UDR, Inc. (NYSE:UDR) has received an average recommendation of “Hold” from the seventeen analysts that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $40.10.
Several analysts recently issued reports on the stock. Stifel Nicolaus reissued a “hold” rating and issued a $38.00 price target on shares of UDR in a research report on Friday. BMO Capital Markets reissued a “hold” rating and issued a $40.00 price target on shares of UDR in a research report on Tuesday, January 9th. Robert W. Baird reissued a “buy” rating and issued a $40.00 price target on shares of UDR in a research report on Tuesday, January 9th. Zacks Investment Research downgraded shares of UDR from a “hold” rating to a “sell” rating in a research report on Saturday, January 6th. Finally, Evercore ISI raised shares of UDR from an “underperform” rating to an “in-line” rating in a research report on Monday, December 11th.
In other UDR news, CEO Thomas W. Toomey sold 20,000 shares of the firm’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 transaction, the chief executive officer now directly owns 1,127,925 shares in the company, valued at approximately $44,214,660. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.07% of the stock is currently owned by company insiders.
A number of large investors have recently modified their holdings of the business. Schwab Charles Investment Management Inc. lifted its stake in UDR by 5.1% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 3,308,990 shares of the real estate investment trust’s stock valued at $127,463,000 after acquiring an additional 160,335 shares in the last quarter. Gateway Investment Advisers LLC lifted its stake in UDR by 22.5% during the 4th quarter. Gateway Investment Advisers LLC now owns 649,504 shares of the real estate investment trust’s stock valued at $25,019,000 after acquiring an additional 119,271 shares in the last quarter. Bank of Montreal Can lifted its stake in UDR by 31.3% during the 4th quarter. Bank of Montreal Can now owns 617,633 shares of the real estate investment trust’s stock valued at $23,792,000 after acquiring an additional 147,157 shares in the last quarter. Parametric Portfolio Associates LLC lifted its stake in 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 valued at $13,540,000 after acquiring an additional 33,449 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its stake in UDR by 7.8% during the 4th quarter. State of Alaska Department of Revenue now owns 220,259 shares of the real estate investment trust’s stock valued at $8,482,000 after acquiring an additional 16,000 shares in the last quarter. Institutional investors and hedge funds own 96.53% of the company’s stock.
UDR (UDR) traded up $0.09 during midday trading on Monday, reaching $35.97. 1,484,631 shares of the company traded hands, compared to its average volume of 1,108,625. UDR has a twelve month low of $34.41 and a twelve month high of $40.71. The company has a current ratio of 5.45, a quick ratio of 5.45 and a debt-to-equity ratio of 1.31. The firm has a market cap of $9,607.09, a P/E ratio of 33.93, a P/E/G ratio of 3.07 and a beta of 0.39.
UDR (NYSE:UDR) last posted its quarterly earnings results on Monday, October 30th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.40). UDR had a net margin of 29.41% and a return on equity of 10.18%. sell-side analysts anticipate that UDR will post 1.87 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 10th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 3.45%. The ex-dividend date is Tuesday, January 9th. UDR’s dividend payout ratio (DPR) is presently 116.98%.
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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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