UDR, Inc. (NYSE:UDR) Receives $42.82 Average Target Price from Brokerages

UDR, Inc. (NYSE:UDR) has been given a consensus recommendation of “Hold” by the seventeen ratings firms that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $42.82.

Several equities analysts have recently commented on UDR shares. Piper Sandler upped their price target on shares of UDR from $40.00 to $46.00 and gave the stock a “neutral” rating in a research report on Monday, August 26th. Mizuho upped their price objective on shares of UDR from $35.00 to $38.00 and gave the company a “neutral” rating in a research note on Thursday, May 30th. Evercore ISI increased their price target on shares of UDR from $40.00 to $42.00 and gave the stock an “in-line” rating in a research report on Wednesday, August 28th. Scotiabank increased their price objective on UDR from $43.00 to $45.00 and gave the stock a “sector perform” rating in a report on Monday, August 26th. Finally, Morgan Stanley increased their price target on UDR from $37.00 to $40.00 and gave the company an “equal weight” rating in a report on Tuesday, May 14th.

UDR Stock Performance

Shares of UDR opened at $44.05 on Friday. The company has a 50-day moving average of $41.86 and a two-hundred day moving average of $39.39. The company has a current ratio of 5.82, a quick ratio of 5.82 and a debt-to-equity ratio of 1.57. The stock has a market cap of $14.51 billion, a P/E ratio of 31.92, a PEG ratio of 9.78 and a beta of 0.85. UDR has a 12-month low of $30.95 and a 12-month high of $45.10.

UDR (NYSE:UDR) last released its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.53). UDR had a net margin of 8.34% and a return on equity of 3.70%. The company had revenue of $415.30 million during the quarter, compared to analysts’ expectations of $413.75 million. During the same quarter in the previous year, the firm posted $0.61 earnings per share. UDR’s revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, research analysts predict that UDR will post 2.46 EPS for the current fiscal year.

UDR Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 10th were given a dividend of $0.425 per share. The ex-dividend date was Wednesday, July 10th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.86%. UDR’s dividend payout ratio is presently 123.19%.

Institutional Trading of UDR

A number of hedge funds and other institutional investors have recently made changes to their positions in UDR. Principal Securities Inc. purchased a new stake in UDR during the 4th quarter valued at about $26,000. Fidelis Capital Partners LLC bought a new position in UDR during the 1st quarter valued at approximately $26,000. Family Firm Inc. bought a new stake in shares of UDR in the 2nd quarter worth $26,000. Quest Partners LLC bought a new stake in shares of UDR in the 4th quarter worth $27,000. Finally, UMB Bank n.a. purchased a new position in shares of UDR in the 2nd quarter worth $33,000. 97.84% of the stock is currently 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.