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

UDR, Inc. (NYSE:UDR - Get Free Report) has been given a consensus recommendation of "Hold" by the seventeen brokerages that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $46.44.

A number of research analysts have issued reports on the stock. Scotiabank upped their target price on shares of UDR from $48.00 to $49.00 and gave the company a "sector perform" rating in a report on Friday, February 14th. Barclays upped their target price on shares of UDR from $48.00 to $51.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Truist Financial lowered shares of UDR from a "buy" rating to a "hold" rating and upped their target price for the company from $45.00 to $46.00 in a report on Monday, March 10th. Mizuho reduced their target price on shares of UDR from $45.00 to $41.00 and set a "neutral" rating on the stock in a report on Friday, May 23rd. Finally, Zelman & Associates reiterated a "neutral" rating on shares of UDR in a report on Thursday, February 13th.

UDR Price Performance

UDR stock opened at $41.07 on Friday. UDR has a 52 week low of $36.61 and a 52 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 firm's 50-day simple moving average is $41.30 and its 200 day simple moving average is $42.63. The firm has a market capitalization of $13.61 billion, a PE ratio of 164.29, a P/E/G ratio of 8.67 and a beta of 0.83.

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 (EPS) for the quarter, meeting analysts' consensus estimates of $0.61. The company had revenue of $419.84 million for the quarter, compared to analyst estimates of $421.23 million. UDR had a net margin of 5.36% and a return on equity of 2.65%. The firm's quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.61 EPS. On average, equities research analysts predict that UDR will post 2.51 EPS for the current fiscal year.

UDR Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Thursday, April 10th were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date was Thursday, April 10th. This is an increase from UDR's previous quarterly dividend of $0.43. UDR's dividend payout ratio is 491.43%.

Institutional Trading of UDR

Institutional investors and hedge funds have recently bought and sold shares of the business. Beaird Harris Wealth Management LLC acquired a new stake in UDR during the 1st quarter worth approximately $28,000. Spire Wealth Management increased its position in 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 purchasing an additional 739 shares in the last quarter. Sentry Investment Management LLC acquired a new stake in UDR during the 1st quarter worth approximately $47,000. Horizon Financial Services LLC acquired a new stake in UDR during the 1st quarter worth approximately $51,000. Finally, National Pension Service increased its position in UDR by 2,553.5% during the 1st quarter. National Pension Service now owns 1,141 shares of the real estate investment trust's stock worth $52,000 after purchasing an additional 1,098 shares in the last quarter. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.