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.
A d Invest daily
27 US cities where stocks earn 26% a year
What is the most productive stock you have ever owned? Dividends from these stocks have grown so rapidly over the years that they now earn us an average of 26%! When you start getting paid 26% on your money, your financial troubles tend to evaporate.
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
Featured Articles
This instant news alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected].
Should you invest $1,000 in UDR right now?
Before you consider UDR, you’ll want to hear this.
MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and UDR wasn’t on the list.
Although UDR currently has a “moderate buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here