00 to $47.00 and gave the company a “buy” rating in a report on Monday, August 26th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in UDR. CWM LLC increased its position in UDR by 10.0% during the 3rd quarter. CWM LLC now owns 3,802 shares of the real estate investment trust’s stock valued at $172,000 after buying an additional 347 shares in the last quarter. Empowered Funds LLC increased its position in UDR by 7.1% during the 3rd quarter. Empowered Funds LLC now owns 5,246 shares of the real estate investment trust’s stock valued at $238,000 after buying an additional 350 shares in the last quarter. Mather Group LLC. increased its position in UDR by 58.2% during the 3rd quarter. Mather Group LLC. now owns 998 shares of the real estate investment trust’s stock valued at $45,000 after buying an additional 367 shares in the last quarter. Truist Financial Corp boosted its stake in UDR by 0.6% during the 2nd quarter. Truist Financial Corp now owns 66,673 shares of the real estate investment trust’s stock valued at $2,744,000 after purchasing an additional 414 shares during the last quarter. Finally, TCV Trust & Wealth Management Inc. boosted its stake in UDR by 8.2% during the 3rd quarter. TCV Trust & Wealth Management Inc. now owns 5,589 shares of the real estate investment trust’s stock valued at $253,000 after purchasing an additional 424 shares during the last quarter. Institutional investors own 97.84% of the company’s stock.

UDR Stock Up 0.6 %

Shares of NYSE:UDR opened at $45.09 on Wednesday. The stock has a market cap of $14.88 billion, a price-to-earnings ratio of 121.86, a PEG ratio of 12.51 and a beta of 0.85. The company has a quick ratio of 5.91, a current ratio of 5.91 and a debt-to-equity ratio of 1.69. UDR has a 12-month low of $32.85 and a 12-month high of $47.55. The business’s 50 day moving average is $44.50 and its 200 day moving average is $42.35.

UDR Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th were given a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 3.77%. The ex-dividend date was Thursday, October 10th. UDR’s dividend payout ratio is currently 459.46%.

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.