UDR (NYSE:UDR) Given New $45.00 Price Target at Mizuho

UDR (NYSE:UDR) had its target price cut by Mizuho from $47.00 to $45.00 in a research report report published on Monday morning,Benzinga reports. They currently have a neutral rating on the real estate investment trust’s stock.

Several other equities analysts have also recently issued reports on the company. StockNews.com cut UDR from a “hold” rating to a “sell” rating in a research note on Thursday, January 2nd. Royal Bank of Canada dropped their price target on UDR from $46.00 to $45.00 and set a “sector perform” rating on the stock in a research report on Tuesday, November 5th. UBS Group lifted their price target on UDR from $48.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday, September 12th. JPMorgan Chase & Co. lifted their price target on UDR from $43.00 to $50.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. Finally, Evercore ISI lifted their price target on UDR from $42.00 to $43.00 and gave the company an “in-line” rating in a research report on Monday, September 9th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $46.35.

UDR Price Performance

UDR opened at $41.20 on Monday. The company has a debt-to-equity ratio of 1.69, a quick ratio of 5.91 and a current ratio of 5.91. UDR has a 52-week low of $34.19 and a 52-week high of $47.55. The stock has a market capitalization of $13.59 billion, a PE ratio of 111.35, a price-to-earnings-growth ratio of 12.34 and a beta of 0.89. The stock’s 50 day moving average price is $43.98 and its 200-day moving average price is $43.39.

UDR Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, January 9th will be issued a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 4.13%. The ex-dividend date of this dividend is Friday, January 10th. UDR’s dividend payout ratio (DPR) is 459.46%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. GAMMA Investing LLC lifted its holdings in shares of UDR by 14.6% during the fourth quarter. GAMMA Investing LLC now owns 8,460 shares of the real estate investment trust’s stock valued at $367,000 after purchasing an additional 1,080 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of UDR by 5.0% during the third quarter. JPMorgan Chase & Co. now owns 7,774,541 shares of the real estate investment trust’s stock valued at $352,498,000 after purchasing an additional 368,087 shares in the last quarter. Inspire Trust Co. N.A. lifted its holdings in shares of UDR by 12.3% during the third quarter. Inspire Trust Co. N.A. now owns 27,415 shares of the real estate investment trust’s stock valued at $1,243,000 after purchasing an additional 3,000 shares in the last quarter. Tidal Investments LLC lifted its holdings in shares of UDR by 25.5% during the third quarter. Tidal Investments LLC now owns 18,053 shares of the real estate investment trust’s stock valued at $819,000 after purchasing an additional 3,665 shares in the last quarter. Finally, Unigestion Holding SA bought a new position in shares of UDR during the third quarter valued at $533,000. 97.84% of the stock is owned by institutional investors.

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.