Brokerages Set UDR, Inc. (NYSE:UDR) Price Target at $46.69

UDR, Inc. (NYSE:UDR - Get Free Report) has been assigned a consensus rating of "Hold" from the seventeen ratings firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $46.69.

Several analysts have recently commented on the company. Royal Bank of Canada increased their target price on UDR from $43.00 to $44.00 and gave the stock a "sector perform" rating in a report on Thursday, May 8th. Scotiabank increased their price objective on shares of UDR from $48.00 to $49.00 and gave the stock a "sector perform" rating in a report on Friday, February 14th. Evercore ISI boosted their target price on shares of UDR from $43.00 to $45.00 and gave the stock an "in-line" rating in a research note on Monday, February 10th. Truist Financial lowered shares of UDR from a "buy" rating to a "hold" rating and upped their target price for the stock from $45.00 to $46.00 in a research report on Monday, March 10th. Finally, Barclays raised their price target on shares of UDR from $48.00 to $51.00 and gave the company an "overweight" rating in a report on Friday, May 9th.

UDR Stock Performance

NYSE UDR traded up $0.53 during midday trading on Wednesday, hitting $42.43. The company had a trading volume of 2,270,450 shares, compared to its average volume of 2,142,832. The firm has a fifty day simple moving average of $42.21 and a two-hundred day simple moving average of $42.93. UDR has a fifty-two week low of $36.61 and a fifty-two week high of $47.55. The company has a quick ratio of 5.91, a current ratio of 5.61 and a debt-to-equity ratio of 1.71. The stock has a market cap of $14.06 billion, a price-to-earnings ratio of 169.72, a P/E/G ratio of 8.67 and a beta of 0.84.

UDR (NYSE:UDR - Get Free Report) last released its earnings results on Wednesday, April 30th. The real estate investment trust reported $0.61 earnings per share for the quarter, hitting analysts' consensus estimates of $0.61. UDR had a return on equity of 2.65% and a net margin of 5.36%. The business had revenue of $419.84 million for the quarter, compared to the consensus estimate of $421.23 million. During the same period last year, the business earned $0.61 earnings per share. The firm's revenue for the quarter was up 2.0% compared to the same quarter last year. Equities analysts forecast that UDR will post 2.51 earnings per share for the current fiscal year.

UDR Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Thursday, April 10th were paid a dividend of $0.43 per share. The ex-dividend date of this dividend was Thursday, April 10th. This is a boost from UDR's previous quarterly dividend of $0.43. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.05%. UDR's payout ratio is 491.43%.

Insider Activity at UDR

In other UDR news, CEO Thomas W. Toomey sold 25,000 shares of the firm's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $42.75, for a total transaction of $1,068,750.00. Following the transaction, the chief executive officer now owns 824,716 shares in the company, valued at approximately $35,256,609. This trade represents a 2.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.39% of the stock is currently owned by corporate insiders.

Institutional Trading of UDR

A number of institutional investors and hedge funds have recently modified their holdings of UDR. JPMorgan Chase & Co. increased its stake in UDR by 5.0% in the third quarter. JPMorgan Chase & Co. now owns 7,774,541 shares of the real estate investment trust's stock valued at $352,498,000 after purchasing an additional 368,087 shares in the last quarter. Czech National Bank increased its position in shares of UDR by 6.5% in the 4th quarter. Czech National Bank now owns 65,104 shares of the real estate investment trust's stock valued at $2,826,000 after buying an additional 3,963 shares in the last quarter. Salem Investment Counselors Inc. increased its position in shares of UDR by 62.7% in the 4th quarter. Salem Investment Counselors Inc. now owns 1,349 shares of the real estate investment trust's stock valued at $59,000 after buying an additional 520 shares in the last quarter. Eastern Bank acquired a new stake in UDR during the 4th quarter worth $68,000. Finally, Oak Thistle LLC bought a new position in UDR during the fourth quarter worth about $559,000. 97.84% of the stock is owned by institutional investors.

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.