Brokerages Set UDR, Inc. (NYSE:UDR) Price Target at $45.18

UDR, Inc. (NYSE:UDR) has earned a consensus rating of “Hold” from the seventeen brokerages that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $45.18.

Several brokerages have commented on UDR. Deutsche Bank Aktiengesellschaft lifted their price target on UDR from $40.00 to $44.00 and gave the stock a “hold” rating in a research report on Tuesday, September 10th. Scotiabank dropped their target price 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. StockNews.com downgraded shares of UDR from a “hold” rating to a “sell” rating in a report on Tuesday. Truist Financial boosted their price objective on shares of UDR from $44.00 to $47.00 and gave the stock a “buy” rating in a report on Monday, August 26th. Finally, Evercore ISI increased their target price on shares of UDR from $42.00 to $43.00 and gave the company an “in-line” rating in a research note on Monday, September 9th.

UDR Trading Up 0.6 %

Shares of NYSE:UDR opened at $45.09 on Wednesday. The company has a debt-to-equity ratio of 1.69, a quick ratio of 5.91 and a current ratio of 5.91. The stock’s 50-day moving average is $44.54 and its 200-day moving average is $42.26. The company has a market cap of $14.88 billion, a P/E ratio of 121.11, a P/E/G ratio of 12.35 and a beta of 0.85. UDR has a 52-week low of $32.85 and a 52-week high of $47.55.

UDR Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th were issued a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 3.77%. The ex-dividend date was Thursday, October 10th. UDR’s payout ratio is 459.47%.

Hedge Funds Weigh In On UDR

Several institutional investors have recently added to or reduced their stakes in UDR. Capital Research Global Investors acquired a new stake in shares of UDR during the first quarter worth approximately $176,137,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in UDR by 862.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,086,964 shares of the real estate investment trust’s stock valued at $139,963,000 after purchasing an additional 2,766,172 shares in the last quarter. Mizuho Securities USA LLC increased its holdings in UDR by 8,460.5% during the 3rd quarter. Mizuho Securities USA LLC now owns 2,000,000 shares of the real estate investment trust’s stock valued at $90,680,000 after purchasing an additional 1,976,637 shares in the last quarter. Millennium Management LLC raised its position in UDR by 115.3% in the 2nd quarter. Millennium Management LLC now owns 3,499,150 shares of the real estate investment trust’s stock valued at $143,990,000 after purchasing an additional 1,874,096 shares during the last quarter. Finally, FMR LLC boosted its stake in UDR by 14.8% in the third 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. 97.84% of the stock is 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.