Shares of UDR, Inc. (NYSE:UDR) have been assigned a consensus rating of “Hold” from the eighteen analysts that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and six have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $39.50.

UDR has been the subject of several research reports. Stifel Nicolaus boosted their price objective on shares of UDR from $40.00 to $43.00 and gave the company a “buy” rating in a research report on Tuesday, September 25th. Robert W. Baird reissued a “buy” rating and issued a $40.00 price objective on shares of UDR in a research report on Thursday, August 16th. Zacks Investment Research raised shares of UDR from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a research report on Wednesday, July 25th. ValuEngine raised shares of UDR from a “sell” rating to a “hold” rating in a research report on Tuesday, June 26th. Finally, Barclays reissued a “hold” rating and issued a $39.00 price objective on shares of UDR in a research report on Sunday, October 14th.

In other news, Director Lynne B. Sagalyn sold 4,773 shares of the company’s stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of $40.40, for a total value of $192,829.20. Following the completion of the sale, the director now owns 87,176 shares of the company’s stock, valued at approximately $3,521,910.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Harry G. Alcock sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, September 13th. The stock was sold at an average price of $40.45, for a total transaction of $404,500.00. Following the completion of the sale, the senior vice president now directly owns 126,123 shares of the company’s stock, valued at approximately $5,101,675.35. The disclosure for this sale can be found here. Insiders sold a total of 114,773 shares of company stock valued at $4,545,229 in the last ninety days. Corporate insiders own 3.16% of the company’s stock.

A number of large investors have recently bought and sold shares of UDR. Bank of Montreal Can purchased a new stake in UDR during the second quarter valued at approximately $47,089,000. Standard Life Aberdeen plc lifted its position in UDR by 1,910.7% during the second quarter. Standard Life Aberdeen plc now owns 1,050,547 shares of the real estate investment trust’s stock valued at $39,437,000 after acquiring an additional 998,300 shares during the last quarter. Millennium Management LLC lifted its position in UDR by 771.9% during the second quarter. Millennium Management LLC now owns 768,480 shares of the real estate investment trust’s stock valued at $28,849,000 after acquiring an additional 680,346 shares during the last quarter. Gateway Investment Advisers LLC purchased a new stake in UDR during the second quarter valued at approximately $24,293,000. Finally, FMR LLC lifted its position in UDR by 3.4% during the second quarter. FMR LLC now owns 16,025,171 shares of the real estate investment trust’s stock valued at $601,586,000 after acquiring an additional 528,079 shares during the last quarter. 95.29% of the stock is owned by institutional investors.

UDR stock opened at $39.39 on Wednesday. The stock has a market capitalization of $10.45 billion, a price-to-earnings ratio of 21.06, a P/E/G ratio of 3.29 and a beta of 0.33. The company has a debt-to-equity ratio of 1.38, a current ratio of 6.03 and a quick ratio of 6.03. UDR has a 1 year low of $32.88 and a 1 year high of $41.04.

UDR (NYSE:UDR) last released its quarterly earnings data on Monday, July 30th. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.01. The company had revenue of $259.74 million during the quarter, compared to analysts’ expectations of $253.59 million. UDR had a net margin of 18.47% and a return on equity of 6.87%. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.47 EPS. As a group, research analysts expect that UDR will post 1.94 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 31st. Stockholders of record on Wednesday, October 10th will be given a $0.3323 dividend. This represents a $1.33 annualized dividend and a dividend yield of 3.37%. The ex-dividend date of this dividend is Tuesday, October 9th. This is a boost from UDR’s previous quarterly dividend of $0.32. UDR’s dividend payout ratio is presently 68.98%.

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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Analyst Recommendations for UDR (NYSE:UDR)

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