Capital One Financial began coverage on shares of UDR (NYSE:UDR) in a research note issued to investors on Monday, Marketbeat.com reports. The firm issued an equal weight rating and a $43.00 price objective on the real estate investment trust’s stock.

Other equities analysts have also recently issued reports about the company. Societe Generale started coverage on UDR in a report on Tuesday, October 16th. They set a sell rating on the stock. Stifel Nicolaus increased their price target on UDR from $40.00 to $43.00 and gave the stock a buy rating in a report on Tuesday, September 25th. ValuEngine upgraded UDR from a hold rating to a buy rating in a report on Tuesday, November 13th. Citigroup increased their price target on UDR from $40.00 to $41.00 and gave the stock a neutral rating in a report on Thursday, November 1st. Finally, Evercore ISI cut UDR from an in-line rating to an underperform rating in a report on Sunday, October 21st. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the stock. UDR has a consensus rating of Hold and an average target price of $39.93.

Shares of UDR stock opened at $41.44 on Monday. UDR has a one year low of $32.88 and a one year high of $41.60. The company has a market capitalization of $11.02 billion, a P/E ratio of 22.16, a P/E/G ratio of 3.50 and a beta of 0.32. The company has a current ratio of 5.97, a quick ratio of 5.97 and a debt-to-equity ratio of 1.49.

UDR (NYSE:UDR) last announced its earnings results on Monday, October 29th. The real estate investment trust reported $0.07 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.07. UDR had a return on equity of 7.09% and a net margin of 18.43%. The business had revenue of $266.10 million for the quarter, compared to analysts’ expectations of $258.90 million. During the same period in the prior year, the business posted $0.06 earnings per share. The firm’s revenue was up 6.0% on a year-over-year basis. As a group, sell-side analysts anticipate that UDR will post 1.94 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 31st. Shareholders of record on Wednesday, October 10th were issued a dividend of $0.3323 per share. This represents a $1.33 dividend on an annualized basis and a dividend yield of 3.21%. This is a boost from UDR’s previous quarterly dividend of $0.32. The ex-dividend date was Tuesday, October 9th. UDR’s dividend payout ratio is presently 68.98%.

In other news, CEO Thomas W. Toomey sold 40,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 14th. The stock was sold at an average price of $41.20, for a total transaction of $1,648,000.00. Following the transaction, the chief executive officer now directly owns 1,746,826 shares of the company’s stock, valued at $71,969,231.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Warren L. Troupe sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, November 12th. The stock was sold at an average price of $41.29, for a total value of $412,900.00. The disclosure for this sale can be found here. Insiders have sold a total of 114,773 shares of company stock worth $4,626,629 over the last 90 days. Company insiders own 3.16% of the company’s stock.

Large investors have recently modified their holdings of the company. Piedmont Investment Advisors LLC acquired a new position in shares of UDR during the second quarter worth approximately $118,000. Point72 Hong Kong Ltd raised its position 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 purchasing an additional 3,628 shares during the period. C M Bidwell & Associates Ltd. acquired a new position in shares of UDR during the third quarter worth approximately $186,000. Lourd Capital LLC acquired a new position in shares of UDR during the third quarter worth approximately $217,000. Finally, CAPROCK Group Inc. acquired a new position in shares of UDR during the third quarter worth approximately $219,000. 96.13% of the stock is currently owned by institutional investors.

About 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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Analyst Recommendations for UDR (NYSE:UDR)

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