UDR, Inc. (NYSE:UDR) Receives $44.28 Consensus Target Price from Analysts

Shares of UDR, Inc. (NYSE:UDR) have earned an average rating of “Hold” from the seventeen ratings firms that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $44.94.

UDR has been the topic of a number of research reports. JPMorgan Chase & Co. upped their price target on UDR from $43.00 to $50.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. Wedbush lifted their price target on shares of UDR from $45.00 to $49.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of UDR from $40.00 to $44.00 and gave the company a “hold” rating in a research note on Tuesday, September 10th. Royal Bank of Canada dropped their price target on shares of UDR from $41.00 to $40.00 and set a “sector perform” rating on the stock in a research report on Thursday, August 1st. Finally, Evercore ISI boosted their price objective on UDR from $42.00 to $43.00 and gave the stock an “in-line” rating in a report on Monday, September 9th.

UDR Stock Performance

Shares of UDR stock opened at $41.30 on Friday. The company has a quick ratio of 5.82, a current ratio of 1.46 and a debt-to-equity ratio of 1.69. UDR has a 52 week low of $31.75 and a 52 week high of $47.55. The firm has a 50 day moving average of $44.68 and a 200-day moving average of $41.58. The company has a market cap of $13.62 billion, a price-to-earnings ratio of 111.62, a price-to-earnings-growth ratio of 9.21 and a beta of 0.85.

UDR (NYSE:UDR) last posted its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.53). The company had revenue of $415.30 million during the quarter, compared to the consensus estimate of $413.75 million. UDR had a net margin of 7.68% and a return on equity of 3.57%. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period last year, the firm posted $0.61 earnings per share. On average, equities analysts forecast that UDR will post 2.48 earnings per share for the current year.

UDR Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th were paid a dividend of $0.425 per share. The ex-dividend date was Thursday, October 10th. This represents a $1.70 annualized dividend and a dividend yield of 4.12%. UDR’s payout ratio is 459.47%.

Institutional Investors Weigh In On UDR

Several institutional investors have recently added to or reduced their stakes in UDR. Vanguard Group Inc. raised 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 purchasing an additional 233,475 shares in the last quarter. Centersquare Investment Management LLC grew its position in UDR by 17.7% in the first quarter. Centersquare Investment Management LLC now owns 9,550,638 shares of the real estate investment trust’s stock worth $363,688,000 after acquiring an additional 1,433,463 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in UDR by 22.3% in the first quarter. Daiwa Securities Group Inc. now owns 7,467,881 shares of the real estate investment trust’s stock worth $279,373,000 after buying an additional 1,359,804 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of UDR by 2.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,732,429 shares of the real estate investment trust’s stock valued at $194,737,000 after acquiring an additional 103,384 shares during the last quarter. Finally, Capital Research Global Investors bought a new position in UDR during the 1st quarter worth approximately $176,137,000. 97.84% 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 communities in targeted U.S.