UDR (UDR) Receives Coverage Optimism Rating of 0.20
News headlines about UDR (NYSE:UDR) have trended somewhat positive recently, according to Accern. The research group identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. UDR earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned news stories about the real estate investment trust an impact score of 46.8109294171342 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news stories that may have effected Accern’s rankings:
- Dublin council pleases residents and risks litigation (pleasantonweekly.com)
- Nikki Sievwright: International model and unlikely UDR soldier (irishnews.com)
- A Few New Looks for Union Market Maurice Electric Redevelopment (dc.urbanturf.com)
- UDR to Post Q1 Earnings: What's in Store for the Stock? (finance.yahoo.com)
- UDR to Post Q1 Earnings: What’s in Store for the Stock? (zacks.com)
Shares of UDR stock traded up $0.06 during trading hours on Tuesday, reaching $35.18. The company had a trading volume of 1,039,059 shares, compared to its average volume of 1,614,560. The company has a debt-to-equity ratio of 1.32, a current ratio of 4.93 and a quick ratio of 4.93. The firm has a market capitalization of $9,425.82, a PE ratio of 18.81, a price-to-earnings-growth ratio of 3.26 and a beta of 0.36. UDR has a 12-month low of $32.88 and a 12-month high of $40.71.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Monday, April 9th will be given a $0.3225 dividend. The ex-dividend date is Friday, April 6th. This is a positive change from UDR’s previous quarterly dividend of $0.31. This represents a $1.29 dividend on an annualized basis and a dividend yield of 3.67%. UDR’s dividend payout ratio is 68.98%.
UDR has been the subject of a number of research analyst reports. Bank of America raised UDR from a “neutral” rating to a “buy” rating and set a $40.00 target price for the company in a report on Friday, March 9th. Robert W. Baird reissued a “buy” rating and set a $40.00 target price on shares of UDR in a report on Tuesday, January 9th. Mizuho set a $38.00 target price on UDR and gave the company a “buy” rating in a report on Friday, February 9th. TheStreet cut UDR from a “b-” rating to a “c” rating in a report on Tuesday, February 6th. Finally, SunTrust Banks set a $38.00 target price on UDR and gave the company a “hold” rating in a report on Monday, February 12th. Twelve equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. UDR has an average rating of “Hold” and a consensus price target of $38.85.
In related news, VP Warren L. Troupe sold 30,000 shares of the stock in a transaction that occurred on Friday, March 16th. The stock was sold at an average price of $35.91, for a total value of $1,077,300.00. Following the completion of the transaction, the vice president now directly owns 528,378 shares in the company, valued at $18,974,053.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Thomas W. Toomey sold 13,000 shares of the stock in a transaction that occurred on Wednesday, March 28th. The stock was sold at an average price of $35.50, for a total value of $461,500.00. Following the completion of the transaction, the chief executive officer now owns 1,149,390 shares of the company’s stock, valued at $40,803,345. The disclosure for this sale can be found here. Insiders sold 63,000 shares of company stock valued at $2,256,800 over the last 90 days. Company insiders own 3.16% of the company’s stock.
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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