UDR Inc. (NYSE:UDR) Receives $38.63 Consensus Price Target from Brokerages
Shares of UDR Inc. (NYSE:UDR) have earned a consensus recommendation of “Hold” from the nineteen analysts that are presently covering the firm. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $38.63.
Several equities research analysts have recently weighed in on UDR shares. BTIG Research started coverage on UDR in a research note on Thursday, August 25th. They issued a “buy” rating and a $42.00 price objective on the stock. Zacks Investment Research lowered UDR from a “hold” rating to a “sell” rating in a research note on Monday, June 13th. Cantor Fitzgerald reiterated a “buy” rating and issued a $39.50 price objective on shares of UDR in a research note on Monday, July 18th. Mizuho upgraded UDR from a “neutral” rating to a “buy” rating and upped their price objective for the company from $37.00 to $41.00 in a research note on Monday, August 1st. Finally, Citigroup Inc. upped their price objective on UDR from $37.00 to $38.00 and gave the company a “neutral” rating in a research note on Tuesday, August 2nd.
In other news, SVP Harry G. Alcock sold 7,500 shares of the stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $36.97, for a total value of $277,275.00. Following the transaction, the senior vice president now owns 120,145 shares of the company’s stock, valued at approximately $4,441,760.65. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Warren L. Troupe sold 15,000 shares of the stock in a transaction on Wednesday, September 28th. The shares were sold at an average price of $36.70, for a total value of $550,500.00. Following the completion of the transaction, the vice president now directly owns 562,903 shares in the company, valued at approximately $20,658,540.10. The disclosure for this sale can be found here. 2.79% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in UDR during the second quarter worth approximately $398,000. Kentucky Retirement Systems purchased a new stake in UDR during the second quarter worth approximately $839,000. Mason Street Advisors LLC purchased a new stake in UDR during the second quarter worth approximately $1,328,000. Royal Bank of Canada boosted its stake in UDR by 5.9% in the second quarter. Royal Bank of Canada now owns 63,892 shares of the real estate investment trust’s stock worth $2,359,000 after buying an additional 3,584 shares in the last quarter. Finally, Cohen & Steers Inc. boosted its stake in UDR by 6.7% in the second quarter. Cohen & Steers Inc. now owns 43,332,308 shares of the real estate investment trust’s stock worth $1,599,829,000 after buying an additional 2,719,419 shares in the last quarter. 98.22% of the stock is currently owned by institutional investors.
Shares of UDR (NYSE:UDR) opened at 33.73 on Tuesday. The company has a market cap of $9.01 billion, a P/E ratio of 43.30 and a beta of 0.52. UDR has a one year low of $32.90 and a one year high of $38.61. The company has a 50 day moving average price of $35.72 and a 200 day moving average price of $36.17.
UDR (NYSE:UDR) last released its quarterly earnings data on Tuesday, July 26th. The real estate investment trust reported $0.44 earnings per share for the quarter, meeting the consensus estimate of $0.44. UDR had a return on equity of 7.15% and a net margin of 21.86%. The company had revenue of $238.79 million for the quarter, compared to analyst estimates of $235.77 million. During the same period in the prior year, the company posted $0.41 EPS. The company’s revenue was up 10.6% compared to the same quarter last year. Equities research analysts expect that UDR will post $1.78 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Stockholders of record on Tuesday, October 11th will be paid a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date of this dividend is Thursday, October 6th. UDR’s dividend payout ratio (DPR) is currently 155.26%.
UDR, Inc is a real estate investment trust. The Company owns, operates, acquires, renovates, develops, redevelops and manages multifamily apartment communities generally located in various markets across the United States. The Company operates through two segments: Same-Store Communities and Non-Mature Communities/Other.
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