UDR, Inc. (NYSE:UDR) Receives $46.12 Consensus PT from Analysts

Shares of UDR, Inc. (NYSE:UDR) have been assigned an average recommendation of “Hold” from the eighteen brokerages that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $46.12.

Several research analysts have recently weighed in on the stock. Mizuho lowered their price target on shares of UDR from $47.00 to $45.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Jefferies Financial Group lowered shares of UDR from a “buy” rating to a “hold” rating and decreased their target price for the company from $50.00 to $45.00 in a report on Thursday, January 2nd. Evercore ISI increased their price target on shares of UDR from $43.00 to $45.00 and gave the company an “in-line” rating in a research note on Monday, February 10th. Barclays reduced their price target on shares of UDR from $50.00 to $48.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Finally, Wells Fargo & Company decreased their price objective on UDR from $48.00 to $45.00 and set an “overweight” rating on the stock in a report on Friday, January 24th.

UDR Stock Performance

UDR opened at $45.19 on Tuesday. The firm has a market capitalization of $14.97 billion, a PE ratio of 180.78, a PEG ratio of 8.67 and a beta of 0.88. The company has a current ratio of 5.61, a quick ratio of 5.91 and a debt-to-equity ratio of 1.71. UDR has a twelve month low of $35.14 and a twelve month high of $47.55. The firm’s 50-day moving average price is $43.14 and its 200 day moving average price is $43.74.

UDR (NYSE:UDR) last posted its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.53. UDR had a return on equity of 2.65% and a net margin of 5.36%. As a group, sell-side analysts expect that UDR will post 2.51 EPS for the current fiscal year.

UDR Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 10th will be issued a $0.43 dividend. The ex-dividend date is Thursday, April 10th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.81%. This is a boost from UDR’s previous quarterly dividend of $0.43. UDR’s payout ratio is 688.00%.

Insiders Place Their Bets

In other news, CEO Thomas W. Toomey sold 25,000 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $42.75, for a total transaction of $1,068,750.00. Following the sale, the chief executive officer now owns 824,716 shares of the company’s stock, valued at approximately $35,256,609. This represents a 2.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.73% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Brooklyn Investment Group purchased a new position in shares of UDR in the 3rd quarter valued at about $33,000. Continuum Advisory LLC lifted its stake in UDR by 5,335.3% in 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 during the last quarter. Smartleaf Asset Management LLC lifted its stake in UDR by 68.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,206 shares of the real estate investment trust’s stock worth $52,000 after acquiring an additional 491 shares during the last quarter. Salem Investment Counselors Inc. increased its position in shares of UDR by 62.7% in the 4th quarter. Salem Investment Counselors Inc. now owns 1,349 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 520 shares during the last quarter. Finally, Catalyst Capital Advisors LLC acquired a new stake in shares of UDR in the 4th quarter valued at $63,000. 97.84% of the stock is 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.