UDR (NYSE:UDR) Given New $45.00 Price Target at Wedbush

UDR (NYSE:UDR - Free Report) had its price objective boosted by Wedbush from $40.00 to $45.00 in a report issued on Monday morning, Benzinga reports. Wedbush currently has an outperform rating on the real estate investment trust's stock.

A number of other equities analysts also recently commented on UDR. Mizuho lowered their price objective on UDR from $38.00 to $35.00 and set a neutral rating for the company in a research report on Wednesday, February 28th. Barclays cut shares of UDR from an overweight rating to an equal weight rating and cut their price target for the stock from $46.00 to $37.00 in a report on Tuesday, February 20th. UBS Group upgraded UDR from a neutral rating to a buy rating and lifted their price target for the company from $38.00 to $44.00 in a research note on Thursday, April 25th. Scotiabank lowered shares of UDR from a sector outperform rating to a sector perform rating and set a $39.00 price target on the stock. in a research report on Wednesday, May 1st. Finally, Morgan Stanley reaffirmed an equal weight rating and issued a $37.00 target price on shares of UDR in a research note on Monday, February 26th. Twelve investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus target price of $41.72.

UDR Trading Up 1.7 %

UDR traded up $0.66 during mid-day trading on Monday, hitting $38.89. 2,525,984 shares of the stock were exchanged, compared to its average volume of 2,994,170. The company has a market cap of $12.81 billion, a PE ratio of 28.18, a PEG ratio of 3.06 and a beta of 0.79. The company has a current ratio of 6.61, a quick ratio of 6.61 and a debt-to-equity ratio of 1.49. The firm's fifty day moving average is $37.00 and its two-hundred day moving average is $36.04. UDR has a 1-year low of $30.95 and a 1-year high of $44.02.

UDR Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Wednesday, April 10th were paid a $0.425 dividend. This is a boost from UDR's previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $1.70 annualized dividend and a dividend yield of 4.37%. UDR's payout ratio is 123.19%.

Institutional Trading of UDR

A number of hedge funds have recently made changes to their positions in UDR. Forsta AP Fonden raised its position in shares of UDR by 10.4% during the 3rd quarter. Forsta AP Fonden now owns 63,600 shares of the real estate investment trust's stock valued at $2,269,000 after acquiring an additional 6,000 shares in the last quarter. New York State Teachers Retirement System grew its holdings in shares of UDR by 0.3% during the third quarter. New York State Teachers Retirement System now owns 316,725 shares of the real estate investment trust's stock valued at $11,298,000 after purchasing an additional 1,012 shares during the last quarter. Mackenzie Financial Corp grew its holdings in shares of UDR by 1.8% during the third quarter. Mackenzie Financial Corp now owns 30,386 shares of the real estate investment trust's stock valued at $1,058,000 after purchasing an additional 550 shares during the last quarter. Strs Ohio boosted its position in UDR by 23.3% during the 3rd quarter. Strs Ohio now owns 477,293 shares of the real estate investment trust's stock valued at $17,025,000 after purchasing an additional 90,200 shares during the period. Finally, IFM Investors Pty Ltd increased its position in UDR by 2.7% in the third quarter. IFM Investors Pty Ltd now owns 65,419 shares of the real estate investment trust's stock worth $2,333,000 after buying an additional 1,738 shares during the period. Institutional investors and hedge funds 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.