UDR (NYSE:UDR) Lowered to “Sell” Rating by StockNews.com

StockNews.com cut shares of UDR (NYSE:UDR) from a hold rating to a sell rating in a research report released on Tuesday morning.

UDR has been the topic of a number of other reports. Evercore ISI upped their target price on UDR from $42.00 to $43.00 and gave the stock an “in-line” rating in a research report on Monday, September 9th. The Goldman Sachs Group began coverage on shares of UDR in a research note on Wednesday, September 4th. They issued a “sell” rating and a $42.00 price objective on the stock. BNP Paribas began coverage on shares of UDR in a research report on Wednesday, September 11th. They set an “outperform” rating and a $49.00 target price for the company. Wells Fargo & Company raised their price target on shares of UDR from $41.00 to $48.00 and gave the company an “overweight” rating in a research report on Monday, August 26th. Finally, Piper Sandler boosted their price objective on UDR from $40.00 to $46.00 and gave the stock a “neutral” rating in a report on Monday, August 26th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, UDR presently has a consensus rating of “Hold” and an average target price of $45.18.

UDR Stock Performance

Shares of UDR stock opened at $44.50 on Tuesday. The business has a 50-day simple moving average of $44.63 and a 200 day simple moving average of $42.18. The firm has a market capitalization of $14.68 billion, a price-to-earnings ratio of 120.27, a PEG ratio of 12.30 and a beta of 0.85. The company has a debt-to-equity ratio of 1.69, a current ratio of 5.91 and a quick ratio of 5.91. UDR has a one year low of $32.37 and a one year high of $47.55.

UDR Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 10th were issued a dividend of $0.425 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.70 dividend on an annualized basis and a yield of 3.82%. UDR’s dividend payout ratio (DPR) is presently 459.47%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Family Firm Inc. purchased a new position in UDR in the second quarter valued at approximately $26,000. Activest Wealth Management bought a new stake in shares of UDR in the third quarter valued at $27,000. UMB Bank n.a. purchased a new position in shares of UDR during the 2nd quarter valued at $33,000. Brooklyn Investment Group bought a new position in shares of UDR during the 3rd quarter worth $33,000. Finally, Rothschild Investment LLC purchased a new stake in UDR in the 2nd quarter worth about $35,000. 97.84% of the stock is owned by institutional investors.

About UDR

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.