Analysts Set UDR, Inc. (NYSE:UDR) PT at $46.69

Shares of UDR, Inc. (NYSE:UDR) have been given a consensus recommendation of “Hold” by the seventeen brokerages that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $46.69.

Several equities analysts recently weighed in on the stock. Royal Bank of Canada raised their price target on shares of UDR from $43.00 to $44.00 and gave the company a “sector perform” rating in a research report on Thursday, May 8th. Wells Fargo & Company dropped their price target on shares of UDR from $48.00 to $45.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Barclays raised their price target on shares of UDR from $48.00 to $51.00 and gave the company an “overweight” rating in a research report on Friday, May 9th. Truist Financial cut shares of UDR from a “buy” rating to a “hold” rating and lifted their target price for the stock from $45.00 to $46.00 in a research report on Monday, March 10th. Finally, Zelman & Associates reissued a “neutral” rating on shares of UDR in a research report on Thursday, February 13th.

Insider Buying and Selling

In related news, CEO Thomas W. Toomey sold 25,000 shares of UDR stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $42.75, for a total value of $1,068,750.00. Following the sale, the chief executive officer now owns 824,716 shares of the company’s stock, valued at approximately $35,256,609. The trade was a 2.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.39% of the stock is currently owned by insiders.

Institutional Investors Weigh In On UDR

A number of hedge funds have recently modified their holdings of UDR. JPMorgan Chase & Co. raised its holdings in shares of UDR by 5.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,774,541 shares of the real estate investment trust’s stock worth $352,498,000 after purchasing an additional 368,087 shares during the period. Czech National Bank raised its holdings in shares of UDR by 6.5% in the 4th quarter. Czech National Bank now owns 65,104 shares of the real estate investment trust’s stock worth $2,826,000 after purchasing an additional 3,963 shares during the period. Salem Investment Counselors Inc. raised its holdings in shares of UDR by 62.7% in the 4th quarter. Salem Investment Counselors Inc. now owns 1,349 shares of the real estate investment trust’s stock worth $59,000 after purchasing an additional 520 shares during the period. Eastern Bank bought a new stake in UDR during the 4th quarter valued at $68,000. Finally, Oak Thistle LLC bought a new stake in UDR during the 4th quarter valued at $559,000. Institutional investors own 97.84% of the company’s stock.

UDR Stock Performance

Shares of UDR opened at $42.43 on Wednesday. UDR has a one year low of $36.61 and a one year high of $47.55. The company has a market cap of $14.06 billion, a PE ratio of 169.72, a P/E/G ratio of 8.67 and a beta of 0.84. The company has a debt-to-equity ratio of 1.71, a current ratio of 5.61 and a quick ratio of 5.91. The stock has a 50-day moving average of $42.21 and a 200-day moving average of $42.93.

UDR (NYSE:UDR) last announced its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $0.61 earnings per share for the quarter, meeting the consensus estimate of $0.61. UDR had a net margin of 5.36% and a return on equity of 2.65%. The business had revenue of $419.84 million for the quarter, compared to analysts’ expectations of $421.23 million. During the same quarter last year, the firm earned $0.61 EPS. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. On average, equities research analysts predict that UDR will post 2.51 EPS for the current fiscal year.

UDR Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Thursday, April 10th were issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.05%. The ex-dividend date was Thursday, April 10th. This is a boost from UDR’s previous quarterly dividend of $0.43. UDR’s payout ratio is 491.43%.

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.