Shares of UDR, Inc. (NYSE:UDR) hit a new 52-week high on Monday . The stock traded as high as $45.92 and last traded at $45.67, with a volume of 24816 shares changing hands. The stock had previously closed at $45.80.
Several analysts have weighed in on UDR shares. Zacks Investment Research raised UDR from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a research note on Tuesday. BMO Capital Markets reaffirmed a “hold” rating and set a $49.00 target price on shares of UDR in a research note on Monday, March 25th. Barclays reaffirmed a “hold” rating and set a $46.00 target price on shares of UDR in a research note on Tuesday. JPMorgan Chase & Co. raised UDR from a “neutral” rating to an “overweight” rating in a research note on Wednesday, December 19th. Finally, Goldman Sachs Group downgraded UDR from a “neutral” rating to a “sell” rating and cut their target price for the company from $43.00 to $39.00 in a research note on Monday, March 11th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. UDR currently has an average rating of “Hold” and a consensus price target of $44.00.
The company has a quick ratio of 7.61, a current ratio of 7.61 and a debt-to-equity ratio of 1.23. The firm has a market capitalization of $12.86 billion, a PE ratio of 22.69, a price-to-earnings-growth ratio of 3.92 and a beta of 0.55.
UDR (NYSE:UDR) last issued its earnings results on Tuesday, February 12th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.19). The company had revenue of $264.73 million during the quarter, compared to analyst estimates of $262.98 million. UDR had a return on equity of 7.50% and a net margin of 19.40%. The business’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.25 earnings per share. Research analysts forecast that UDR, Inc. will post 2.06 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 9th will be issued a $0.3425 dividend. This represents a $1.37 dividend on an annualized basis and a dividend yield of 3.08%. This is a boost from UDR’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Monday, April 8th. UDR’s payout ratio is presently 69.90%.
In other news, Director Lynne B. Sagalyn sold 4,289 shares of UDR stock in a transaction on Friday, February 22nd. The stock was sold at an average price of $44.97, for a total transaction of $192,876.33. Following the transaction, the director now owns 81,852 shares in the company, valued at $3,680,884.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Warren L. Troupe sold 50,000 shares of UDR stock in a transaction on Friday, February 15th. The shares were sold at an average price of $44.66, for a total value of $2,233,000.00. Following the transaction, the vice president now owns 495,761 shares in the company, valued at approximately $22,140,686.26. The disclosure for this sale can be found here. Insiders sold a total of 124,289 shares of company stock worth $5,586,476 over the last 90 days. Insiders own 2.85% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. Pennsylvania Trust Co purchased a new position in shares of UDR during the first quarter valued at $655,000. Retirement Systems of Alabama grew its holdings in shares of UDR by 4.0% during the first quarter. Retirement Systems of Alabama now owns 128,337 shares of the real estate investment trust’s stock valued at $5,834,000 after buying an additional 4,899 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of UDR during the first quarter valued at $975,000. Calamos Advisors LLC grew its holdings in shares of UDR by 1.1% during the first quarter. Calamos Advisors LLC now owns 195,208 shares of the real estate investment trust’s stock valued at $8,874,000 after buying an additional 2,112 shares in the last quarter. Finally, Graves Light Private Wealth Management Inc. grew its holdings in shares of UDR by 91.2% during the first quarter. Graves Light Private Wealth Management Inc. now owns 10,053 shares of the real estate investment trust’s stock valued at $457,000 after buying an additional 4,795 shares in the last quarter. Institutional investors and hedge funds own 97.15% of the company’s stock.
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UDR Company Profile (NYSE: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 properties in targeted U.S.
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