UDR, Inc. (NYSE:UDR) – Analysts at KeyCorp issued their FY2019 earnings estimates for UDR in a research report issued on Tuesday, Zacks Investment Research reports. KeyCorp analyst A. Wurschmidt anticipates that the real estate investment trust will post earnings of $2.02 per share for the year.
Several other research firms also recently issued reports on UDR. BMO Capital Markets restated a “hold” rating and issued a $41.00 price target on shares of UDR in a research note on Monday, November 27th. SunTrust Banks downgraded UDR from a “buy” rating to a “hold” rating and set a $41.00 price target for the company. in a research note on Wednesday, November 29th. Royal Bank of Canada boosted their price target on UDR from $39.00 to $40.00 and gave the company a “sector perform” rating in a research note on Wednesday, November 8th. Evercore ISI upgraded UDR from an “underperform” rating to an “in-line” rating in a research note on Monday, December 11th. Finally, Mizuho restated a “buy” rating and issued a $43.00 price target on shares of UDR in a research note on Monday, November 6th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company. UDR has a consensus rating of “Hold” and a consensus price target of $40.23.
Shares of UDR (NYSE UDR) opened at $35.70 on Thursday. The stock has a market capitalization of $9,558.89, a price-to-earnings ratio of 19.30, a P/E/G ratio of 3.06 and a beta of 0.39. UDR has a one year low of $34.41 and a one year high of $40.71. The company has a quick ratio of 5.45, a current ratio of 5.45 and a debt-to-equity ratio of 1.31.
Several large investors have recently added to or reduced their stakes in UDR. WESCAP Management Group Inc. lifted its position in shares of UDR by 55.1% during the 3rd quarter. WESCAP Management Group Inc. now owns 10,949 shares of the real estate investment trust’s stock valued at $416,000 after acquiring an additional 3,890 shares during the period. Norinchukin Bank The lifted its position in shares of UDR by 7.3% during the 3rd quarter. Norinchukin Bank The now owns 19,915 shares of the real estate investment trust’s stock valued at $757,000 after acquiring an additional 1,360 shares during the period. ING Groep NV lifted its position in shares of UDR by 69.1% during the 3rd quarter. ING Groep NV now owns 23,124 shares of the real estate investment trust’s stock worth $879,000 after buying an additional 9,448 shares during the last quarter. Quantitative Investment Management LLC lifted its position in shares of UDR by 429.7% during the 2nd quarter. Quantitative Investment Management LLC now owns 151,500 shares of the real estate investment trust’s stock worth $5,903,000 after buying an additional 122,900 shares during the last quarter. Finally, Parametric Portfolio Associates LLC lifted its position in shares of UDR by 10.4% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 356,028 shares of the real estate investment trust’s stock worth $13,540,000 after buying an additional 33,449 shares during the last quarter. Hedge funds and other institutional investors own 96.52% of the company’s stock.
In other news, CEO Thomas W. Toomey sold 20,000 shares of the company’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $39.20, for a total transaction of $784,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,127,925 shares in the company, valued at approximately $44,214,660. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.07% of the company’s stock.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 10th will be given a dividend of $0.31 per share. The ex-dividend date is Tuesday, January 9th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.47%. UDR’s payout ratio is 116.98%.
UDR Company Profile
UDR, Inc is a self-administered real estate investment trust. The Company owns, operates, acquires, renovates, develops, redevelops, disposes of and manages multifamily apartment communities generally located in various markets across the United States. The Company’s segments are Same-Store Communities and Non-Mature Communities/Other.
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