UDR (NYSE:UDR) Price Target Raised to $45.00 at Evercore ISI

UDR (NYSE:UDR) had its price target hoisted by Evercore ISI from $43.00 to $45.00 in a research report sent to investors on Monday,Benzinga reports. The firm currently has an in-line rating on the real estate investment trust’s stock.

Several other analysts have also commented on the company. Barclays decreased their price objective on UDR from $50.00 to $48.00 and set an “overweight” rating for the company in a report on Friday, January 24th. StockNews.com upgraded UDR from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Jefferies Financial Group lowered UDR from a “buy” rating to a “hold” rating and decreased their price objective for the company from $50.00 to $45.00 in a report on Thursday, January 2nd. Wells Fargo & Company decreased their price objective on UDR from $48.00 to $45.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Finally, Royal Bank of Canada increased their price objective on UDR from $43.00 to $44.00 and gave the company a “sector perform” rating in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $46.12.

UDR Stock Down 0.4 %

UDR stock opened at $42.56 on Monday. The business has a fifty day moving average of $42.56 and a two-hundred day moving average of $43.48. The company has a quick ratio of 5.91, a current ratio of 1.32 and a debt-to-equity ratio of 1.71. The firm has a market cap of $14.04 billion, a P/E ratio of 170.24, a P/E/G ratio of 11.72 and a beta of 0.88. UDR has a twelve month low of $34.19 and a twelve month high of $47.55.

UDR (NYSE:UDR) last posted its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.53. UDR had a return on equity of 2.65% and a net margin of 5.36%. On average, analysts forecast that UDR will post 2.51 earnings per share for the current fiscal year.

UDR Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 9th were given a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 3.99%. The ex-dividend date of this dividend was Friday, January 10th. UDR’s dividend payout ratio is currently 680.00%.

Institutional Investors Weigh In On UDR

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in UDR by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 50,809,731 shares of the real estate investment trust’s stock worth $2,205,650,000 after purchasing an additional 180,551 shares during the period. Norges Bank acquired a new stake in UDR during the 4th quarter worth about $1,273,442,000. FMR LLC grew its position in UDR by 14.8% during the 3rd quarter. FMR LLC now owns 11,401,026 shares of the real estate investment trust’s stock worth $516,923,000 after purchasing an additional 1,471,855 shares during the period. Geode Capital Management LLC grew its position in UDR by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 7,924,151 shares of the real estate investment trust’s stock worth $343,129,000 after purchasing an additional 220,293 shares during the period. Finally, JPMorgan Chase & Co. grew its position in shares of UDR by 5.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,774,541 shares of the real estate investment trust’s stock valued at $352,498,000 after acquiring an additional 368,087 shares during the period. 97.84% of the stock is owned by institutional investors and hedge funds.

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.