UDR, Inc. (NYSE:UDR) Receives Average Recommendation of “Hold” from Analysts
Shares of UDR, Inc. (NYSE:UDR) have received a consensus rating of “Hold” from the thirteen ratings firms that are covering the firm, MarketBeat.com reports. Nine research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $50.50.
A number of brokerages have issued reports on UDR. ValuEngine lowered shares of UDR from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Goldman Sachs Group began coverage on shares of UDR in a research report on Friday, November 8th. They set a “neutral” rating and a $53.00 target price on the stock. Mizuho lowered shares of UDR from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $52.00 to $50.00 in a research report on Thursday, November 7th. Barclays set a $52.00 target price on shares of UDR and gave the stock a “hold” rating in a research report on Friday, October 11th. Finally, Citigroup upgraded shares of UDR from a “neutral” rating to a “buy” rating and increased their target price for the stock from $49.00 to $54.00 in a research report on Thursday, December 12th.
In other news, COO Jerry A. Davis sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $46.72, for a total transaction of $467,200.00. Following the completion of the sale, the chief operating officer now owns 173,065 shares of the company’s stock, valued at approximately $8,085,596.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.85% of the company’s stock.
UDR traded up $0.30 on Friday, reaching $46.73. The company had a trading volume of 701,754 shares, compared to its average volume of 1,556,007. UDR has a fifty-two week low of $40.19 and a fifty-two week high of $50.61. The stock has a market cap of $13.50 billion, a P/E ratio of 23.84, a P/E/G ratio of 3.70 and a beta of 0.37. The company’s fifty day moving average is $46.70 and its 200 day moving average is $47.39. The company has a debt-to-equity ratio of 1.22, a quick ratio of 5.99 and a current ratio of 5.99.
UDR (NYSE:UDR) last announced its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.09 EPS for the quarter, missing the Zacks’ consensus estimate of $0.52 by ($0.43). UDR had a net margin of 15.20% and a return on equity of 5.51%. The company had revenue of $295.40 million during the quarter, compared to analyst estimates of $285.45 million. During the same quarter last year, the company posted $0.07 EPS. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. On average, sell-side analysts expect that UDR will post 2.08 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 10th will be given a dividend of $0.3425 per share. The ex-dividend date of this dividend is Thursday, January 9th. This represents a $1.37 dividend on an annualized basis and a dividend yield of 2.93%. UDR’s payout ratio is presently 69.90%.
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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