A number of firms have modified their ratings and price targets on shares of UDR (NYSE: UDR) recently:

  • 11/20/2018 – UDR was downgraded by analysts at Robert W. Baird from an “outperform” rating to a “neutral” rating. They now have a $42.00 price target on the stock.
  • 11/20/2018 – UDR had its “hold” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $41.00 price target on the stock.
  • 11/19/2018 – UDR is now covered by analysts at Capital One Financial Corp.. They set an “equal weight” rating and a $43.00 price target on the stock.
  • 11/13/2018 – UDR was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 11/1/2018 – UDR had its price target raised by analysts at Citigroup Inc from $40.00 to $41.00. They now have a “neutral” rating on the stock.
  • 11/1/2018 – UDR was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 10/24/2018 – UDR was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 10/21/2018 – UDR was downgraded by analysts at Evercore ISI from an “in-line” rating to an “underperform” rating.
  • 10/16/2018 – UDR is now covered by analysts at Societe Generale. They set a “sell” rating on the stock.
  • 10/14/2018 – UDR had its “hold” rating reaffirmed by analysts at Barclays PLC. They now have a $39.00 price target on the stock.
  • 9/25/2018 – UDR had its price target raised by analysts at Stifel Nicolaus from $40.00 to $43.00. They now have a “buy” rating on the stock.

Shares of UDR traded down $0.12 during mid-day trading on Tuesday, hitting $41.32. 1,888,161 shares of the company’s stock were exchanged, compared to its average volume of 1,519,642. UDR, Inc. has a fifty-two week low of $32.88 and a fifty-two week high of $41.63. The company has a market capitalization of $11.02 billion, a price-to-earnings ratio of 22.10, a price-to-earnings-growth ratio of 3.50 and a beta of 0.32. The company has a debt-to-equity ratio of 1.49, a quick ratio of 5.97 and a current ratio of 5.97.

UDR (NYSE:UDR) last announced its earnings results on Monday, October 29th. The real estate investment trust reported $0.07 earnings per share for the quarter, hitting the consensus estimate of $0.07. UDR had a net margin of 18.43% and a return on equity of 7.09%. The business had revenue of $266.10 million during the quarter, compared to the consensus estimate of $258.90 million. During the same quarter in the prior year, the firm earned $0.06 earnings per share. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. Equities research analysts forecast that UDR, Inc. will post 1.94 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 31st. Stockholders of record on Wednesday, October 10th were paid a dividend of $0.3323 per share. This is an increase from UDR’s previous quarterly dividend of $0.32. The ex-dividend date was Tuesday, October 9th. This represents a $1.33 annualized dividend and a dividend yield of 3.22%. UDR’s dividend payout ratio is 68.98%.

In other news, VP Warren L. Troupe sold 40,000 shares of the stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $39.10, for a total transaction of $1,564,000.00. Following the completion of the sale, the vice president now owns 549,634 shares in the company, valued at $21,490,689.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Lynne B. Sagalyn sold 4,773 shares of the stock in a transaction dated Monday, September 17th. The stock was sold at an average price of $40.40, for a total transaction of $192,829.20. Following the sale, the director now owns 87,176 shares of the company’s stock, valued at approximately $3,521,910.40. The disclosure for this sale can be found here. Insiders have sold 114,773 shares of company stock valued at $4,626,629 in the last quarter. Insiders own 3.16% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in UDR. Piedmont Investment Advisors LLC acquired a new stake in shares of UDR during the second quarter worth about $118,000. Point72 Hong Kong Ltd boosted its stake in shares of UDR by 1,406.2% during the second quarter. Point72 Hong Kong Ltd now owns 3,886 shares of the real estate investment trust’s stock worth $146,000 after buying an additional 3,628 shares during the period. C M Bidwell & Associates Ltd. acquired a new stake in shares of UDR during the third quarter worth about $186,000. Lourd Capital LLC purchased a new position in UDR during the third quarter worth about $217,000. Finally, CAPROCK Group Inc. purchased a new position in UDR during the third quarter worth about $219,000. Institutional investors and hedge funds own 96.13% of the company’s stock.

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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