Analysts Set UDR, Inc. (UDR) Price Target at $44.20

UDR, Inc. (NYSE:UDR) has received a consensus recommendation of “Hold” from the sixteen brokerages that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $44.20.

Several research analysts recently commented on the company. Barclays reiterated a “hold” rating and issued a $46.00 price target on shares of UDR in a research note on Tuesday, April 16th. BMO Capital Markets restated a “hold” rating and set a $49.00 price objective on shares of UDR in a research note on Monday, March 25th. Goldman Sachs Group cut UDR from a “neutral” rating to a “sell” rating and cut their price objective for the company from $43.00 to $39.00 in a research note on Monday, March 11th. Zacks Investment Research cut UDR from a “hold” rating to a “sell” rating in a research note on Wednesday, February 13th. Finally, TheStreet cut UDR from a “b” rating to a “c” rating in a research note on Tuesday, April 30th.

In other news, VP Warren L. Troupe sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $44.66, for a total transaction of $2,233,000.00. Following the completion of the transaction, the vice president now directly owns 495,761 shares of the company’s stock, valued at $22,140,686.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lynne B. Sagalyn sold 4,289 shares of the company’s stock in a transaction that occurred on Friday, February 22nd. The shares were sold at an average price of $44.97, for a total value of $192,876.33. Following the transaction, the director now directly owns 81,852 shares of the company’s stock, valued at $3,680,884.44. The disclosure for this sale can be found here. Insiders have sold 124,289 shares of company stock worth $5,586,476 in the last 90 days. 2.85% of the stock is currently owned by insiders.

Several large investors have recently bought and sold shares of UDR. Cornerstone Advisors Inc. grew its holdings in UDR by 66.8% in the 1st quarter. Cornerstone Advisors Inc. now owns 577 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 231 shares in the last quarter. Capital Investment Advisory Services LLC bought a new position in UDR in the 4th quarter worth approximately $55,000. Pearl River Capital LLC bought a new position in UDR in the 4th quarter worth approximately $87,000. First Quadrant L P CA bought a new position in UDR in the 4th quarter worth approximately $91,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in UDR in the 1st quarter worth approximately $131,000. 97.89% of the stock is owned by institutional investors.

NYSE:UDR opened at $43.55 on Friday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 6.64 and a current ratio of 6.64. UDR has a one year low of $34.48 and a one year high of $45.92. The stock has a market capitalization of $12.50 billion, a P/E ratio of 22.22, a price-to-earnings-growth ratio of 3.86 and a beta of 0.54.

UDR (NYSE:UDR) last released its quarterly earnings results on Tuesday, April 30th. The real estate investment trust reported $0.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.42). UDR had a return on equity of 5.38% and a net margin of 13.70%. The business had revenue of $270.67 million during the quarter, compared to analyst estimates of $267.41 million. During the same quarter last year, the firm posted $0.30 EPS. The company’s revenue was up 6.9% compared to the same quarter last year. As a group, equities research analysts predict that UDR will post 2.06 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 9th were paid a dividend of $0.3425 per share. The ex-dividend date was Monday, April 8th. This represents a $1.37 annualized dividend and a yield of 3.15%. This is a boost from UDR’s previous quarterly dividend of $0.32. UDR’s dividend payout ratio is presently 69.90%.

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 properties in targeted U.S.

Read More: How a Strangle Strategy is different from a Straddle Strategy

Analyst Recommendations for UDR (NYSE:UDR)

Receive News & Ratings for UDR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UDR and related companies with MarketBeat.com's FREE daily email newsletter.