UDR, Inc. (NYSE:UDR) Given Average Recommendation of “Hold” by Analysts

UDR, Inc. (NYSE:UDR) has been assigned an average rating of “Hold” from the sixteen analysts that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $46.00.

Several equities research analysts recently issued reports on the stock. StockNews.com raised shares of UDR from a “sell” rating to a “hold” rating in a research note on Thursday, December 12th. Truist Financial boosted their price target on UDR from $44.00 to $47.00 and gave the stock a “buy” rating in a research note on Monday, August 26th. BNP Paribas started coverage on UDR in a research note on Wednesday, September 11th. They set an “outperform” rating and a $49.00 price objective for the company. Piper Sandler upped their target price on UDR from $40.00 to $46.00 and gave the company a “neutral” rating in a research report on Monday, August 26th. Finally, JPMorgan Chase & Co. raised their price target on shares of UDR from $43.00 to $50.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th.

Hedge Funds Weigh In On UDR

Institutional investors have recently made changes to their positions in the stock. International Assets Investment Management LLC lifted its holdings in shares of UDR by 4,436.2% in the 3rd quarter. International Assets Investment Management LLC now owns 44,228 shares of the real estate investment trust’s stock worth $2,005,000 after purchasing an additional 43,253 shares during the last quarter. Los Angeles Capital Management LLC lifted its stake in UDR by 1,665.3% in the third quarter. Los Angeles Capital Management LLC now owns 369,448 shares of the real estate investment trust’s stock valued at $16,751,000 after buying an additional 348,520 shares during the last quarter. MQS Management LLC acquired a new position in shares of UDR during the third quarter valued at $712,000. Millennium Management LLC grew its position in shares of UDR by 115.3% during the second quarter. Millennium Management LLC now owns 3,499,150 shares of the real estate investment trust’s stock worth $143,990,000 after acquiring an additional 1,874,096 shares during the last quarter. Finally, BSN CAPITAL PARTNERS Ltd acquired a new stake in shares of UDR in the 3rd quarter worth about $10,987,000. 97.84% of the stock is owned by institutional investors.

UDR Trading Down 1.2 %

UDR opened at $42.42 on Friday. The firm’s 50 day moving average is $44.34 and its 200-day moving average is $43.08. UDR has a 52-week low of $34.19 and a 52-week high of $47.55. The company has a quick ratio of 5.91, a current ratio of 5.91 and a debt-to-equity ratio of 1.69. The firm has a market capitalization of $14.00 billion, a P/E ratio of 114.65, a P/E/G ratio of 12.34 and a beta of 0.87.

UDR Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Thursday, January 9th will be paid a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 4.01%. UDR’s dividend payout ratio (DPR) is 459.46%.

UDR Company Profile

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.