SunTrust Banks set a $38.00 price objective on UDR (NYSE:UDR) in a report released on Monday morning. The firm currently has a hold rating on the real estate investment trust’s stock. SunTrust Banks also issued estimates for UDR’s Q3 2018 earnings at $0.48 EPS and FY2022 earnings at $2.15 EPS.

Several other research firms have also recently issued reports on UDR. BMO Capital Markets reiterated a hold rating and issued a $41.00 target price on shares of UDR in a research note on Monday, November 27th. Royal Bank of Canada boosted their target price on shares of UDR from $39.00 to $40.00 and gave the company a sector perform rating in a research note on Wednesday, November 8th. Evercore ISI upgraded shares of UDR from an underperform rating to an in-line rating in a research note on Monday, December 11th. Mizuho reiterated a buy rating and issued a $43.00 target price on shares of UDR in a research note on Monday, November 6th. Finally, Robert W. Baird reiterated a buy rating and issued a $40.00 target price on shares of UDR in a research note on Tuesday, January 9th. Twelve research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. UDR currently has a consensus rating of Hold and a consensus target price of $39.38.

Shares of UDR (UDR) opened at $33.79 on Monday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 5.45 and a current ratio of 4.93. UDR has a 12 month low of $32.88 and a 12 month high of $40.71. The company has a market cap of $9,033.64, a P/E ratio of 78.58, a price-to-earnings-growth ratio of 2.89 and a beta of 0.33.

UDR (NYSE:UDR) last announced its quarterly earnings data on Tuesday, February 6th. The real estate investment trust reported $0.48 EPS for the quarter, meeting the consensus estimate of $0.48. UDR had a net margin of 12.21% and a return on equity of 4.53%. The business had revenue of $250.12 million during the quarter, compared to analysts’ expectations of $250.37 million. During the same period in the previous year, the business posted $0.46 EPS. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. equities research analysts predict that UDR will post 1.95 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Wednesday, January 10th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 3.67%. The ex-dividend date was Tuesday, January 9th. UDR’s payout ratio is presently 288.37%.

In related news, CEO Thomas W. Toomey sold 20,000 shares of the business’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $39.20, for a total value of $784,000.00. Following the completion of the sale, the chief executive officer now owns 1,127,925 shares of the company’s stock, valued at approximately $44,214,660. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.07% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of UDR. Bbva Compass Bancshares Inc. purchased a new stake in UDR in the 4th quarter worth $227,000. Fox Run Management L.L.C. increased its holdings in UDR by 51.8% in the 4th quarter. Fox Run Management L.L.C. now owns 8,500 shares of the real estate investment trust’s stock worth $327,000 after acquiring an additional 2,900 shares in the last quarter. WESCAP Management Group Inc. increased its holdings in UDR by 55.1% in the 3rd quarter. WESCAP Management Group Inc. now owns 10,949 shares of the real estate investment trust’s stock worth $416,000 after acquiring an additional 3,890 shares in the last quarter. Exane Derivatives purchased a new stake in UDR in the 4th quarter worth $432,000. Finally, Dean Capital Investments Management LLC purchased a new stake in UDR in the 4th quarter worth $478,000. 96.73% of the stock is owned by institutional investors.

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About UDR

UDR, Inc is a self-administered real estate investment trust. The Company owns, operates, acquires, renovates, develops, redevelops, disposes of and manages multifamily apartment communities generally located in various markets across the United States. The Company’s segments are Same-Store Communities and Non-Mature Communities/Other.

Analyst Recommendations for UDR (NYSE:UDR)

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