Brokerages Set UDR, Inc. (NYSE:UDR) Target Price at $41.44

Shares of UDR, Inc. (NYSE:UDR) have been assigned a consensus recommendation of “Hold” from the seventeen brokerages that are currently covering the firm, MarketBeat reports. Eleven equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $41.72.

Several research analysts have recently weighed in on the stock. Scotiabank lowered shares of UDR from a “sector outperform” rating to a “sector perform” rating and set a $39.00 price objective on the stock. in a report on Wednesday, May 1st. Deutsche Bank Aktiengesellschaft initiated coverage on shares of UDR in a report on Tuesday, January 30th. They issued a “hold” rating and a $40.00 price target on the stock. The Goldman Sachs Group initiated coverage on UDR in a report on Thursday, February 22nd. They set a “neutral” rating and a $39.00 price objective for the company. UBS Group upgraded UDR from a “neutral” rating to a “buy” rating and lifted their target price for the company from $38.00 to $44.00 in a report on Thursday, April 25th. Finally, Truist Financial lowered their price target on UDR from $45.00 to $42.00 and set a “buy” rating for the company in a research report on Tuesday, April 9th.

Hedge Funds Weigh In On UDR

A number of institutional investors have recently added to or reduced their stakes in UDR. SG Americas Securities LLC boosted its position in UDR by 525.8% in the 1st quarter. SG Americas Securities LLC now owns 442,348 shares of the real estate investment trust’s stock valued at $16,548,000 after buying an additional 371,663 shares during the last quarter. Duality Advisers LP acquired a new position in shares of UDR in the first quarter worth about $405,000. Texas Permanent School Fund Corp boosted its holdings in UDR by 2.9% in the first quarter. Texas Permanent School Fund Corp now owns 62,539 shares of the real estate investment trust’s stock valued at $2,340,000 after purchasing an additional 1,788 shares during the last quarter. Easterly Investment Partners LLC acquired a new stake in UDR during the 1st quarter valued at approximately $20,577,000. Finally, BI Asset Management Fondsmaeglerselskab A S increased its holdings in UDR by 20.6% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 3,782 shares of the real estate investment trust’s stock worth $141,000 after purchasing an additional 645 shares during the last quarter. Institutional investors and hedge funds own 97.84% of the company’s stock.

UDR Stock Performance

NYSE UDR opened at $38.89 on Friday. The business’s 50-day moving average price is $37.00 and its 200 day moving average price is $36.04. The company has a current ratio of 6.61, a quick ratio of 6.61 and a debt-to-equity ratio of 1.49. UDR has a twelve month low of $30.95 and a twelve month high of $44.02. The company has a market capitalization of $12.81 billion, a PE ratio of 28.18, a price-to-earnings-growth ratio of 3.06 and a beta of 0.79.

UDR Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Wednesday, April 10th were issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 4.37%. This is a positive change from UDR’s previous quarterly dividend of $0.42. The ex-dividend date was Tuesday, April 9th. UDR’s dividend payout ratio (DPR) is presently 123.19%.

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 communities in targeted U.S.