Analysts Set UDR, Inc. (NYSE:UDR) Target Price at $44.28

Shares of UDR, Inc. (NYSE:UDR) have received an average rating of “Hold” from the eighteen brokerages that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $44.28.

A number of research analysts have recently commented on the company. Scotiabank raised their target price on UDR from $45.00 to $49.00 and gave the company a “sector perform” rating in a research note on Monday, September 16th. BMO Capital Markets raised UDR from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $39.00 to $45.00 in a research report on Monday, July 15th. UBS Group upped their target price on shares of UDR from $48.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, September 12th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of UDR from $40.00 to $44.00 and gave the company a “hold” rating in a research report on Tuesday, September 10th. Finally, Truist Financial upped their price objective on shares of UDR from $44.00 to $47.00 and gave the stock a “buy” rating in a report on Monday, August 26th.

UDR Stock Down 0.2 %

Shares of NYSE UDR opened at $44.59 on Tuesday. The firm has a fifty day simple moving average of $43.71 and a two-hundred day simple moving average of $40.64. UDR has a 12 month low of $30.95 and a 12 month high of $47.55. The company has a current ratio of 5.82, a quick ratio of 5.82 and a debt-to-equity ratio of 1.57. The firm has a market capitalization of $14.71 billion, a PE ratio of 32.31, a price-to-earnings-growth ratio of 9.89 and a beta of 0.85.

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

UDR Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th will be issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.81%. The ex-dividend date is Thursday, October 10th. UDR’s payout ratio is currently 123.19%.

Institutional Investors Weigh In On UDR

Several large investors have recently bought and sold shares of UDR. Hummer Financial Advisory Services Inc boosted its holdings in shares of UDR by 2.9% during the 1st quarter. Hummer Financial Advisory Services Inc now owns 12,057 shares of the real estate investment trust’s stock valued at $451,000 after acquiring an additional 335 shares during the last quarter. Truist Financial Corp boosted its holdings in UDR by 0.6% in 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 last quarter. Integrity Wealth Solutions LLC grew its position in UDR by 8.2% in the 1st quarter. Integrity Wealth Solutions LLC now owns 6,409 shares of the real estate investment trust’s stock worth $240,000 after purchasing an additional 484 shares during the period. Covestor Ltd raised its stake in UDR by 18.3% during the 1st quarter. Covestor Ltd now owns 3,336 shares of the real estate investment trust’s stock valued at $125,000 after buying an additional 515 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its holdings in shares of UDR by 0.3% during the 1st quarter. State of Alaska Department of Revenue now owns 189,355 shares of the real estate investment trust’s stock valued at $7,083,000 after buying an additional 551 shares during the period. 97.84% of the stock is currently owned by 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 communities in targeted U.S.