ValuEngine upgraded shares of UDR (NYSE:UDR) from a sell rating to a hold rating in a research note released on Tuesday.
Other analysts have also recently issued reports about the company. Bank of America increased their target price on UDR from $41.00 to $42.00 and gave the stock a buy rating in a research note on Friday, June 8th. Stifel Nicolaus raised UDR from a hold rating to a buy rating and increased their target price for the stock from $38.00 to $40.00 in a research note on Thursday, May 31st. Robert W. Baird set a $38.00 target price on UDR and gave the stock a buy rating in a research note on Friday, March 2nd. Jefferies Financial Group initiated coverage on UDR in a research note on Monday, June 11th. They set a hold rating and a $38.00 target price for the company. Finally, Sandler O’Neill set a $38.00 target price on UDR and gave the stock a hold rating in a research note on Monday, March 19th. Thirteen analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $39.17.
Shares of UDR stock opened at $37.55 on Tuesday. The company has a debt-to-equity ratio of 1.30, a current ratio of 5.83 and a quick ratio of 5.83. The stock has a market capitalization of $9.97 billion, a PE ratio of 20.08, a P/E/G ratio of 3.24 and a beta of 0.36. UDR has a one year low of $32.88 and a one year high of $40.33.
UDR (NYSE:UDR) last announced its quarterly earnings results on Wednesday, April 25th. The real estate investment trust reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.17). The company had revenue of $253.31 million during the quarter, compared to the consensus estimate of $252.02 million. UDR had a net margin of 17.65% and a return on equity of 6.57%. The business’s revenue was up 3.9% compared to the same quarter last year. During the same period last year, the company earned $0.45 earnings per share. sell-side analysts expect that UDR will post 1.93 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 31st. Shareholders of record on Tuesday, July 10th will be given a dividend of $0.3225 per share. This represents a $1.29 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date of this dividend is Monday, July 9th. UDR’s dividend payout ratio (DPR) is currently 68.98%.
In other UDR news, CEO Thomas W. Toomey sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 1st. The stock was sold at an average price of $36.00, for a total transaction of $1,080,000.00. Following the completion of the transaction, the chief executive officer now owns 1,119,390 shares of the company’s stock, valued at approximately $40,298,040. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 3.16% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in UDR. First Trust Advisors LP boosted its position in UDR by 24.3% during the 4th quarter. First Trust Advisors LP now owns 101,755 shares of the real estate investment trust’s stock worth $3,920,000 after acquiring an additional 19,869 shares during the last quarter. Wells Fargo & Company MN boosted its position in UDR by 69.4% during the 4th quarter. Wells Fargo & Company MN now owns 391,652 shares of the real estate investment trust’s stock worth $15,086,000 after acquiring an additional 160,475 shares during the last quarter. American International Group Inc. boosted its position in UDR by 12.4% during the 4th quarter. American International Group Inc. now owns 89,636 shares of the real estate investment trust’s stock worth $3,453,000 after acquiring an additional 9,858 shares during the last quarter. Bbva Compass Bancshares Inc. acquired a new position in UDR during the 4th quarter worth approximately $227,000. Finally, Amalgamated Bank boosted its position in UDR by 9.8% during the 4th quarter. Amalgamated Bank now owns 33,448 shares of the real estate investment trust’s stock worth $1,288,000 after acquiring an additional 2,973 shares during the last quarter. 97.05% 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 properties in targeted U.S.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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