Barclays Analysts Give UDR (NYSE:UDR) a $52.00 Price Target

Barclays set a $52.00 target price on UDR (NYSE:UDR) in a report released on Friday morning, TipRanks reports. The firm currently has a hold rating on the real estate investment trust’s stock.

A number of other equities analysts also recently issued reports on UDR. Robert W. Baird upgraded shares of UDR from a neutral rating to an outperform rating and increased their price objective for the company from $48.00 to $51.00 in a research note on Monday. Morgan Stanley increased their price objective on shares of UDR from $48.00 to $51.00 and gave the company an equal weight rating in a research note on Friday, September 6th. Capital One Financial upgraded shares of UDR from an equal weight rating to an overweight rating and increased their price objective for the company from $45.00 to $50.00 in a research note on Monday, September 16th. Mizuho increased their price objective on shares of UDR from $51.00 to $52.00 and gave the company a buy rating in a research note on Tuesday, August 13th. Finally, ValuEngine downgraded shares of UDR from a buy rating to a hold rating in a research note on Wednesday, October 2nd. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. UDR has a consensus rating of Hold and a consensus price target of $47.58.

NYSE UDR opened at $48.51 on Friday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 6.43 and a current ratio of 6.43. The firm’s 50 day moving average price is $48.25 and its 200-day moving average price is $46.24. UDR has a 52-week low of $37.99 and a 52-week high of $49.30. The company has a market cap of $14.21 billion, a PE ratio of 24.75, a P/E/G ratio of 3.77 and a beta of 0.42.

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 10th will be given a dividend of $0.3425 per share. The ex-dividend date is Wednesday, October 9th. This represents a $1.37 dividend on an annualized basis and a yield of 2.82%. UDR’s payout ratio is 69.90%.

In related news, SVP Harry G. Alcock sold 10,000 shares of the stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $48.54, for a total transaction of $485,400.00. Following the completion of the sale, the senior vice president now owns 87,284 shares of the company’s stock, valued at $4,236,765.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Thomas W. Toomey sold 40,000 shares of the stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $48.61, for a total transaction of $1,944,400.00. Following the sale, the chief executive officer now directly owns 1,642,826 shares of the company’s stock, valued at approximately $79,857,771.86. The disclosure for this sale can be found here. Insiders have sold 83,100 shares of company stock valued at $4,034,713 in the last three months. 2.85% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Wells Fargo & Company MN raised its holdings in shares of UDR by 11.6% in the second quarter. Wells Fargo & Company MN now owns 469,292 shares of the real estate investment trust’s stock worth $21,066,000 after buying an additional 48,728 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in shares of UDR by 16.8% during the second quarter. State of Alaska Department of Revenue now owns 174,936 shares of the real estate investment trust’s stock worth $7,851,000 after purchasing an additional 25,162 shares during the last quarter. Skandinaviska Enskilda Banken AB publ raised its holdings in shares of UDR by 1.2% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 47,036 shares of the real estate investment trust’s stock worth $2,111,000 after purchasing an additional 558 shares during the last quarter. Tyers Asset Management LLC raised its holdings in shares of UDR by 27.0% during the second quarter. Tyers Asset Management LLC now owns 17,968 shares of the real estate investment trust’s stock worth $807,000 after purchasing an additional 3,824 shares during the last quarter. Finally, Point72 Hong Kong Ltd purchased a new position in shares of UDR during the second quarter worth $209,000. 93.62% 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 properties in targeted U.S.

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Analyst Recommendations for UDR (NYSE:UDR)

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