Robert W. Baird reiterated their buy rating on shares of UDR (NYSE:UDR) in a research report released on Tuesday. Robert W. Baird currently has a $40.00 target price on the real estate investment trust’s stock.

Several other equities analysts also recently weighed in on the company. Royal Bank of Canada raised their price objective on UDR from $39.00 to $40.00 and gave the company a sector perform rating in a research note on Wednesday, November 8th. Evercore ISI upgraded UDR from an underperform rating to an in-line rating in a report on Monday, December 11th. SunTrust Banks cut UDR from a buy rating to a hold rating and set a $41.00 target price on the stock. in a report on Wednesday, November 29th. BMO Capital Markets reiterated a hold rating and set a $41.00 target price on shares of UDR in a report on Monday, November 27th. Finally, Mizuho reiterated a buy rating and set a $43.00 target price on shares of UDR in a report on Monday, November 6th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $40.23.

UDR (UDR) traded down $0.33 during midday trading on Tuesday, reaching $36.08. The company had a trading volume of 1,477,700 shares, compared to its average volume of 1,447,850. UDR has a 12-month low of $34.41 and a 12-month high of $40.71. The stock has a market cap of $9,670.00, a P/E ratio of 116.39, a P/E/G ratio of 3.21 and a beta of 0.39. The company has a quick ratio of 5.45, a current ratio of 5.45 and a debt-to-equity ratio of 1.31.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 10th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date is Tuesday, January 9th. UDR’s dividend payout ratio (DPR) is presently 400.00%.

In other news, CEO Thomas W. Toomey sold 20,000 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $39.20, for a total transaction of $784,000.00. Following the sale, the chief executive officer now owns 1,127,925 shares in the company, valued at $44,214,660. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.07% of the stock is currently owned by corporate insiders.

Several hedge funds have recently bought and sold shares of the company. Norinchukin Bank The boosted its holdings in shares of UDR by 7.3% during the third quarter. Norinchukin Bank The now owns 19,915 shares of the real estate investment trust’s stock worth $757,000 after purchasing an additional 1,360 shares during the last quarter. WESCAP Management Group Inc. boosted its holdings in shares of UDR by 55.1% during the third quarter. WESCAP Management Group Inc. now owns 10,949 shares of the real estate investment trust’s stock worth $416,000 after purchasing an additional 3,890 shares during the last quarter. ING Groep NV boosted its holdings in shares of UDR by 69.1% during the third quarter. ING Groep NV now owns 23,124 shares of the real estate investment trust’s stock worth $879,000 after purchasing an additional 9,448 shares during the last quarter. Parametric Portfolio Associates LLC boosted its holdings in shares of UDR by 10.4% during the third quarter. Parametric Portfolio Associates LLC now owns 356,028 shares of the real estate investment trust’s stock worth $13,540,000 after purchasing an additional 33,449 shares during the last quarter. Finally, Quantitative Investment Management LLC boosted its holdings in shares of UDR by 429.7% during the second quarter. Quantitative Investment Management LLC now owns 151,500 shares of the real estate investment trust’s stock worth $5,903,000 after purchasing an additional 122,900 shares during the last quarter. Institutional investors and hedge funds own 96.52% of the company’s stock.

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UDR Company Profile

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.

Analyst Recommendations for UDR (NYSE:UDR)

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