Mizuho Issues Pessimistic Forecast for UDR (NYSE:UDR) Stock Price

UDR (NYSE:UDR) had its price objective cut by Mizuho from $47.00 to $45.00 in a report issued on Monday morning,Benzinga reports. They currently have a neutral rating on the real estate investment trust’s stock.

Several other research firms have also commented on UDR. Jefferies Financial Group lowered UDR from a “buy” rating to a “hold” rating and lowered their target price for the company from $50.00 to $45.00 in a report on Thursday, January 2nd. Royal Bank of Canada cut their price objective on shares of UDR from $46.00 to $45.00 and set a “sector perform” rating on the stock in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft lifted their price target on UDR from $40.00 to $44.00 and gave the company a “hold” rating in a report on Tuesday, September 10th. BNP Paribas initiated coverage on UDR in a research note on Wednesday, September 11th. They set an “outperform” rating and a $49.00 target price on the stock. Finally, Evercore ISI raised their price target on UDR from $42.00 to $43.00 and gave the company an “in-line” rating in a report on Monday, September 9th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $46.35.

UDR Stock Down 3.9 %

Shares of NYSE:UDR opened at $41.41 on Monday. The company’s fifty day moving average is $44.13 and its two-hundred day moving average is $43.40. 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 has a 1-year low of $34.19 and a 1-year high of $47.55. The stock has a market capitalization of $13.66 billion, a price-to-earnings ratio of 111.92, a price-to-earnings-growth ratio of 12.34 and a beta of 0.89.

UDR Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, January 9th will be paid a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 4.11%. The ex-dividend date of this dividend is Friday, January 10th. UDR’s dividend payout ratio is presently 459.46%.

Institutional Investors Weigh In On UDR

A number of institutional investors and hedge funds have recently modified their holdings of UDR. International Assets Investment Management LLC raised its holdings in UDR by 4,436.2% during the 3rd quarter. International Assets Investment Management LLC now owns 44,228 shares of the real estate investment trust’s stock worth $2,005,000 after buying an additional 43,253 shares during the period. Los Angeles Capital Management LLC boosted its holdings in UDR by 1,665.3% in the third quarter. Los Angeles Capital Management LLC now owns 369,448 shares of the real estate investment trust’s stock worth $16,751,000 after purchasing an additional 348,520 shares in the last quarter. MQS Management LLC bought a new stake in UDR during the third quarter worth approximately $712,000. JPMorgan Chase & Co. grew its stake in UDR by 5.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,774,541 shares of the real estate investment trust’s stock valued at $352,498,000 after buying an additional 368,087 shares during the last quarter. Finally, Millennium Management LLC increased its stake in shares of UDR by 115.3% in the second quarter. Millennium Management LLC now owns 3,499,150 shares of the real estate investment trust’s stock worth $143,990,000 after purchasing an additional 1,874,096 shares during the period. 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.