Shares of UDR, Inc. (NYSE:UDR) have been given an average recommendation of “Hold” by the eighteen brokerages that are presently covering the firm, MarketBeat Ratings reports. Thirteen analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $38.45.
A number of equities analysts recently weighed in on UDR shares. Robert W. Baird set a $38.00 price target on UDR and gave the company a “buy” rating in a research report on Friday, March 2nd. Mizuho set a $38.00 price target on UDR and gave the company a “buy” rating in a research report on Friday, February 9th. Bank of America upgraded UDR from a “neutral” rating to a “buy” rating and set a $40.00 price target for the company in a research report on Friday, March 9th. TheStreet lowered UDR from a “b-” rating to a “c” rating in a research report on Tuesday, February 6th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $38.00 price target on shares of UDR in a research report on Friday, March 2nd.
In related news, CEO Thomas W. Toomey sold 13,000 shares of the stock in a transaction dated Wednesday, March 28th. The stock was sold at an average price of $35.50, for a total value of $461,500.00. Following the completion of the sale, the chief executive officer now directly owns 1,149,390 shares of the company’s stock, valued at approximately $40,803,345. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Warren L. Troupe sold 30,000 shares of the stock in a transaction dated Friday, March 16th. The stock was sold at an average price of $35.91, for a total value of $1,077,300.00. Following the completion of the sale, the vice president now directly owns 528,378 shares of the company’s stock, valued at $18,974,053.98. The disclosure for this sale can be found here. Over the last three months, insiders sold 63,000 shares of company stock valued at $2,256,800. Company insiders own 3.07% of the company’s stock.
A number of institutional investors have recently made changes to their positions in UDR. Public Employees Retirement Association of Colorado raised its stake in shares of UDR by 3.2% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 53,940 shares of the real estate investment trust’s stock worth $2,078,000 after purchasing an additional 1,690 shares in the last quarter. California Public Employees Retirement System raised its stake in shares of UDR by 0.3% during the 4th quarter. California Public Employees Retirement System now owns 653,942 shares of the real estate investment trust’s stock worth $25,190,000 after purchasing an additional 2,012 shares in the last quarter. ING Groep NV raised its stake in shares of UDR by 10.0% during the 4th quarter. ING Groep NV now owns 25,441 shares of the real estate investment trust’s stock worth $980,000 after purchasing an additional 2,317 shares in the last quarter. LMR Partners LLP raised its stake in shares of UDR by 18.8% during the 4th quarter. LMR Partners LLP now owns 14,730 shares of the real estate investment trust’s stock worth $567,000 after purchasing an additional 2,329 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its stake in shares of UDR by 1.1% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 227,089 shares of the real estate investment trust’s stock worth $8,747,000 after purchasing an additional 2,570 shares in the last quarter. 97.69% of the stock is owned by hedge funds and other institutional investors.
UDR stock remained flat at $$35.71 during trading hours on Friday. The company had a trading volume of 1,316,627 shares, compared to its average volume of 1,543,417. The company has a debt-to-equity ratio of 1.32, a current ratio of 4.93 and a quick ratio of 4.93. UDR has a fifty-two week low of $32.88 and a fifty-two week high of $40.71. The company has a market capitalization of $9,661.80, a PE ratio of 19.27, a P/E/G ratio of 3.34 and a beta of 0.36.
UDR (NYSE:UDR) last released its quarterly earnings results on Tuesday, February 6th. The real estate investment trust reported $0.48 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.48. UDR had a return on equity of 4.53% and a net margin of 12.21%. The business had revenue of $250.12 million during the quarter, compared to analyst estimates of $250.37 million. During the same quarter last year, the company posted $0.46 EPS. UDR’s revenue for the quarter was up 4.2% on a year-over-year basis. sell-side analysts expect that UDR will post 1.93 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Monday, April 9th will be paid a $0.3225 dividend. This is an increase from UDR’s previous quarterly dividend of $0.31. This represents a $1.29 annualized dividend and a yield of 3.61%. The ex-dividend date is Friday, April 6th. UDR’s dividend payout ratio is currently 66.31%.
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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.
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