Shares of UDR Inc. (NYSE:UDR) have been given an average rating of “Hold” by the nineteen ratings firms that are presently covering the company. Three analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $38.63.
Several research analysts have issued reports on UDR shares. Zacks Investment Research raised shares of UDR from a “sell” rating to a “hold” rating in a research report on Wednesday, June 22nd. Cantor Fitzgerald reissued a “buy” rating and set a $39.50 price objective on shares of UDR in a research report on Monday, July 18th. BTIG Research started coverage on shares of UDR in a research report on Thursday, August 25th. They set a “buy” rating and a $42.00 price objective on the stock. Mizuho raised shares of UDR from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $37.00 to $41.00 in a research report on Monday, August 1st. Finally, Citigroup Inc. raised their price objective on shares of UDR from $37.00 to $38.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 2nd.
Shares of UDR (NYSE:UDR) opened at 33.44 on Tuesday. UDR has a 1-year low of $32.90 and a 1-year high of $38.61. The stock has a market cap of $8.93 billion, a PE ratio of 42.93 and a beta of 0.52. The stock’s 50 day moving average is $35.64 and its 200-day moving average is $36.15.
UDR (NYSE:UDR) last issued its quarterly earnings data on Tuesday, July 26th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.44. UDR had a net margin of 21.86% and a return on equity of 7.15%. The company had revenue of $238.79 million for the quarter, compared to the consensus estimate of $235.77 million. During the same period last year, the firm posted $0.41 EPS. UDR’s revenue for the quarter was up 10.6% on a year-over-year basis. On average, analysts predict that UDR will post $1.78 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Tuesday, October 11th will be given a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date is Thursday, October 6th. UDR’s payout ratio is currently 155.26%.
In other UDR news, Director Clinton D. Mcdonnough bought 3,000 shares of the business’s stock in a transaction on Friday, September 9th. The stock was bought at an average price of $34.54 per share, for a total transaction of $103,620.00. Following the completion of the transaction, the director now owns 7,000 shares in the company, valued at approximately $241,780. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Warren L. Troupe sold 15,000 shares of UDR stock in a transaction dated Wednesday, September 28th. The stock was sold at an average price of $36.70, for a total transaction of $550,500.00. Following the transaction, the vice president now owns 562,903 shares of the company’s stock, valued at approximately $20,658,540.10. The disclosure for this sale can be found here. Company insiders own 2.79% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the company. Legal & General Group Plc increased its stake in shares of UDR by 104.9% in the first quarter. Legal & General Group Plc now owns 1,649,613 shares of the real estate investment trust’s stock worth $63,547,000 after buying an additional 844,689 shares during the period. DNB Asset Management AS increased its stake in shares of UDR by 4.3% in the second quarter. DNB Asset Management AS now owns 19,444 shares of the real estate investment trust’s stock worth $718,000 after buying an additional 800 shares during the period. Geode Capital Management LLC increased its stake in shares of UDR by 34.2% in the first quarter. Geode Capital Management LLC now owns 2,704,883 shares of the real estate investment trust’s stock worth $104,049,000 after buying an additional 688,748 shares during the period. Daiwa Securities Group Inc. increased its stake in shares of UDR by 29.1% in the second quarter. Daiwa Securities Group Inc. now owns 16,911,460 shares of the real estate investment trust’s stock worth $624,371,000 after buying an additional 3,810,916 shares during the period. Finally, Utah Retirement Systems increased its stake in shares of UDR by 1.2% in the second quarter. Utah Retirement Systems now owns 57,643 shares of the real estate investment trust’s stock worth $2,127,000 after buying an additional 700 shares during the period. Institutional investors own 98.22% of the company’s stock.
UDR, Inc is a real estate investment trust. The Company owns, operates, acquires, renovates, develops, redevelops and manages multifamily apartment communities generally located in various markets across the United States. The Company operates through two segments: Same-Store Communities and Non-Mature Communities/Other.
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