SunTrust Banks set a $38.00 target price on UDR (NYSE:UDR) in a research note published on Monday morning. The firm currently has a hold rating on the real estate investment trust’s stock.

Other equities analysts have also recently issued reports about the stock. Robert W. Baird reiterated a buy rating and set a $40.00 price objective on shares of UDR in a research report on Tuesday, January 9th. Mizuho reiterated a buy rating and set a $43.00 price objective on shares of UDR in a research report on Monday, November 6th. TheStreet cut shares of UDR from a b- rating to a c rating in a research report on Tuesday, February 6th. Zacks Investment Research upgraded shares of UDR from a sell rating to a hold rating in a research report on Wednesday, January 31st. Finally, Stifel Nicolaus reiterated a hold rating and set a $38.00 price objective on shares of UDR in a research report on Friday, January 19th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $39.38.

UDR (NYSE:UDR) opened at $33.73 on Monday. UDR has a 52-week low of $32.88 and a 52-week high of $40.71. The company has a debt-to-equity ratio of 1.32, a quick ratio of 5.45 and a current ratio of 4.93. The firm has a market cap of $9,049.71, a P/E ratio of 78.44, a price-to-earnings-growth ratio of 2.89 and a beta of 0.33.

UDR (NYSE:UDR) last posted its quarterly earnings data on Tuesday, February 6th. The real estate investment trust reported $0.48 earnings per share for the quarter, hitting the consensus estimate of $0.48. UDR had a net margin of 12.21% and a return on equity of 4.53%. The firm had revenue of $250.12 million for the quarter, compared to analysts’ expectations of $250.37 million. During the same period in the previous year, the company posted $0.46 EPS. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. equities analysts anticipate that UDR will post 1.95 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 10th were paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date of this dividend was Tuesday, January 9th. UDR’s dividend payout ratio (DPR) is currently 288.37%.

In other UDR news, CEO Thomas W. Toomey sold 20,000 shares of UDR stock in a transaction on Friday, December 15th. The shares were sold at an average price of $39.20, for a total transaction of $784,000.00. Following the completion of the sale, the chief executive officer now 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 is available at this link. Company insiders own 3.07% of the company’s stock.

Several large investors have recently modified their holdings of the business. Norinchukin Bank The boosted its stake in shares of UDR by 7.3% during the 3rd quarter. Norinchukin Bank The now owns 19,915 shares of the real estate investment trust’s stock valued at $757,000 after buying an additional 1,360 shares during the period. Public Employees Retirement Association of Colorado boosted its stake in shares of UDR by 3.2% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 53,940 shares of the real estate investment trust’s stock valued at $2,078,000 after buying an additional 1,690 shares during the period. California Public Employees Retirement System lifted its stake in shares of UDR by 0.3% in the 4th quarter. California Public Employees Retirement System now owns 653,942 shares of the real estate investment trust’s stock valued at $25,190,000 after purchasing an additional 2,012 shares during the last quarter. ING Groep NV lifted its stake in shares of UDR by 10.0% in the 4th quarter. ING Groep NV now owns 25,441 shares of the real estate investment trust’s stock valued at $980,000 after purchasing an additional 2,317 shares during the last quarter. Finally, LMR Partners LLP lifted its stake in shares of UDR by 18.8% in the 4th quarter. LMR Partners LLP now owns 14,730 shares of the real estate investment trust’s stock valued at $567,000 after purchasing an additional 2,329 shares during the last quarter. 96.73% of the stock is owned by institutional investors.

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UDR Company Profile

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.

Analyst Recommendations for UDR (NYSE:UDR)

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