BMO Capital Markets reiterated their hold rating on shares of UDR (NYSE:UDR) in a report issued on Tuesday, January 9th. The brokerage currently has a $40.00 price target on the real estate investment trust’s stock.
Several other equities research analysts also recently weighed in on UDR. Cantor Fitzgerald reiterated a buy rating and issued a $42.00 price target on shares of UDR in a report on Wednesday, September 13th. Robert W. Baird upgraded UDR from a neutral rating to an outperform rating and set a $41.00 price target on the stock in a report on Thursday, October 5th. Mizuho reissued a buy rating and issued a $43.00 price objective on shares of UDR in a research note on Monday, November 6th. Royal Bank of Canada increased their price objective on UDR from $39.00 to $40.00 and gave the stock a sector perform rating in a research note on Wednesday, November 8th. Finally, SunTrust Banks cut UDR from a buy rating to a hold rating and set a $41.00 price objective on the stock. in a research note on Wednesday, November 29th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company. UDR has an average rating of Hold and a consensus price target of $40.23.
Shares of UDR (NYSE UDR) traded up $0.01 during mid-day trading on Tuesday, reaching $36.08. The company’s stock had a trading volume of 1,036,859 shares, compared to its average volume of 1,453,664. UDR has a fifty-two week low of $34.41 and a fifty-two week high of $40.71. The company has a debt-to-equity ratio of 1.31, a quick ratio of 5.45 and a current ratio of 5.45. The stock has a market capitalization of $9,558.89, a P/E ratio of 34.04, a PEG ratio of 3.06 and a beta of 0.39.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 10th will be given a $0.31 dividend. The ex-dividend date is Tuesday, January 9th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.44%. UDR’s payout ratio is 116.98%.
In other news, CEO Thomas W. Toomey sold 20,000 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $39.20, for a total value of $784,000.00. Following the completion of the sale, the chief executive officer now owns 1,127,925 shares of the company’s stock, valued at approximately $44,214,660. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.07% of the stock is owned by company insiders.
Several institutional investors have recently bought and sold shares of UDR. Quantitative Investment Management LLC boosted its position in shares of UDR by 429.7% in the 2nd quarter. Quantitative Investment Management LLC now owns 151,500 shares of the real estate investment trust’s stock worth $5,903,000 after purchasing an additional 122,900 shares in the last quarter. WESCAP Management Group Inc. boosted its position in shares of UDR by 55.1% in the 3rd quarter. WESCAP Management Group Inc. now owns 10,949 shares of the real estate investment trust’s stock worth $416,000 after purchasing an additional 3,890 shares in the last quarter. ING Groep NV boosted its position in shares of UDR by 69.1% in the 3rd quarter. ING Groep NV now owns 23,124 shares of the real estate investment trust’s stock worth $879,000 after purchasing an additional 9,448 shares in the last quarter. Norinchukin Bank The boosted its position in shares of UDR by 7.3% in the 3rd quarter. Norinchukin Bank The now owns 19,915 shares of the real estate investment trust’s stock worth $757,000 after purchasing an additional 1,360 shares in the last quarter. Finally, Parametric Portfolio Associates LLC boosted its position in shares of UDR by 10.4% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 356,028 shares of the real estate investment trust’s stock worth $13,540,000 after purchasing an additional 33,449 shares in the last quarter. 96.53% of the stock is owned by hedge funds and other institutional investors.
UDR, Inc is a self-administered real estate investment trust. The Company owns, operates, acquires, renovates, develops, redevelops, disposes of and manages multifamily apartment communities generally located in various markets across the United States. The Company’s segments are Same-Store Communities and Non-Mature Communities/Other.
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