UDR (NYSE:UDR) Stock Rating Lowered by Jefferies Financial Group

Jefferies Financial Group downgraded shares of UDR (NYSE:UDR) from a buy rating to a hold rating in a research note issued to investors on Thursday, MarketBeat Ratings reports. The firm currently has $45.00 price target on the real estate investment trust’s stock, down from their previous price target of $50.00.

A number of other equities analysts also recently issued reports on the stock. UBS Group lifted their price objective on shares of UDR from $48.00 to $52.00 and gave the stock a “buy” rating in a report on Thursday, September 12th. JPMorgan Chase & Co. increased their price objective on shares of UDR from $43.00 to $50.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. Deutsche Bank Aktiengesellschaft boosted their target price on UDR from $40.00 to $44.00 and gave the stock a “hold” rating in a research note on Tuesday, September 10th. BNP Paribas assumed coverage on UDR in a research report on Wednesday, September 11th. They set an “outperform” rating and a $49.00 price target for the company. Finally, The Goldman Sachs Group initiated coverage on UDR in a research note on Wednesday, September 4th. They issued a “sell” rating and a $42.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat, UDR currently has an average rating of “Hold” and a consensus target price of $45.94.

UDR Stock Up 1.3 %

UDR stock opened at $43.08 on Thursday. The firm has a market capitalization of $14.21 billion, a PE ratio of 116.44, a P/E/G ratio of 12.34 and a beta of 0.87. The company has a quick ratio of 5.91, a current ratio of 5.91 and a debt-to-equity ratio of 1.69. UDR has a twelve month low of $34.19 and a twelve month high of $47.55. The stock’s 50 day moving average is $44.13 and its 200-day moving average is $43.36.

UDR Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 10th will be given a $0.425 dividend. The ex-dividend date is Friday, January 10th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.95%. UDR’s dividend payout ratio (DPR) is currently 459.46%.

Institutional Trading of UDR

Institutional investors and hedge funds have recently modified their holdings of the business. FMR LLC increased its position in shares of UDR by 14.8% in the third quarter. FMR LLC now owns 11,401,026 shares of the real estate investment trust’s stock worth $516,923,000 after purchasing an additional 1,471,855 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of UDR by 5.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,774,541 shares of the real estate investment trust’s stock valued at $352,498,000 after buying an additional 368,087 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of UDR by 2.3% during the 3rd quarter. Daiwa Securities Group Inc. now owns 7,109,980 shares of the real estate investment trust’s stock worth $322,366,000 after acquiring an additional 159,625 shares during the last quarter. Dimensional Fund Advisors LP grew its position in UDR by 2.2% in the second quarter. Dimensional Fund Advisors LP now owns 4,732,429 shares of the real estate investment trust’s stock worth $194,737,000 after acquiring an additional 103,384 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in UDR by 2.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,272,032 shares of the real estate investment trust’s stock valued at $193,694,000 after purchasing an additional 117,213 shares in the last quarter. Hedge funds and other institutional investors own 97.84% of the company’s stock.

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.