UDR (NYSE:UDR) Given New $45.00 Price Target at Wells Fargo & Company

UDR (NYSE:UDR) had its price target decreased by Wells Fargo & Company from $48.00 to $45.00 in a research report report published on Friday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the real estate investment trust’s stock.

Other equities analysts have also recently issued reports about the company. Jefferies Financial Group cut UDR from a “buy” rating to a “hold” rating and reduced their target price for the company from $50.00 to $45.00 in a research note on Thursday, January 2nd. Mizuho decreased their price objective on shares of UDR from $47.00 to $45.00 and set a “neutral” rating for the company in a report on Monday, January 6th. StockNews.com downgraded shares of UDR from a “hold” rating to a “sell” rating in a research report on Thursday, January 2nd. Royal Bank of Canada decreased their price target on UDR from $46.00 to $45.00 and set a “sector perform” rating for the company in a research note on Tuesday, November 5th. Finally, Scotiabank cut their price objective on UDR from $49.00 to $48.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 14th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $46.06.

UDR Trading Up 0.8 %

Shares of UDR opened at $40.63 on Friday. UDR has a one year low of $34.19 and a one year high of $47.55. The stock has a 50-day moving average price of $43.42 and a 200 day moving average price of $43.38. The company has a debt-to-equity ratio of 1.69, a quick ratio of 5.91 and a current ratio of 5.91. The company has a market capitalization of $13.41 billion, a P/E ratio of 109.81, a P/E/G ratio of 11.03 and a beta of 0.89.

UDR Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, January 9th will be issued a dividend of $0.425 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.18%. UDR’s dividend payout ratio (DPR) is presently 459.47%.

Hedge Funds Weigh In On UDR

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Activest Wealth Management bought a new position in shares of UDR in the third quarter worth $27,000. Brooklyn Investment Group acquired a new stake in UDR in the third quarter worth about $33,000. Continuum Advisory LLC grew its position in UDR by 5,335.3% in the 3rd quarter. Continuum Advisory LLC now owns 924 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 907 shares in the last quarter. Mather Group LLC. increased its stake 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 during the period. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of UDR during the 2nd quarter worth about $54,000. 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.