UDR (NYSE:UDR) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of UDR (NYSE:UDR) from a sell rating to a hold rating in a research report sent to investors on Thursday morning.

UDR has been the subject of a number of other research reports. Royal Bank of Canada cut their target price on shares of UDR from $46.00 to $45.00 and set a “sector perform” rating for the company in a research report on Tuesday, November 5th. Barclays lowered their target price on UDR from $50.00 to $48.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Wells Fargo & Company cut their price target on UDR from $48.00 to $45.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Jefferies Financial Group downgraded UDR from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $50.00 to $45.00 in a report on Thursday, January 2nd. Finally, Scotiabank decreased their target price on shares of UDR from $49.00 to $48.00 and set a “sector perform” rating for the company in a research report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, UDR presently has a consensus rating of “Hold” and an average price target of $46.06.

UDR Trading Up 1.8 %

NYSE:UDR opened at $42.99 on Thursday. The stock has a fifty day simple moving average of $42.78 and a 200 day simple moving average of $43.43. The firm has a market capitalization of $14.18 billion, a price-to-earnings ratio of 116.18, a price-to-earnings-growth ratio of 11.38 and a beta of 0.88. UDR has a 1-year low of $34.19 and a 1-year high of $47.55. 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 (NYSE:UDR) last released its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.53. UDR had a net margin of 7.68% and a return on equity of 3.57%. Sell-side analysts forecast that UDR will post 2.48 earnings per share for the current year.

UDR Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 9th were paid a dividend of $0.425 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.70 annualized dividend and a yield of 3.95%. UDR’s dividend payout ratio is 459.47%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Activest Wealth Management acquired a new stake in shares of UDR during the 3rd quarter valued at about $27,000. Brooklyn Investment Group bought a new stake in UDR in the third quarter valued at $33,000. Continuum Advisory LLC raised its stake in UDR by 5,335.3% during the third quarter. Continuum Advisory LLC now owns 924 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 907 shares in the last quarter. Mather Group LLC. boosted its stake in shares of UDR by 58.2% in the 3rd quarter. Mather Group LLC. now owns 998 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 367 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in shares of UDR by 68.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,206 shares of the real estate investment trust’s stock worth $52,000 after purchasing an additional 491 shares during the last quarter. 97.84% of the stock is currently owned by institutional investors and hedge funds.

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.