Shares of UDR, Inc. (NYSE:UDR – Get Rating) have been given an average recommendation of "Hold" by the eighteen research firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $46.71.
Several equities research analysts have weighed in on UDR shares. Piper Sandler lowered their target price on shares of UDR from $48.00 to $44.00 and set a "neutral" rating for the company in a research note on Friday, October 7th. Mizuho lowered their target price on shares of UDR from $46.00 to $41.00 and set a "neutral" rating for the company in a research note on Thursday, November 10th. Jefferies Financial Group lowered their target price on shares of UDR from $55.00 to $46.00 and set a "buy" rating for the company in a research note on Wednesday, October 19th. Capital One Financial restated an "overweight" rating on shares of UDR in a research note on Wednesday, November 30th. Finally, Barclays decreased their price target on shares of UDR from $56.00 to $44.00 and set an "overweight" rating for the company in a report on Thursday, November 10th.
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Insider Buying and Selling
In other UDR news, CEO Thomas W. Toomey sold 20,000 shares of UDR stock in a transaction on Wednesday, November 23rd. The shares were sold at an average price of $40.44, for a total value of $808,800.00. Following the completion of the transaction, the chief executive officer now owns 984,716 shares of the company's stock, valued at $39,821,915.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.41% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Romano Brothers AND Company acquired a new stake in shares of UDR in the fourth quarter valued at about $43,000. Maryland State Retirement & Pension System acquired a new stake in shares of UDR in the fourth quarter valued at about $948,000. Czech National Bank grew its position in shares of UDR by 0.9% in the fourth quarter. Czech National Bank now owns 35,823 shares of the real estate investment trust's stock valued at $1,387,000 after purchasing an additional 328 shares during the period. State of Alaska Department of Revenue grew its position in shares of UDR by 1.1% in the fourth quarter. State of Alaska Department of Revenue now owns 207,051 shares of the real estate investment trust's stock valued at $8,017,000 after purchasing an additional 2,279 shares during the period. Finally, Aurora Investment Managers LLC. grew its position in shares of UDR by 3.8% in the fourth quarter. Aurora Investment Managers LLC. now owns 52,262 shares of the real estate investment trust's stock valued at $2,024,000 after purchasing an additional 1,927 shares during the period. Hedge funds and other institutional investors own 92.09% of the company's stock.
UDR Price Performance
Shares of UDR opened at $39.98 on Friday. The company has a market cap of $13.02 billion, a price-to-earnings ratio of 81.59, a price-to-earnings-growth ratio of 2.07 and a beta of 0.73. UDR has a twelve month low of $37.18 and a twelve month high of $60.01. The company has a quick ratio of 3.72, a current ratio of 3.72 and a debt-to-equity ratio of 1.44. The company has a 50 day moving average of $39.61 and a two-hundred day moving average of $42.30.
UDR Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 31st. Investors of record on Monday, January 9th will be issued a dividend of $0.38 per share. The ex-dividend date is Friday, January 6th. This represents a $1.52 annualized dividend and a dividend yield of 3.80%. UDR's dividend payout ratio (DPR) is presently 310.20%.
About UDR
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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.
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