UDR, Inc. (NYSE:UDR) Receives $46.69 Average Target Price from Analysts

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

A number of research firms have commented on UDR. Wells Fargo & Company reduced their target price on UDR from $48.00 to $45.00 and set an "overweight" rating on the stock in a research report on Friday, January 24th. Royal Bank of Canada lifted their target price on UDR from $43.00 to $44.00 and gave the company a "sector perform" rating in a research report on Thursday, May 8th. Zelman & Associates restated a "neutral" rating on shares of UDR in a research report on Thursday, February 13th. Evercore ISI lifted their target price on UDR from $43.00 to $45.00 and gave the company an "in-line" rating in a research report on Monday, February 10th. Finally, Barclays boosted their price objective on UDR from $48.00 to $51.00 and gave the company an "overweight" rating in a report on Friday, May 9th.

Insider Buying and Selling

In other news, CEO Thomas W. Toomey sold 25,000 shares of the company'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 completion of the transaction, the chief executive officer now directly owns 824,716 shares of the company's stock, valued at approximately $35,256,609. This represents a 2.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.39% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Beaird Harris Wealth Management LLC acquired a new position in shares of UDR during the 1st quarter worth about $28,000. Spire Wealth Management boosted its position in shares of UDR by 3,079.2% during the 1st quarter. Spire Wealth Management now owns 763 shares of the real estate investment trust's stock worth $34,000 after acquiring an additional 739 shares in the last quarter. Sentry Investment Management LLC purchased a new stake in shares of UDR in the 1st quarter valued at about $47,000. Horizon Financial Services LLC purchased a new stake in shares of UDR in the 1st quarter valued at about $51,000. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of UDR by 68.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,206 shares of the real estate investment trust's stock valued at $52,000 after purchasing an additional 491 shares during the last quarter. 97.84% of the stock is owned by institutional investors and hedge funds.

UDR Trading Down 0.5%

UDR stock traded down $0.21 during trading on Wednesday, reaching $42.21. 1,601,167 shares of the company were exchanged, compared to its average volume of 2,140,678. UDR has a 52-week low of $36.61 and a 52-week high of $47.55. The company has a market capitalization of $13.98 billion, a P/E ratio of 168.84, a PEG ratio of 8.67 and a beta of 0.84. The company has a debt-to-equity ratio of 1.71, a current ratio of 5.61 and a quick ratio of 5.91. The stock's 50 day simple moving average is $42.19 and its two-hundred day simple moving average is $42.94.

UDR (NYSE:UDR - Get Free Report) last posted its earnings results on Wednesday, April 30th. The real estate investment trust reported $0.61 EPS for the quarter, meeting analysts' consensus estimates of $0.61. UDR had a return on equity of 2.65% and a net margin of 5.36%. The company had revenue of $419.84 million for the quarter, compared to the consensus estimate of $421.23 million. During the same quarter in the previous year, the business earned $0.61 earnings per share. The company's revenue for the quarter was up 2.0% on a year-over-year basis. On average, equities research analysts expect that UDR will post 2.51 earnings per share for the current fiscal year.

UDR Increases Dividend

The business also recently announced 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. This represents a $1.72 annualized dividend and a yield of 4.07%. This is a boost from UDR's previous quarterly dividend of $0.43. The ex-dividend date was Thursday, April 10th. UDR's payout ratio is presently 491.43%.

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.