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. markets. As of September 30, 2020, UDR owned or had an ownership position in 51,649 apartment homes including 1,031 homes under development. For over 48 years, UDR has delivered long-term value to shareholders, the best standard of service to Residents and the highest quality experience for Associates.
Wall Street Analysts Forecast Growth
UDR has been the topic of several analyst reports. Evercore ISI set a $54.00 target price on UDR in a report on Monday, June 20th. TheStreet lowered UDR from a "b-" rating to a "c+" rating in a report on Tuesday, April 26th. Scotiabank lowered their price target on UDR from $60.00 to $58.00 in a research report on Thursday, May 19th. Barclays lowered their price target on UDR from $63.00 to $56.00 in a research report on Tuesday, May 10th. Finally, Mizuho lowered their price target on UDR from $60.00 to $48.00 and set a "buy" rating on the stock in a research report on Monday, June 27th. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $55.47.
UDR Price Performance
UDR Stock opened at $50.39 on Wednesday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 3.45 and a current ratio of 3.45. UDR has a 52-week low of $42.00 and a 52-week high of $61.06. The stock's 50 day moving average price is $45.87 and its two-hundred day moving average price is $51.38. The stock has a market capitalization of $16.37 billion, a price-to-earnings ratio of 104.98, a PEG ratio of 3.28 and a beta of 0.75.
UDR Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, August 1st. Stockholders of record on Monday, July 11th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 3.02%. The ex-dividend date of this dividend was Friday, July 8th. UDR's dividend payout ratio (DPR) is currently 316.67%.