UDR (NYSE:UDR) Downgraded by ValuEngine to Hold

ValuEngine downgraded shares of UDR (NYSE:UDR) from a buy rating to a hold rating in a research note issued to investors on Tuesday morning, ValuEngine reports.

Other analysts have also recently issued research reports about the stock. Barclays restated a hold rating and issued a $46.00 target price on shares of UDR in a research note on Tuesday, April 16th. Zacks Investment Research cut shares of UDR from a buy rating to a hold rating in a research note on Wednesday, May 15th. Finally, TheStreet upgraded shares of UDR from a c rating to a b- rating in a research note on Tuesday, July 30th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $44.20.

UDR stock opened at $46.73 on Tuesday. UDR has a one year low of $37.87 and a one year high of $47.39. The firm has a market cap of $13.21 billion, a PE ratio of 23.84, a PEG ratio of 3.81 and a beta of 0.47. The company has a debt-to-equity ratio of 1.32, a current ratio of 6.43 and a quick ratio of 6.43. The stock has a fifty day moving average price of $45.91.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Wednesday, July 10th were paid a $0.343 dividend. This represents a $1.37 annualized dividend and a dividend yield of 2.94%. The ex-dividend date was Tuesday, July 9th. UDR’s dividend payout ratio (DPR) is 69.90%.

In related news, CFO Joseph D. Fisher sold 3,250 shares of the firm’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $46.41, for a total value of $150,832.50. Following the completion of the sale, the chief financial officer now owns 28,394 shares in the company, valued at $1,317,765.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Warren L. Troupe sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $46.61, for a total transaction of $233,050.00. Following the completion of the sale, the vice president now owns 490,761 shares of the company’s stock, valued at approximately $22,874,370.21. The disclosure for this sale can be found here. Insiders sold 18,250 shares of company stock valued at $835,983 in the last quarter. Company insiders own 2.85% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. raised its position in UDR by 4.4% during the first quarter. BlackRock Inc. now owns 32,101,918 shares of the real estate investment trust’s stock worth $1,459,352,000 after acquiring an additional 1,364,241 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of UDR by 138.0% during the first quarter. Janus Henderson Group PLC now owns 1,725,007 shares of the real estate investment trust’s stock worth $78,413,000 after buying an additional 1,000,076 shares in the last quarter. Hexavest Inc. purchased a new stake in shares of UDR during the first quarter worth about $37,253,000. Geode Capital Management LLC grew its holdings in shares of UDR by 11.2% during the fourth quarter. Geode Capital Management LLC now owns 4,572,291 shares of the real estate investment trust’s stock worth $180,909,000 after buying an additional 458,784 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of UDR by 94.7% during the second quarter. JPMorgan Chase & Co. now owns 816,910 shares of the real estate investment trust’s stock worth $36,418,000 after buying an additional 397,438 shares in the last quarter. Hedge funds and other institutional investors own 97.69% of the company’s stock.

About UDR

UDR, Inc (NYSE: UDR), an S&P 500 company, is a leading multifamily real estate investment trust with a demonstrated performance history of delivering superior and dependable returns by successfully managing, buying, selling, developing and redeveloping attractive real estate properties in targeted U.S.

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Analyst Recommendations for UDR (NYSE:UDR)

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