UDR (UDR) Earning Somewhat Favorable News Coverage, Study Shows

Headlines about UDR (NYSE:UDR) have been trending somewhat positive on Thursday, Accern Sentiment reports. The research firm identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. UDR earned a daily sentiment score of 0.04 on Accern’s scale. Accern also gave press coverage about the real estate investment trust an impact score of 46.1793308158235 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Here are some of the news stories that may have effected Accern’s rankings:

A number of equities analysts have issued reports on the company. BMO Capital Markets restated a “hold” rating and set a $41.00 target price on shares of UDR in a report on Monday, November 27th. SunTrust Banks cut UDR from a “buy” rating to a “hold” rating and set a $41.00 price objective on the stock. in a report on Wednesday, November 29th. UBS Group upgraded UDR from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $39.00 to $43.00 in a report on Friday, September 8th. Royal Bank of Canada lifted their price objective on UDR from $39.00 to $40.00 and gave the company a “sector perform” rating in a report on Wednesday, November 8th. Finally, Evercore ISI upgraded UDR from an “underperform” rating to an “in-line” rating in a report on Monday, December 11th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $40.38.

UDR (UDR) traded up $0.03 during trading hours on Thursday, hitting $38.36. The stock had a trading volume of 826,400 shares, compared to its average volume of 1,373,664. UDR has a fifty-two week low of $34.41 and a fifty-two week high of $40.71. The company has a debt-to-equity ratio of 1.31, a current ratio of 5.45 and a quick ratio of 5.45. The company has a market cap of $10,220.00, a PE ratio of 123.74, a PEG ratio of 3.42 and a beta of 0.39.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders 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 dividend yield of 3.23%. The ex-dividend date is Tuesday, January 9th. UDR’s dividend payout ratio (DPR) is presently 400.00%.

In related news, VP Warren L. Troupe sold 30,000 shares of UDR stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $37.93, for a total value of $1,137,900.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Thomas W. Toomey sold 20,000 shares of UDR stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $39.20, for a total value of $784,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,127,925 shares in the company, valued at approximately $44,214,660. The disclosure for this sale can be found here. 3.07% of the stock is currently owned by company insiders.

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About UDR

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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