Shares of UDR, Inc. (NYSE:UDR) have been given an average recommendation of “Hold” by the eighteen ratings firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $39.50.
A number of analysts have recently weighed in on the stock. Royal Bank of Canada increased their price objective on shares of UDR from $39.00 to $40.00 and gave the stock a “sector perform” rating in a research note on Friday, August 10th. Societe Generale initiated coverage on shares of UDR in a research note on Tuesday. They issued a “sell” rating on the stock. Barclays reissued a “hold” rating and set a $39.00 price target on shares of UDR in a report on Sunday, October 14th. Robert W. Baird reissued a “buy” rating and set a $40.00 price target on shares of UDR in a report on Thursday, August 16th. Finally, Stifel Nicolaus increased their price target on shares of UDR from $40.00 to $43.00 and gave the stock a “buy” rating in a report on Tuesday, September 25th.
NYSE:UDR opened at $39.39 on Wednesday. The firm has a market capitalization of $10.45 billion, a PE ratio of 21.06, a price-to-earnings-growth ratio of 3.29 and a beta of 0.33. UDR has a 1-year low of $32.88 and a 1-year high of $41.04. The company has a current ratio of 6.03, a quick ratio of 6.03 and a debt-to-equity ratio of 1.38.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 31st. Investors of record on Wednesday, October 10th will be issued a dividend of $0.3323 per share. The ex-dividend date is Tuesday, October 9th. This is an increase from UDR’s previous quarterly dividend of $0.32. This represents a $1.33 dividend on an annualized basis and a yield of 3.37%. UDR’s dividend payout ratio is 68.98%.
In other UDR news, SVP Harry G. Alcock sold 10,000 shares of the stock in a transaction on Thursday, September 13th. The shares were sold at an average price of $40.45, for a total transaction of $404,500.00. Following the transaction, the senior vice president now directly owns 126,123 shares of the company’s stock, valued at $5,101,675.35. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Lynne B. Sagalyn sold 4,773 shares of the stock in a transaction on Monday, September 17th. The shares were sold at an average price of $40.40, for a total transaction of $192,829.20. Following the transaction, the director now directly owns 87,176 shares in the company, valued at $3,521,910.40. The disclosure for this sale can be found here. Insiders have sold 114,773 shares of company stock worth $4,545,229 over the last three months. 3.16% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. Piedmont Investment Advisors LLC purchased a new position in UDR during the second quarter valued at $118,000. American National Bank purchased a new position in UDR during the second quarter valued at $130,000. Point72 Hong Kong Ltd lifted its holdings in UDR by 1,406.2% during the second quarter. Point72 Hong Kong Ltd now owns 3,886 shares of the real estate investment trust’s stock valued at $146,000 after purchasing an additional 3,628 shares in the last quarter. Lourd Capital LLC purchased a new position in UDR during the third quarter valued at $217,000. Finally, CAPROCK Group Inc. purchased a new position in UDR during the third quarter valued at $219,000. 95.29% of the stock is currently owned by institutional investors and hedge funds.
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 properties in targeted U.S.
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