UDR (NYSE:UDR) Price Target Lowered to $45.00 at Royal Bank of Canada

UDR (NYSE:UDR) had its price objective lowered by Royal Bank of Canada from $46.00 to $45.00 in a report published on Tuesday,Benzinga reports. The firm currently has a sector perform rating on the real estate investment trust’s stock.

Several other brokerages also recently issued reports on UDR. The Goldman Sachs Group started coverage on shares of UDR in a research report on Wednesday, September 4th. They set a “sell” rating and a $42.00 price target on the stock. Truist Financial upped their target price on shares of UDR from $44.00 to $47.00 and gave the stock a “buy” rating in a research report on Monday, August 26th. Evercore ISI raised their price target on shares of UDR from $42.00 to $43.00 and gave the company an “in-line” rating in a report on Monday, September 9th. Scotiabank upped their price objective on UDR from $45.00 to $49.00 and gave the stock a “sector perform” rating in a report on Monday, September 16th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on UDR from $40.00 to $44.00 and gave the company a “hold” rating in a research report on Tuesday, September 10th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $45.24.

UDR Trading Up 2.2 %

Shares of UDR opened at $44.48 on Tuesday. The stock has a fifty day moving average price of $44.62 and a two-hundred day moving average price of $41.84. The company has a debt-to-equity ratio of 1.69, a quick ratio of 5.91 and a current ratio of 5.91. The company has a market cap of $14.68 billion, a price-to-earnings ratio of 120.22, a PEG ratio of 9.45 and a beta of 0.85. UDR has a 52-week low of $31.87 and a 52-week high of $47.55.

UDR Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 10th were issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date was Thursday, October 10th. UDR’s dividend payout ratio is currently 459.47%.

Institutional Investors Weigh In On UDR

Several hedge funds have recently bought and sold shares of UDR. CWM LLC grew its holdings in shares of UDR by 10.0% in the 3rd quarter. CWM LLC now owns 3,802 shares of the real estate investment trust’s stock valued at $172,000 after buying an additional 347 shares during the period. Empowered Funds LLC grew its stake in UDR by 7.1% in the third quarter. Empowered Funds LLC now owns 5,246 shares of the real estate investment trust’s stock valued at $238,000 after acquiring an additional 350 shares during the period. Mather Group LLC. grew its stake in UDR by 58.2% in the third quarter. Mather Group LLC. now owns 998 shares of the real estate investment trust’s stock valued at $45,000 after acquiring an additional 367 shares during the period. Truist Financial Corp raised its position in shares of UDR by 0.6% during the second quarter. Truist Financial Corp now owns 66,673 shares of the real estate investment trust’s stock worth $2,744,000 after purchasing an additional 414 shares during the period. Finally, TCV Trust & Wealth Management Inc. raised its position in shares of UDR by 8.2% during the third quarter. TCV Trust & Wealth Management Inc. now owns 5,589 shares of the real estate investment trust’s stock worth $253,000 after purchasing an additional 424 shares during the period. 97.84% of the stock is currently owned by institutional investors and hedge funds.

About UDR

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.