UDR, Inc. (UDR) to Issue Quarterly Dividend of $0.43 on January 31st

UDR, Inc. (NYSE:UDR) announced a quarterly dividend on Thursday, December 19th,RTT News reports. Investors of record on Thursday, January 9th will be paid a dividend of 0.425 per share by the real estate investment trust on Friday, January 31st. This represents a $1.70 dividend on an annualized basis and a yield of 3.91%. The ex-dividend date of this dividend is Thursday, January 9th.

UDR has raised its dividend payment by an average of 4.9% annually over the last three years and has raised its dividend every year for the last 14 years. UDR has a payout ratio of 361.7% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect UDR to earn $2.53 per share next year, which means the company should continue to be able to cover its $1.70 annual dividend with an expected future payout ratio of 67.2%.

UDR Stock Performance

Shares of UDR stock opened at $43.46 on Friday. UDR has a 52-week low of $34.19 and a 52-week high of $47.55. The stock’s 50-day moving average price is $44.34 and its 200 day moving average price is $43.11. The company has a quick ratio of 5.91, a current ratio of 5.91 and a debt-to-equity ratio of 1.69. The stock has a market capitalization of $14.34 billion, a PE ratio of 117.46, a price-to-earnings-growth ratio of 12.34 and a beta of 0.87.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Scotiabank dropped their price objective on shares of UDR from $49.00 to $48.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 14th. StockNews.com upgraded shares of UDR from a “sell” rating to a “hold” rating in a research report on Saturday. 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. UBS Group lifted their price target on UDR from $48.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, September 12th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on UDR from $40.00 to $44.00 and gave the stock a “hold” rating in a research report on Tuesday, September 10th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $46.00.

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.