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

UDR (NYSE:UDR) had its price target decreased by Royal Bank of Canada from $46.00 to $45.00 in a research note released on Tuesday,Benzinga reports. Royal Bank of Canada currently has a sector perform rating on the real estate investment trust’s stock.

A number of other equities analysts also recently issued reports on the company. UBS Group increased their price target on UDR from $48.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, September 12th. Scotiabank increased their target price on UDR from $45.00 to $49.00 and gave the company a “sector perform” rating in a research report on Monday, September 16th. 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 note on Tuesday, September 10th. Evercore ISI upped 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. Finally, The Goldman Sachs Group assumed coverage on shares of UDR in a research report on Wednesday, September 4th. They issued a “sell” rating and a $42.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, UDR has an average rating of “Hold” and an average price target of $45.24.

UDR Trading Up 0.6 %

Shares of UDR stock opened at $43.54 on Tuesday. UDR has a fifty-two week low of $31.87 and a fifty-two week high of $47.55. 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 $14.37 billion, a P/E ratio of 117.68, a price-to-earnings-growth ratio of 9.45 and a beta of 0.85. The firm has a 50-day simple moving average of $44.62 and a two-hundred day simple moving average of $41.79.

UDR Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 10th were issued a $0.425 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.70 annualized dividend and a dividend yield of 3.90%. UDR’s dividend payout ratio is presently 459.47%.

Institutional Trading of UDR

A number of hedge funds and other institutional investors have recently modified their holdings of UDR. Vanguard Group Inc. grew its holdings in shares of 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 during the period. Centersquare Investment Management LLC grew its stake in shares of UDR by 17.7% in the 1st quarter. Centersquare Investment Management LLC now owns 9,550,638 shares of the real estate investment trust’s stock valued at $363,688,000 after buying an additional 1,433,463 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of UDR by 2.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,732,429 shares of the real estate investment trust’s stock worth $194,737,000 after buying an additional 103,384 shares during the last quarter. Capital Research Global Investors acquired a new stake in shares of UDR during the 1st quarter worth approximately $176,137,000. Finally, Millennium Management LLC raised its position in shares of UDR by 115.3% during the 2nd quarter. Millennium Management LLC now owns 3,499,150 shares of the real estate investment trust’s stock valued at $143,990,000 after buying an additional 1,874,096 shares during the period. 97.84% of the stock is owned by institutional investors and hedge funds.

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.