Shares of UDR, Inc. (NYSE:UDR) have earned an average recommendation of “Hold” from the nineteen brokerages that are presently covering the stock, MarketBeat reports. Thirteen analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $38.91.
Several research firms have recently issued reports on UDR. UBS Group lowered UDR from a “buy” rating to a “neutral” rating and set a $38.00 target price for the company. in a report on Monday, March 19th. Bank of America upped their target price on UDR from $41.00 to $42.00 and gave the company a “buy” rating in a report on Friday, June 8th. ValuEngine lowered UDR from a “hold” rating to a “sell” rating in a report on Tuesday, May 22nd. BMO Capital Markets reaffirmed a “hold” rating and issued a $38.00 target price on shares of UDR in a report on Wednesday, April 25th. Finally, Stifel Nicolaus raised UDR from a “hold” rating to a “buy” rating and upped their target price for the company from $38.00 to $40.00 in a report on Thursday, May 31st.
UDR traded up $0.42 during midday trading on Thursday, reaching $37.10. 1,326,600 shares of the company were exchanged, compared to its average volume of 1,525,593. The company has a debt-to-equity ratio of 1.30, a quick ratio of 5.83 and a current ratio of 5.83. The firm has a market capitalization of $9.97 billion, a P/E ratio of 19.84, a P/E/G ratio of 3.33 and a beta of 0.36. UDR has a one year low of $32.88 and a one year high of $40.71.
UDR (NYSE:UDR) last issued its quarterly earnings data on Wednesday, April 25th. The real estate investment trust reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.17). The company had revenue of $253.31 million for the quarter, compared to the consensus estimate of $252.02 million. UDR had a return on equity of 6.57% and a net margin of 17.65%. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.45 earnings per share. equities analysts forecast that UDR will post 1.93 earnings per share for the current year.
In related news, CEO Thomas W. Toomey sold 13,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 28th. The stock was sold at an average price of $35.50, for a total value of $461,500.00. Following the transaction, the chief executive officer now owns 1,149,390 shares in the company, valued at $40,803,345. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Warren L. Troupe sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, March 16th. The shares were sold at an average price of $35.91, for a total value of $1,077,300.00. Following the completion of the transaction, the vice president now owns 528,378 shares in the company, valued at approximately $18,974,053.98. The disclosure for this sale can be found here. In the last quarter, insiders sold 93,000 shares of company stock worth $3,336,800. 3.16% of the stock is owned by company insiders.
Several large investors have recently bought and sold shares of UDR. Quantum Capital Management purchased a new stake in shares of UDR during the first quarter worth $201,000. IBM Retirement Fund purchased a new stake in shares of UDR during the first quarter worth $208,000. Jane Street Group LLC purchased a new stake in shares of UDR during the fourth quarter worth $223,000. Bbva Compass Bancshares Inc. purchased a new stake in shares of UDR during the fourth quarter worth $227,000. Finally, Neuberger Berman Group LLC lifted its position in shares of UDR by 47.3% during the first quarter. Neuberger Berman Group LLC now owns 8,052 shares of the real estate investment trust’s stock worth $287,000 after acquiring an additional 2,584 shares in the last quarter. Hedge funds and other institutional investors own 97.13% of the company’s stock.
UDR Company Profile
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 properties in targeted U.S.
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