Analysts Set UDR, Inc. (NYSE:UDR) Price Target at $46.12

UDR, Inc. (NYSE:UDR) has received a consensus recommendation of “Hold” from the eighteen research firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $46.12.

Several analysts have recently issued reports on the stock. Zelman & Associates reissued a “neutral” rating on shares of UDR in a research note on Thursday, February 13th. Wells Fargo & Company dropped their price target on UDR from $48.00 to $45.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. StockNews.com upgraded UDR from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Evercore ISI lifted their price target on shares of UDR from $43.00 to $45.00 and gave the company an “in-line” rating in a research report on Monday, February 10th. Finally, Royal Bank of Canada raised their target price on shares of UDR from $43.00 to $44.00 and gave the company a “sector perform” rating in a research note on Friday, February 7th.

Insider Activity

In related news, CEO Thomas W. Toomey sold 25,000 shares of UDR stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $42.75, for a total value of $1,068,750.00. Following the completion of the transaction, the chief executive officer now directly owns 824,716 shares in the company, valued at approximately $35,256,609. This trade represents a 2.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.39% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of UDR by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 50,809,731 shares of the real estate investment trust’s stock valued at $2,205,650,000 after acquiring an additional 180,551 shares during the last quarter. Norges Bank acquired a new position in UDR in the fourth quarter worth $1,273,442,000. Capital Research Global Investors increased its stake in UDR by 64.1% during the fourth quarter. Capital Research Global Investors now owns 13,060,120 shares of the real estate investment trust’s stock valued at $566,940,000 after purchasing an additional 5,101,668 shares during the last quarter. FMR LLC raised its holdings in shares of UDR by 10.5% during the fourth quarter. FMR LLC now owns 12,592,458 shares of the real estate investment trust’s stock worth $546,639,000 after purchasing an additional 1,191,432 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of UDR by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 7,924,151 shares of the real estate investment trust’s stock worth $343,129,000 after buying an additional 220,293 shares during the last quarter. Institutional investors own 97.84% of the company’s stock.

UDR Stock Performance

NYSE UDR opened at $40.78 on Friday. The business’s 50-day moving average price is $42.89 and its 200 day moving average price is $43.19. The company has a current ratio of 5.61, a quick ratio of 5.91 and a debt-to-equity ratio of 1.71. UDR has a twelve month low of $36.28 and a twelve month high of $47.55. The company has a market capitalization of $13.51 billion, a PE ratio of 163.12, a price-to-earnings-growth ratio of 8.67 and a beta of 0.78.

UDR (NYSE:UDR) last announced its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.53. UDR had a net margin of 5.36% and a return on equity of 2.65%. On average, research analysts predict that UDR will post 2.51 earnings per share for the current year.

UDR Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th will be issued a dividend of $0.43 per share. The ex-dividend date of this dividend is Thursday, April 10th. This is an increase from UDR’s previous quarterly dividend of $0.43. This represents a $1.72 annualized dividend and a yield of 4.22%. UDR’s payout ratio is currently 688.00%.

UDR Company Profile

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.