Evercore ISI upgraded shares of UDR (NYSE:UDR) from an underperform rating to an in-line rating in a research report report published on Monday, December 11th, MarketBeat reports.
UDR has been the topic of a number of other research reports. Robert W. Baird upgraded UDR from a neutral rating to an outperform rating and set a $41.00 price objective on the stock in a research note on Thursday, October 5th. UBS Group upgraded UDR from a neutral rating to a buy rating and raised their price objective for the stock from $39.00 to $43.00 in a research note on Friday, September 8th. SunTrust Banks lowered UDR from a buy rating to a hold rating and set a $41.00 price target on the stock. in a research note on Wednesday, November 29th. BMO Capital Markets set a $40.00 price target on UDR and gave the company a hold rating in a research note on Tuesday, October 31st. Finally, Mizuho reiterated a buy rating and issued a $43.00 price target on shares of UDR in a research note on Monday, November 6th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $40.38.
Shares of UDR (NYSE UDR) traded down $0.46 during midday trading on Monday, hitting $38.06. The stock had a trading volume of 1,290,626 shares, compared to its average volume of 1,177,700. The company has a market capitalization of $10,313.96, a price-to-earnings ratio of 35.91, a P/E/G ratio of 3.45 and a beta of 0.39. The company has a debt-to-equity ratio of 1.31, a quick ratio of 5.45 and a current ratio of 5.45. UDR has a one year low of $34.41 and a one year high of $40.71.
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 annualized dividend and a yield of 3.26%. The ex-dividend date is Tuesday, January 9th. UDR’s payout ratio is presently 116.98%.
In other UDR news, CEO Thomas W. Toomey sold 20,000 shares of UDR stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $39.20, for a total transaction of $784,000.00. Following the transaction, the chief executive officer now directly owns 1,127,925 shares of the company’s stock, valued at approximately $44,214,660. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.07% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. WESCAP Management Group Inc. lifted its holdings in UDR by 55.1% during the 3rd quarter. WESCAP Management Group Inc. now owns 10,949 shares of the real estate investment trust’s stock worth $416,000 after buying an additional 3,890 shares during the period. Norinchukin Bank The raised its position in shares of UDR by 7.3% in the 3rd quarter. Norinchukin Bank The now owns 19,915 shares of the real estate investment trust’s stock worth $757,000 after acquiring an additional 1,360 shares in the last quarter. ING Groep NV raised its position in shares of UDR by 69.1% in the 3rd quarter. ING Groep NV now owns 23,124 shares of the real estate investment trust’s stock worth $879,000 after acquiring an additional 9,448 shares in the last quarter. Quantitative Investment Management LLC raised its position in shares of UDR by 429.7% in the 2nd quarter. Quantitative Investment Management LLC now owns 151,500 shares of the real estate investment trust’s stock worth $5,903,000 after acquiring an additional 122,900 shares in the last quarter. Finally, Parametric Portfolio Associates LLC raised its position in shares of UDR by 10.4% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 356,028 shares of the real estate investment trust’s stock worth $13,540,000 after acquiring an additional 33,449 shares in the last quarter. 96.52% of the stock is currently owned by hedge funds and other institutional investors.
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.
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