UDR, Inc. (NYSE:UDR) Receives Average Rating of "Hold" from Analysts

Shares of UDR, Inc. (NYSE:UDR - Get Free Report) have earned a consensus rating of "Hold" from the sixteen ratings firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $41.35.

UDR has been the subject of a number of analyst reports. KeyCorp cut their price objective on UDR from $48.00 to $45.00 and set an "overweight" rating for the company in a report on Wednesday, December 13th. Truist Financial cut their price objective on UDR from $45.00 to $42.00 and set a "buy" rating on the stock in a report on Tuesday. Deutsche Bank Aktiengesellschaft assumed coverage on UDR in a research note on Tuesday, January 30th. They issued a "hold" rating and a $40.00 target price on the stock. Mizuho cut their target price on UDR from $38.00 to $35.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 28th. Finally, Morgan Stanley restated an "equal weight" rating and issued a $37.00 target price on shares of UDR in a research note on Monday, February 26th.

UDR Price Performance

Shares of NYSE UDR traded up $0.66 during midday trading on Tuesday, reaching $37.87. 3,594,344 shares of the company traded hands, compared to its average volume of 2,956,067. The firm has a market cap of $12.47 billion, a PE ratio of 28.26, a PEG ratio of 2.91 and a beta of 0.80. The stock's 50-day simple moving average is $36.44 and its 200-day simple moving average is $35.87. UDR has a 12 month low of $30.95 and a 12 month high of $44.02. The company has a debt-to-equity ratio of 1.47, a quick ratio of 5.15 and a current ratio of 5.15.

UDR Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Wednesday, April 10th will be issued a dividend of $0.425 per share. The ex-dividend date of this dividend is Tuesday, April 9th. This is a positive change from UDR's previous quarterly dividend of $0.42. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.49%. UDR's payout ratio is presently 125.37%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Clear Street Markets LLC grew its holdings in UDR by 96.1% in the 1st quarter. Clear Street Markets LLC now owns 606 shares of the real estate investment trust's stock valued at $25,000 after buying an additional 297 shares in the last quarter. Principal Securities Inc. acquired a new position in UDR in the 4th quarter valued at $26,000. Quest Partners LLC acquired a new position in UDR in the 4th quarter valued at $27,000. International Assets Investment Management LLC acquired a new position in UDR in the 3rd quarter valued at $35,000. Finally, Parkside Financial Bank & Trust lifted its position in shares of UDR by 225.7% during the 3rd quarter. Parkside Financial Bank & Trust now owns 1,088 shares of the real estate investment trust's stock valued at $39,000 after acquiring an additional 754 shares during the period. 97.84% of the stock is owned by institutional investors and hedge funds.

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.