UDR, Inc. (NYSE:UDR) Receives Average Recommendation of “Hold” from Brokerages

UDR, Inc. (NYSE:UDR) has received a consensus recommendation of “Hold” from the sixteen research firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $45.19.

UDR has been the topic of a number of research reports. UBS Group raised their price target on UDR from $48.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday, September 12th. Evercore ISI boosted 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. Scotiabank reduced their price target on shares of UDR from $49.00 to $48.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 14th. Wells Fargo & Company boosted their price objective on shares of UDR from $41.00 to $48.00 and gave the stock an “overweight” rating in a report on Monday, August 26th. Finally, Piper Sandler increased their target price on shares of UDR from $40.00 to $46.00 and gave the company a “neutral” rating in a report on Monday, August 26th.

Institutional Trading of UDR

Several large investors have recently added to or reduced their stakes in the stock. FMR LLC raised its holdings in UDR by 14.8% in the 3rd quarter. FMR LLC now owns 11,401,026 shares of the real estate investment trust’s stock worth $516,923,000 after purchasing an additional 1,471,855 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in UDR by 2.3% during the 3rd quarter. Daiwa Securities Group Inc. now owns 7,109,980 shares of the real estate investment trust’s stock valued at $322,366,000 after acquiring an additional 159,625 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in UDR by 2.2% in the second quarter. Dimensional Fund Advisors LP now owns 4,732,429 shares of the real estate investment trust’s stock worth $194,737,000 after purchasing an additional 103,384 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in UDR by 2.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,272,032 shares of the real estate investment trust’s stock worth $193,694,000 after purchasing an additional 117,213 shares in the last quarter. Finally, Millennium Management LLC lifted its position in UDR by 115.3% during the second quarter. Millennium Management LLC now owns 3,499,150 shares of the real estate investment trust’s stock valued at $143,990,000 after buying an additional 1,874,096 shares during the period. Institutional investors own 97.84% of the company’s stock.

UDR Stock Performance

NYSE UDR opened at $44.47 on Friday. UDR has a 52-week low of $34.19 and a 52-week high of $47.55. The company has a fifty day moving average of $44.37 and a 200-day moving average of $42.93. The company has a market capitalization of $14.67 billion, a P/E ratio of 120.19, a P/E/G ratio of 12.34 and a beta of 0.87. The company has a debt-to-equity ratio of 1.69, a quick ratio of 5.91 and a current ratio of 5.91.

UDR Announces Dividend

The firm also recently announced 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 dividend yield of 3.82%. UDR’s dividend payout ratio is presently 459.47%.

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.