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

Shares of UDR, Inc. (NYSE:UDR - Get Free Report) have received a consensus rating of "Hold" from the seventeen research firms that are currently covering the company, MarketBeat.com reports. Eleven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $41.44.

A number of brokerages have commented on UDR. Morgan Stanley reiterated an "equal weight" rating and issued a $37.00 target price on shares of UDR in a report on Monday, February 26th. Wells Fargo & Company upgraded shares of UDR from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $34.00 to $39.00 in a research note on Monday, March 4th. UBS Group raised UDR from a "neutral" rating to a "buy" rating and upped their price target for the stock from $38.00 to $44.00 in a research report on Thursday, April 25th. Wedbush reissued an "outperform" rating and issued a $40.00 price objective on shares of UDR in a research report on Monday, April 29th. Finally, Truist Financial reduced their target price on UDR from $45.00 to $42.00 and set a "buy" rating on the stock in a research report on Tuesday, April 9th.

UDR Stock Up 1.8 %

Shares of NYSE:UDR traded up $0.66 on Friday, reaching $38.23. The company had a trading volume of 2,867,237 shares, compared to its average volume of 3,191,106. The firm has a market capitalization of $12.59 billion, a PE ratio of 27.70, a PEG ratio of 3.01 and a beta of 0.79. The company has a current ratio of 6.61, a quick ratio of 5.15 and a debt-to-equity ratio of 1.49. UDR has a 52-week low of $30.95 and a 52-week high of $44.02. The firm's 50 day simple moving average is $36.92 and its 200-day simple moving average is $36.02.

UDR Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Wednesday, April 10th were issued a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 4.45%. The ex-dividend date of this dividend was Tuesday, April 9th. This is a boost from UDR's previous quarterly dividend of $0.42. UDR's payout ratio is 123.19%.

Hedge Funds Weigh In On UDR

Institutional investors have recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of UDR in the fourth quarter valued at about $1,065,482,000. Cohen & Steers Inc. boosted its holdings in shares of UDR by 3.8% during the 4th quarter. Cohen & Steers Inc. now owns 26,775,574 shares of the real estate investment trust's stock worth $1,025,351,000 after purchasing an additional 984,807 shares during the last quarter. FMR LLC grew its position in shares of UDR by 3.4% in the third quarter. FMR LLC now owns 12,081,005 shares of the real estate investment trust's stock valued at $430,929,000 after purchasing an additional 394,581 shares in the last quarter. Centersquare Investment Management LLC grew its position in shares of UDR by 35.9% in the fourth quarter. Centersquare Investment Management LLC now owns 8,117,175 shares of the real estate investment trust's stock valued at $310,807,000 after purchasing an additional 2,145,242 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its holdings in shares of UDR by 22.3% in the first quarter. Daiwa Securities Group Inc. now owns 7,467,881 shares of the real estate investment trust's stock valued at $279,373,000 after purchasing an additional 1,359,804 shares during the last quarter. 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.