UDR, Inc. (NYSE:UDR) Given Consensus Recommendation of “Hold” by Brokerages

UDR, Inc. (NYSE:UDR) has received an average recommendation of “Hold” from the seventeen ratings firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $46.35.

A number of research analysts have commented on UDR shares. Barclays began coverage on shares of UDR in a research report on Tuesday, December 17th. They issued an “overweight” rating and a $50.00 target price on the stock. Jefferies Financial Group cut shares of UDR from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $50.00 to $45.00 in a research report on Thursday, January 2nd. StockNews.com lowered UDR from a “hold” rating to a “sell” rating in a research report on Thursday, January 2nd. Mizuho decreased their price target on UDR from $47.00 to $45.00 and set a “neutral” rating on the stock in a research note on Monday. Finally, Royal Bank of Canada dropped their price objective on UDR from $46.00 to $45.00 and set a “sector perform” rating for the company in a research note on Tuesday, November 5th.

UDR Stock Performance

Shares of UDR stock opened at $41.20 on Thursday. The firm has a market cap of $13.59 billion, a PE ratio of 111.35, a price-to-earnings-growth ratio of 12.34 and a beta of 0.89. The company has a quick ratio of 5.91, a current ratio of 5.91 and a debt-to-equity ratio of 1.69. UDR has a 52 week low of $34.19 and a 52 week high of $47.55. The business’s fifty day simple moving average is $43.98 and its 200-day simple moving average is $43.39.

UDR Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, January 9th will be issued a $0.425 dividend. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.13%. UDR’s payout ratio is 459.46%.

Institutional Trading of UDR

Institutional investors have recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in UDR by 862.3% during the third 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 worth $139,963,000 after purchasing an additional 2,766,172 shares in the last quarter. Mizuho Securities USA LLC grew its position in shares of UDR by 8,460.5% in 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 buying an additional 1,976,637 shares during the last quarter. Millennium Management LLC raised its stake in UDR by 115.3% during the 2nd quarter. Millennium Management LLC now owns 3,499,150 shares of the real estate investment trust’s stock worth $143,990,000 after acquiring an additional 1,874,096 shares in the last quarter. FMR LLC lifted its position 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 valued at $516,923,000 after acquiring an additional 1,471,855 shares during the last quarter. Finally, APG Asset Management US Inc. acquired a new position in UDR in the second quarter valued at $22,572,000. 97.84% of the stock is owned by hedge funds and other 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.