UDR (NYSE:UDR) Price Target Raised to $44.00 at Royal Bank of Canada

UDR (NYSE:UDR) had its target price lifted by Royal Bank of Canada from $43.00 to $44.00 in a research note published on Friday morning,Benzinga reports. Royal Bank of Canada currently has a sector perform rating on the real estate investment trust’s stock.

Several other research firms have also issued reports on UDR. Scotiabank lowered their price objective on UDR from $49.00 to $48.00 and set a “sector perform” rating for the company in a research note on Thursday, November 14th. Mizuho lowered their price target on UDR from $47.00 to $45.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Jefferies Financial Group cut shares of UDR from a “buy” rating to a “hold” rating and cut their price objective for the company from $50.00 to $45.00 in a research report on Thursday, January 2nd. Barclays reduced their target price on shares of UDR from $50.00 to $48.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Finally, StockNews.com upgraded shares of UDR from a “sell” rating to a “hold” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, UDR currently has a consensus rating of “Hold” and an average price target of $46.00.

UDR Trading Down 0.2 %

UDR stock opened at $42.91 on Friday. The firm has a market cap of $14.16 billion, a PE ratio of 171.64, a price-to-earnings-growth ratio of 11.72 and a beta of 0.88. The firm has a fifty day moving average price of $42.71 and a 200 day moving average price of $43.43. The company has a debt-to-equity ratio of 1.71, a quick ratio of 5.91 and a current ratio of 1.32. UDR has a fifty-two week low of $34.19 and a fifty-two week high of $47.55.

UDR (NYSE:UDR) last issued its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.53. UDR had a net margin of 5.36% and a return on equity of 2.65%. Sell-side analysts anticipate that UDR will post 2.51 earnings per share for the current fiscal year.

UDR Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 9th were given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date of this dividend was Friday, January 10th. UDR’s payout ratio is presently 680.00%.

Institutional Trading of UDR

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Sequoia Financial Advisors LLC raised its stake in UDR by 11.3% in the fourth quarter. Sequoia Financial Advisors LLC now owns 7,676 shares of the real estate investment trust’s stock valued at $333,000 after buying an additional 779 shares during the last quarter. GC Wealth Management RIA LLC raised its position in shares of UDR by 21.3% in the 4th quarter. GC Wealth Management RIA LLC now owns 9,088 shares of the real estate investment trust’s stock valued at $395,000 after purchasing an additional 1,595 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in UDR by 24.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 299,351 shares of the real estate investment trust’s stock valued at $12,995,000 after purchasing an additional 59,725 shares in the last quarter. Amundi raised its holdings in shares of UDR by 22.8% in the fourth quarter. Amundi now owns 1,655,179 shares of the real estate investment trust’s stock worth $68,226,000 after buying an additional 307,823 shares during the last quarter. Finally, Naviter Wealth LLC acquired a new stake in shares of UDR during the fourth quarter worth $714,000. 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.