UDR, Inc. (NYSE:UDR) Received Consensus “Moderate Buy” Recommendation From Brokerages

UDR, Inc. (NYSE:UDR – Get Rating) has earned a consensus “moderate buy” recommendation from the nineteen ratings companies that currently cover the stock, Marketbeat Ratings reports. Five equity research analysts rated the stock with a hold recommendation and nine gave the company a buy recommendation. The 1-year average target price among brokers who have hedged the stock over the past year is $55.44.
A number of equity research analysts have weighed in on the company recently. Scotiabank lowered its price target on UDR from $60.00 to $58.00 in a Thursday, May 19 research report. StockNews.com launched coverage on UDR in a report on Thursday, March 31. They issued a “hold” rating for the company. Barclays lowered its price target on the UDR from $63.00 to $56.00 in a Tuesday, May 10 report. Credit Suisse Group launched coverage on the UDR in a report on Wednesday, June 22. They issued an “outperform” rating and a price target of $50.00 for the company. Finally, Mizuho lowered its price target on the UDR from $60.00 to $48.00 and set a “buy” rating for the company in a Monday, June 27 report.
UDR price performance
Shares of UDR opened at $46.17 on Friday. UDR has a 1 year minimum of $42.00 and a 1 year maximum of $61.06. The stock’s 50-day moving average is $45.88 and its 200-day moving average is $52.52. The company has a market capitalization of $14.70 billion, a P/E ratio of 90.53, a PEG ratio of 2.20 and a beta of 0.75. The company has a debt ratio of 1.64, a current ratio of 0.30 and a quick ratio of 0.30.
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UDR (NYSE:UDR – Get Rating) last released quarterly earnings data on Tuesday, April 26. The real estate investment trust reported earnings per share of $0.04 for the quarter, missing analyst consensus estimates of $0.55 per ($0.51). UDR had a net margin of 11.93% and a return on equity of 4.79%. During the same period of the previous year, the company posted EPS of $0.47. Research analysts predict that UDR will post 2.3 earnings per share for the current fiscal year.
UDR announces dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, August 1. Investors of record on Monday, July 11 will receive a dividend of $0.38 per share. This represents an annualized dividend of $1.52 and a yield of 3.29%. The ex-date of this dividend is Friday, July 8. UDR’s dividend payout ratio is currently 298.05%.
Institutional entries and exits
Several institutional investors have recently bought and sold shares of UDR. CVA Family Office LLC bought a new position in UDR during the fourth quarter worth approximately $28,000. Dixon Hughes Goodman Wealth Advisors LLC increased its UDR position by 111.1% during the first quarter. Dixon Hughes Goodman Wealth Advisors LLC now owns 684 shares of the real estate investment trust worth $39,000 after acquiring 360 additional shares in the last quarter. Signaturefd LLC increased its position in UDR by 66.5% during the fourth quarter. Signaturefd LLC now owns 816 shares of the real estate investment trust worth $49,000 after acquiring 326 additional shares in the last quarter. Desjardins Global Asset Management Inc. acquired a new position in UDR during the fourth quarter worth approximately $58,000. Finally, National Bank of Canada FI purchased a new position in UDR during the fourth quarter worth approximately $60,000. 96.39% of the shares are currently held by hedge funds and other institutional investors.
UDR Company Profile
(Get a rating)
UDR, Inc (NYSE: UDR), an S&P 500 company, is a leading multi-family real estate investment trust with a proven track record of delivering superior and reliable returns by managing, buying, selling, developing and redeveloping successfully creating attractive real estate communities in targeted areas. WE
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