UDR, Inc. (NYSE:UDR) Receives Consensus Recommendation of “Hold” from Analysts

Shares of UDR, Inc. (NYSE:UDR) have earned an average rating of “Hold” from the sixteen ratings firms that are presently covering the stock, MarketBeat reports. Ten research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $41.71.

A number of research analysts recently issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of UDR in a research note on Thursday, February 22nd. They issued a “neutral” rating and a $39.00 price objective on the stock. Morgan Stanley reissued an “equal weight” rating and issued a $37.00 price objective on shares of UDR in a research note on Monday, February 26th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of UDR in a research note on Tuesday, January 30th. They issued a “hold” rating and a $40.00 price objective on the stock. Truist Financial lowered their price target on shares of UDR from $45.00 to $42.00 and set a “buy” rating for the company in a report on Tuesday, April 9th. Finally, Piper Sandler upgraded shares of UDR from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $34.00 to $40.00 in a report on Wednesday, April 10th.

UDR Stock Performance

Shares of NYSE:UDR opened at $35.85 on Tuesday. The company’s 50 day simple moving average is $36.50 and its 200 day simple moving average is $35.89. The stock has a market capitalization of $11.81 billion, a price-to-earnings ratio of 26.75, a price-to-earnings-growth ratio of 2.93 and a beta of 0.80. The company has a debt-to-equity ratio of 1.47, a current ratio of 5.15 and a quick ratio of 5.15. UDR has a 1 year low of $30.95 and a 1 year high of $44.02.

UDR Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Wednesday, April 10th will be issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 4.74%. This is an increase from UDR’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Tuesday, April 9th. UDR’s dividend payout ratio is presently 126.87%.

Institutional Trading of UDR

A number of institutional investors and hedge funds have recently bought and sold shares of UDR. Norges Bank acquired a new stake in UDR in the fourth quarter valued at $1,065,482,000. JPMorgan Chase & Co. boosted its position in UDR by 30.1% during the first quarter. JPMorgan Chase & Co. now owns 13,691,188 shares of the real estate investment trust’s stock valued at $562,157,000 after acquiring an additional 3,164,948 shares during the last quarter. Vanguard Group Inc. boosted its position in UDR by 4.9% during the first quarter. Vanguard Group Inc. now owns 50,627,965 shares of the real estate investment trust’s stock valued at $2,904,527,000 after acquiring an additional 2,353,851 shares during the last quarter. State Street Corp boosted its position in UDR by 11.2% during the first quarter. State Street Corp now owns 22,969,937 shares of the real estate investment trust’s stock valued at $943,146,000 after acquiring an additional 2,321,585 shares during the last quarter. Finally, Centersquare Investment Management LLC boosted its position in UDR by 35.9% during the fourth quarter. Centersquare Investment Management LLC now owns 8,117,175 shares of the real estate investment trust’s stock valued at $310,807,000 after acquiring an additional 2,145,242 shares during the last quarter. 97.84% of the stock is currently owned by institutional investors and hedge funds.

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.