UDR, Inc. (NYSE:UDR – Get Free Report) announced a quarterly dividend on Thursday, September 19th, NASDAQ reports. Investors of record on Thursday, October 10th will be paid a dividend of 0.425 per share by the real estate investment trust on Thursday, October 31st. This represents a $1.70 annualized dividend and a dividend yield of 3.73%. The ex-dividend date is Thursday, October 10th.
UDR has raised its dividend payment by an average of 4.9% annually over the last three years and has increased its dividend annually for the last 14 consecutive years. UDR has a dividend payout ratio of 361.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect UDR to earn $2.54 per share next year, which means the company should continue to be able to cover its $1.70 annual dividend with an expected future payout ratio of 66.9%.
UDR Price Performance
UDR traded down $0.53 on Friday, hitting $45.62. 4,014,583 shares of the company’s stock were exchanged, compared to its average volume of 2,592,850. UDR has a fifty-two week low of $30.95 and a fifty-two week high of $47.55. The stock has a market cap of $15.02 billion, a price-to-earnings ratio of 33.06, a P/E/G ratio of 10.30 and a beta of 0.85. The firm has a 50-day moving average price of $42.83 and a 200-day moving average price of $40.00. The company has a current ratio of 5.82, a quick ratio of 5.82 and a debt-to-equity ratio of 1.57.
Analysts Set New Price Targets
A number of equities analysts recently commented on UDR shares. The Goldman Sachs Group assumed coverage on UDR in a research report on Wednesday, September 4th. They set a “sell” rating and a $42.00 price objective on the stock. Evercore ISI boosted their price target on shares of UDR from $42.00 to $43.00 and gave the company an “in-line” rating in a research report on Monday, September 9th. Wedbush raised their price objective on shares of UDR from $45.00 to $49.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Truist Financial boosted their target price on shares of UDR from $44.00 to $47.00 and gave the company a “buy” rating in a report on Monday, August 26th. Finally, JPMorgan Chase & Co. raised their price target on shares of UDR from $43.00 to $50.00 and gave the stock an “overweight” rating in a report on Monday. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, UDR presently has a consensus rating of “Hold” and a consensus target price of $44.28.
View Our Latest Stock Analysis on UDR
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.
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