Evercore ISI Reiterates “$54.00” Price Target for UDR (NYSE:UDR)

Evercore ISI set a $54.00 target price on UDR (NYSE:UDRGet Rating) in a research report report published on Monday morning, Stock Target Advisor reports.

Other research analysts also recently issued research reports about the stock. Truist Financial lowered their price objective on shares of UDR from $61.00 to $53.00 and set a hold rating on the stock in a research report on Tuesday, May 24th. Barclays lowered their price objective on shares of UDR from $63.00 to $56.00 in a research report on Tuesday, May 10th. Morgan Stanley reduced their target price on shares of UDR from $56.00 to $51.00 and set an equal weight rating for the company in a report on Wednesday, May 25th. StockNews.com initiated coverage on shares of UDR in a report on Thursday, March 31st. They set a hold rating for the company. Finally, Scotiabank reduced their target price on shares of UDR from $60.00 to $58.00 in a report on Thursday, May 19th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average target price of $58.64.

Shares of NYSE UDR opened at $44.48 on Monday. The firm’s 50 day moving average price is $49.48 and its 200-day moving average price is $54.62. The company has a market cap of $14.16 billion, a PE ratio of 87.22, a P/E/G ratio of 2.11 and a beta of 0.77. UDR has a 52-week low of $42.00 and a 52-week high of $61.06. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.30 and a current ratio of 0.30.

UDR (NYSE:UDRGet Rating) last issued its earnings results on Tuesday, April 26th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.51). UDR had a return on equity of 4.79% and a net margin of 11.93%. During the same quarter in the prior year, the company posted $0.47 earnings per share. On average, analysts forecast that UDR will post 2.3 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, August 1st. Investors of record on Monday, July 11th will be given a dividend of $0.38 per share. The ex-dividend date is Friday, July 8th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.42%. UDR’s dividend payout ratio is 298.05%.

Hedge funds have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. lifted its position in UDR by 12.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 123,151 shares of the real estate investment trust’s stock valued at $7,388,000 after purchasing an additional 13,842 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in shares of UDR by 8.3% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 336,012 shares of the real estate investment trust’s stock worth $20,157,000 after acquiring an additional 25,850 shares during the last quarter. Dupont Capital Management Corp lifted its holdings in shares of UDR by 19.8% in the 4th quarter. Dupont Capital Management Corp now owns 35,641 shares of the real estate investment trust’s stock worth $2,138,000 after acquiring an additional 5,885 shares during the last quarter. Desjardins Global Asset Management Inc. bought a new stake in shares of UDR in the 4th quarter worth about $58,000. Finally, Guggenheim Capital LLC lifted its holdings in shares of UDR by 17.3% in the 4th quarter. Guggenheim Capital LLC now owns 147,363 shares of the real estate investment trust’s stock worth $8,840,000 after acquiring an additional 21,692 shares during the last quarter. Institutional investors and hedge funds own 96.39% of the company’s stock.

About UDR (Get Rating)

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.

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