Brokerages Set UDR, Inc. (NYSE:UDR) PT at $45.19

Shares of UDR, Inc. (NYSE:UDR) have been assigned a consensus recommendation of “Hold” from the sixteen research firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and eight have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $46.00.

UDR has been the topic of a number of recent analyst reports. Evercore ISI increased their price target on shares of UDR from $42.00 to $43.00 and gave the stock an “in-line” rating in a report on Monday, September 9th. Barclays initiated coverage on shares of UDR in a research note on Tuesday. They set an “overweight” rating and a $50.00 target price on the stock. BNP Paribas assumed coverage on UDR in a research note on Wednesday, September 11th. They issued an “outperform” rating and a $49.00 price target for the company. Truist Financial upped their price target on UDR from $44.00 to $47.00 and gave the stock a “buy” rating in a report on Monday, August 26th. Finally, Piper Sandler raised their price objective on UDR from $40.00 to $46.00 and gave the company a “neutral” rating in a report on Monday, August 26th.

UDR Trading Down 0.7 %

UDR stock opened at $44.41 on Friday. The firm has a market cap of $14.65 billion, a PE ratio of 120.03, a P/E/G ratio of 12.34 and a beta of 0.87. UDR has a 12 month low of $34.19 and a 12 month high of $47.55. The stock’s 50 day simple moving average is $44.38 and its two-hundred day simple moving average is $43.09. The company has a current ratio of 5.91, a quick ratio of 5.91 and a debt-to-equity ratio of 1.69.

UDR Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th were paid a dividend of $0.425 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.70 annualized dividend and a yield of 3.83%. UDR’s dividend payout ratio (DPR) is presently 459.47%.

Institutional Investors Weigh In On UDR

A number of hedge funds have recently modified their holdings of the business. Family Firm Inc. acquired a new position in UDR during the second quarter worth $26,000. Activest Wealth Management acquired a new position in shares of UDR during the 3rd quarter valued at about $27,000. UMB Bank n.a. purchased a new stake in shares of UDR in the second quarter valued at about $33,000. Brooklyn Investment Group acquired a new stake in UDR during the third quarter worth about $33,000. Finally, Rothschild Investment LLC purchased a new position in UDR during the second quarter worth about $35,000. 97.84% of the stock is currently 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.