UDR (NYSE:UDR) Research Coverage Started at The Goldman Sachs Group

The Goldman Sachs Group began coverage on shares of UDR (NYSE:UDR) in a research report report published on Wednesday, MarketBeat Ratings reports. The firm issued a sell rating and a $42.00 price target on the real estate investment trust’s stock.

Several other equities research analysts also recently weighed in on the company. Truist Financial raised their price target on UDR from $44.00 to $47.00 and gave the stock a buy rating in a report on Monday, August 26th. Royal Bank of Canada lowered their target price on shares of UDR from $41.00 to $40.00 and set a sector perform rating for the company in a research note on Thursday, August 1st. Evercore ISI upped their price target on shares of UDR from $40.00 to $42.00 and gave the company an in-line rating in a research note on Wednesday, August 28th. UBS Group lifted their price objective on shares of UDR from $44.00 to $48.00 and gave the stock a buy rating in a research note on Thursday, July 18th. Finally, 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. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, UDR has an average rating of Hold and a consensus target price of $42.82.

UDR Stock Down 0.9 %

NYSE:UDR opened at $44.04 on Wednesday. The company has a debt-to-equity ratio of 1.57, a quick ratio of 5.82 and a current ratio of 5.82. The stock has a market capitalization of $14.50 billion, a P/E ratio of 31.91, a P/E/G ratio of 9.78 and a beta of 0.85. The company’s 50-day simple moving average is $41.86 and its 200-day simple moving average is $39.35. UDR has a fifty-two week low of $30.95 and a fifty-two week high of $45.10.

UDR (NYSE:UDR) last issued its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.53). The business had revenue of $415.30 million for the quarter, compared to analyst estimates of $413.75 million. UDR had a return on equity of 3.70% and a net margin of 8.34%. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.61 earnings per share. On average, equities analysts anticipate that UDR will post 2.46 earnings per share for the current fiscal year.

UDR Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 10th were given a $0.425 dividend. The ex-dividend date was Wednesday, July 10th. This represents a $1.70 annualized dividend and a yield of 3.86%. UDR’s dividend payout ratio is presently 123.19%.

Hedge Funds Weigh In On UDR

Several institutional investors have recently made changes to their positions in UDR. Family Firm Inc. acquired a new stake in UDR during the second quarter valued at $26,000. Principal Securities Inc. acquired a new stake in shares of UDR during the 4th quarter valued at about $26,000. Fidelis Capital Partners LLC acquired a new stake in shares of UDR during the 1st quarter valued at about $26,000. Quest Partners LLC purchased a new position in shares of UDR in the 4th quarter valued at about $27,000. Finally, UMB Bank n.a. acquired a new position in UDR in the 2nd quarter worth about $33,000. 97.84% of the stock is owned by hedge funds and other institutional investors.

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.