UDR (NYSE:UDR) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of UDR (NYSE:UDR) from a sell rating to a hold rating in a research report released on Thursday.

Several other research firms have also issued reports on UDR. Mizuho reduced their price target on UDR from $47.00 to $45.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Jefferies Financial Group downgraded shares of UDR from a “buy” rating to a “hold” rating and cut their price target for the company from $50.00 to $45.00 in a research report on Thursday, January 2nd. Scotiabank decreased their price objective on shares of UDR from $49.00 to $48.00 and set a “sector perform” rating for the company in a report on Thursday, November 14th. Barclays cut their target price on shares of UDR from $50.00 to $48.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Finally, Wells Fargo & Company decreased their price target on shares of UDR from $48.00 to $45.00 and set an “overweight” rating for the company in a report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $46.06.

UDR Stock Up 1.8 %

NYSE UDR opened at $42.99 on Thursday. The stock has a market capitalization of $14.18 billion, a P/E ratio of 116.18, a price-to-earnings-growth ratio of 11.38 and a beta of 0.88. UDR has a 52 week low of $34.19 and a 52 week high of $47.55. The company has a debt-to-equity ratio of 1.69, a quick ratio of 5.91 and a current ratio of 5.91. The stock has a fifty day moving average of $42.78 and a 200-day moving average of $43.43.

UDR (NYSE:UDR) last announced its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.53. UDR had a return on equity of 3.57% and a net margin of 7.68%. On average, equities research analysts forecast that UDR will post 2.48 EPS for the current year.

UDR Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 9th were issued a $0.425 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.70 annualized dividend and a dividend yield of 3.95%. UDR’s dividend payout ratio is currently 459.47%.

Institutional Trading of UDR

Hedge funds have recently added to or reduced their stakes in the company. Inceptionr LLC acquired a new position in UDR in the 4th quarter valued at $792,000. Raymond James Financial Inc. bought a new stake in shares of UDR in the fourth quarter valued at about $22,662,000. Arizona State Retirement System boosted its position in shares of UDR by 1.5% in the fourth quarter. Arizona State Retirement System now owns 90,987 shares of the real estate investment trust’s stock valued at $3,950,000 after acquiring an additional 1,358 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of UDR in the fourth quarter valued at about $2,763,000. Finally, Victory Capital Management Inc. increased its position in UDR by 3.5% during the fourth quarter. Victory Capital Management Inc. now owns 100,584 shares of the real estate investment trust’s stock worth $4,366,000 after acquiring an additional 3,394 shares during the period. 97.84% of the stock is owned by institutional investors and hedge funds.

About UDR

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.