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

Shares of UDR, Inc. (NYSE:UDR) have received an average recommendation of “Hold” from the seventeen analysts that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $44.94.

A number of brokerages have recently commented on UDR. JPMorgan Chase & Co. raised their target price on shares of UDR from $43.00 to $50.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. BNP Paribas began coverage on shares of UDR in a research report on Wednesday, September 11th. They set an “outperform” rating and a $49.00 target price on the stock. Scotiabank raised their target price on shares of UDR from $45.00 to $49.00 and gave the stock a “sector perform” rating in a research report on Monday, September 16th. Wells Fargo & Company raised their target price on shares of UDR from $41.00 to $48.00 and gave the stock an “overweight” rating in a research report on Monday, August 26th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of UDR from $40.00 to $44.00 and gave the stock a “hold” rating in a research report on Tuesday, September 10th.

Institutional Investors Weigh In On UDR

Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in UDR by 0.5% in the first quarter. Vanguard Group Inc. now owns 51,063,214 shares of the real estate investment trust’s stock valued at $1,910,275,000 after acquiring an additional 233,475 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in UDR by 370.6% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 222,940 shares of the real estate investment trust’s stock valued at $8,340,000 after acquiring an additional 175,566 shares in the last quarter. Simplicity Wealth LLC acquired a new stake in UDR in the second quarter valued at approximately $2,135,000. Bessemer Group Inc. boosted its stake in UDR by 2,250.3% in the first quarter. Bessemer Group Inc. now owns 37,416 shares of the real estate investment trust’s stock valued at $1,399,000 after acquiring an additional 35,824 shares in the last quarter. Finally, Lasalle Investment Management Securities LLC lifted its stake in shares of UDR by 64.6% during the first quarter. Lasalle Investment Management Securities LLC now owns 1,447,425 shares of the real estate investment trust’s stock worth $54,148,000 after buying an additional 567,878 shares during the period. 97.84% of the stock is currently owned by institutional investors and hedge funds.

UDR Stock Down 0.2 %

Shares of NYSE UDR opened at $43.52 on Friday. The company has a debt-to-equity ratio of 1.57, a current ratio of 5.82 and a quick ratio of 5.82. The company has a market cap of $14.35 billion, a P/E ratio of 106.15, a PEG ratio of 9.62 and a beta of 0.85. UDR has a 1 year low of $30.95 and a 1 year high of $47.55. The firm has a 50-day simple moving average of $44.73 and a two-hundred day simple moving average of $41.54.

UDR (NYSE:UDR) last announced its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.53). The firm had revenue of $415.30 million during the quarter, compared to the consensus estimate of $413.75 million. UDR had a return on equity of 3.70% and a net margin of 8.34%. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.61 EPS. Research analysts anticipate that UDR will post 2.47 earnings per share for the current year.

UDR Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th will be paid a $0.425 dividend. The ex-dividend date is Thursday, October 10th. This represents a $1.70 annualized dividend and a yield of 3.91%. UDR’s dividend payout ratio (DPR) is 414.64%.

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.