UDR, Inc. (NYSE:UDR) Given Average Rating of “Hold” by Brokerages

UDR, Inc. (NYSE:UDR) has been assigned a consensus recommendation of “Hold” from the seventeen research firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $46.35.

A number of equities research analysts recently weighed in on the stock. 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 began coverage on UDR in a report on Tuesday, December 17th. They issued an “overweight” rating and a $50.00 price target for the company. Mizuho reduced their price objective on UDR from $47.00 to $45.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. StockNews.com cut UDR from a “hold” rating to a “sell” rating in a report on Thursday, January 2nd. Finally, JPMorgan Chase & Co. raised their price target on UDR from $43.00 to $50.00 and gave the company an “overweight” rating in a research note on Monday, September 16th.

UDR Stock Up 2.3 %

NYSE:UDR opened at $41.00 on Thursday. The company has a market cap of $13.53 billion, a price-to-earnings ratio of 110.81, a price-to-earnings-growth ratio of 12.34 and a beta of 0.89. UDR has a twelve month low of $34.19 and a twelve month high of $47.55. The company has a current ratio of 5.91, a quick ratio of 5.91 and a debt-to-equity ratio of 1.69. The stock has a fifty day simple moving average of $43.92 and a 200-day simple moving average of $43.41.

UDR Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Thursday, January 9th will be given a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 4.15%. The ex-dividend date is Friday, January 10th. UDR’s dividend payout ratio is currently 459.46%.

Hedge Funds Weigh In On UDR

Several hedge funds have recently modified their holdings of UDR. International Assets Investment Management LLC lifted its stake in shares of UDR by 4,436.2% during the third quarter. International Assets Investment Management LLC now owns 44,228 shares of the real estate investment trust’s stock worth $2,005,000 after buying an additional 43,253 shares during the period. Los Angeles Capital Management LLC lifted its position in UDR by 1,665.3% during the 3rd quarter. Los Angeles Capital Management LLC now owns 369,448 shares of the real estate investment trust’s stock worth $16,751,000 after acquiring an additional 348,520 shares during the period. MQS Management LLC purchased a new stake in UDR during the 3rd quarter valued at about $712,000. JPMorgan Chase & Co. increased its holdings in shares of UDR by 5.0% in the third quarter. JPMorgan Chase & Co. now owns 7,774,541 shares of the real estate investment trust’s stock valued at $352,498,000 after purchasing an additional 368,087 shares during the period. Finally, Millennium Management LLC raised its stake in shares of UDR by 115.3% in the second quarter. Millennium Management LLC now owns 3,499,150 shares of the real estate investment trust’s stock worth $143,990,000 after purchasing an additional 1,874,096 shares during the last quarter. Institutional investors and hedge funds own 97.84% of the company’s stock.

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.