BMO Capital Markets set a $40.00 price target on UDR, Inc. (NYSE:UDR) in a research note issued to investors on Tuesday morning. The firm currently has a hold rating on the real estate investment trust’s stock.
UDR has been the subject of a number of other reports. Cantor Fitzgerald reaffirmed a buy rating and set a $42.00 target price on shares of UDR in a research report on Wednesday, September 13th. Robert W. Baird raised UDR from a neutral rating to an outperform rating and set a $41.00 target price for the company in a research report on Thursday, October 5th. Zacks Investment Research raised UDR from a hold rating to a buy rating and set a $42.00 target price for the company in a research report on Thursday, July 13th. UBS Group AG (USA) raised UDR from a neutral rating to a buy rating and lifted their target price for the company from $39.00 to $43.00 in a research report on Friday, September 8th. Finally, BidaskClub lowered UDR from a buy rating to a hold rating in a research report on Friday, July 28th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $39.75.
Shares of UDR (UDR) opened at $38.47 on Tuesday. The company has a debt-to-equity ratio of 1.31, a current ratio of 5.45 and a quick ratio of 6.29. UDR has a 12-month low of $32.85 and a 12-month high of $40.71. The stock has a market cap of $10.30 billion, a P/E ratio of 20.61, a price-to-earnings-growth ratio of 3.28 and a beta of 0.40.
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The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Tuesday, October 10th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 3.22%. The ex-dividend date was Friday, October 6th. UDR’s dividend payout ratio is currently 400.00%.
In other UDR news, VP Warren L. Troupe sold 30,000 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $37.93, for a total transaction of $1,137,900.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Jon A. Grove sold 7,500 shares of the business’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $37.74, for a total value of $283,050.00. Following the sale, the director now owns 452,808 shares in the company, valued at approximately $17,088,973.92. The disclosure for this sale can be found here. In the last quarter, insiders have sold 67,500 shares of company stock worth $2,586,750. Company insiders own 3.07% of the company’s stock.
Institutional investors have recently bought and sold shares of the business. Paloma Partners Management Co grew its stake in UDR by 3.8% during the 1st quarter. Paloma Partners Management Co now owns 10,400 shares of the real estate investment trust’s stock valued at $377,000 after purchasing an additional 379 shares during the last quarter. UBS Group AG grew its stake in UDR by 47.7% during the 1st quarter. UBS Group AG now owns 29,567 shares of the real estate investment trust’s stock valued at $1,072,000 after purchasing an additional 9,544 shares during the last quarter. Gotham Asset Management LLC purchased a new stake in shares of UDR in the first quarter worth about $1,126,000. Skandinaviska Enskilda Banken AB publ boosted its stake in shares of UDR by 12.1% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 39,938 shares of the real estate investment trust’s stock worth $1,448,000 after buying an additional 4,300 shares during the last quarter. Finally, Bank of Nova Scotia boosted its stake in shares of UDR by 938.2% in the first quarter. Bank of Nova Scotia now owns 61,148 shares of the real estate investment trust’s stock worth $2,217,000 after buying an additional 55,258 shares during the last quarter. Institutional investors and hedge funds own 97.25% of the company’s stock.
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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