UDR, Inc. (NYSE:UDR) has earned an average recommendation of “Hold” from the eighteen research firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, twelve have given a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $39.40.

A number of research firms have 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 report on Monday, November 27th. SunTrust Banks downgraded shares of UDR from a “buy” rating to a “hold” rating and set a $41.00 price target on the stock. in a research report on Wednesday, November 29th. Royal Bank of Canada raised their price target on shares of UDR from $39.00 to $40.00 and gave the stock a “sector perform” rating in a research report on Wednesday, November 8th. Evercore ISI upgraded shares of UDR from an “underperform” rating to an “in-line” rating in a research report on Monday, December 11th. Finally, Mizuho restated a “buy” rating and issued a $43.00 price target on shares of UDR in a research report on Monday, November 6th.

UDR (UDR) traded up $0.87 during midday trading on Friday, reaching $33.79. 2,601,785 shares of the company’s stock were exchanged, compared to its average volume of 1,694,032. UDR has a 12-month low of $32.88 and a 12-month high of $40.71. The company has a quick ratio of 5.45, a current ratio of 4.93 and a debt-to-equity ratio of 1.32. The company has a market cap of $9,052.39, a P/E ratio of 78.58, a price-to-earnings-growth ratio of 2.89 and a beta of 0.33.

UDR (NYSE:UDR) last posted its quarterly earnings results on Tuesday, February 6th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.48. UDR had a net margin of 12.21% and a return on equity of 4.53%. The company had revenue of $250.12 million for the quarter, compared to the consensus estimate of $250.37 million. During the same period last year, the firm posted $0.46 EPS. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. research analysts predict that UDR will post 1.95 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Wednesday, January 10th were given a $0.31 dividend. The ex-dividend date of this dividend was Tuesday, January 9th. This represents a $1.24 annualized dividend and a yield of 3.67%. UDR’s dividend payout ratio is presently 288.37%.

In related news, CEO Thomas W. Toomey sold 20,000 shares of UDR stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $39.20, for a total value of $784,000.00. Following the sale, 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 legal filing with the SEC, which is available at the SEC website. Company insiders own 3.07% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. Ontario Teachers Pension Plan Board lifted its position in UDR by 5.2% in the 4th quarter. Ontario Teachers Pension Plan Board now owns 189,559 shares of the real estate investment trust’s stock valued at $7,302,000 after purchasing an additional 9,439 shares during the last quarter. American International Group Inc. lifted its position in UDR by 12.4% in the 4th quarter. American International Group Inc. now owns 89,636 shares of the real estate investment trust’s stock valued at $3,453,000 after purchasing an additional 9,858 shares during the last quarter. Wealthfront Inc. bought a new stake in UDR in the 4th quarter valued at about $617,000. UBS Asset Management Americas Inc. lifted its position in UDR by 3.7% in the 4th quarter. UBS Asset Management Americas Inc. now owns 1,361,169 shares of the real estate investment trust’s stock valued at $52,432,000 after purchasing an additional 49,173 shares during the last quarter. Finally, BlackRock Inc. lifted its position in UDR by 1.2% in the 4th quarter. BlackRock Inc. now owns 29,344,904 shares of the real estate investment trust’s stock valued at $1,130,365,000 after purchasing an additional 354,311 shares during the last quarter. Hedge funds and other institutional investors own 96.75% of the company’s stock.

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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.

Analyst Recommendations for UDR (NYSE:UDR)

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