UDR (NYSE:UDR) Raised to Hold at StockNews.com

StockNews.com upgraded shares of UDR (NYSE:UDR) from a sell rating to a hold rating in a report published on Thursday.

Other equities analysts also recently issued reports about the company. Deutsche Bank Aktiengesellschaft raised their price objective on UDR from $40.00 to $44.00 and gave the stock a “hold” rating in a research report on Tuesday, September 10th. The Goldman Sachs Group started coverage on shares of UDR in a research report on Wednesday, September 4th. They issued a “sell” rating and a $42.00 price target on the stock. Evercore ISI increased their price objective on shares of UDR from $42.00 to $43.00 and gave the stock an “in-line” rating in a research report on Monday, September 9th. JPMorgan Chase & Co. upped their price target on shares of UDR from $43.00 to $50.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. Finally, UBS Group lifted their price objective on UDR from $48.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, September 12th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $45.19.

UDR Stock Down 0.8 %

Shares of NYSE:UDR opened at $44.47 on Thursday. The firm has a market cap of $14.67 billion, a P/E ratio of 120.19, a P/E/G ratio of 12.34 and a beta of 0.87. UDR has a 12-month low of $34.19 and a 12-month high of $47.55. The business has a fifty day simple moving average of $44.37 and a 200 day simple moving average of $42.93. 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 Dividend Announcement

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

Institutional Trading of UDR

Hedge funds have recently bought and sold shares of the business. Family Firm Inc. acquired a new position in shares of UDR during the second quarter valued at about $26,000. Activest Wealth Management purchased a new stake in shares of UDR in the third quarter worth approximately $27,000. UMB Bank n.a. bought a new position in shares of UDR in the second quarter valued at approximately $33,000. Brooklyn Investment Group purchased a new position in shares of UDR during the third quarter valued at approximately $33,000. Finally, Rothschild Investment LLC bought a new stake in UDR during the second quarter worth $35,000. Institutional investors and hedge funds own 97.84% of the company’s stock.

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.