UDR (UDR) Downgraded by TheStreet to C

TheStreet cut shares of UDR (NYSE:UDR) from a b- rating to a c rating in a report published on Tuesday.

Other equities analysts also recently issued research reports about the stock. Robert W. Baird reiterated a buy rating and issued a $40.00 price target on shares of UDR in a report on Tuesday, January 9th. Mizuho reiterated a buy rating and issued a $43.00 price target on shares of UDR in a report on Monday, November 6th. Zacks Investment Research raised shares of UDR from a sell rating to a hold rating in a research note on Wednesday, January 31st. SunTrust Banks set a $39.00 price objective on shares of UDR and gave the stock a hold rating in a research note on Monday, January 22nd. Finally, Stifel Nicolaus reaffirmed a hold rating and set a $38.00 price objective on shares of UDR in a research note on Friday, January 19th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the stock. UDR has an average rating of Hold and a consensus price target of $39.85.

Shares of UDR (NYSE UDR) traded down $0.13 during trading hours on Tuesday, reaching $33.67. 304,347 shares of the company traded hands, compared to its average volume of 1,559,933. UDR has a one year low of $33.31 and a one year high of $40.71. The company has a current ratio of 5.45, a quick ratio of 5.45 and a debt-to-equity ratio of 1.31. The firm has a market cap of $9,186.71, a P/E ratio of 78.21, a PEG ratio of 2.93 and a beta of 0.33.

UDR (NYSE:UDR) last issued its quarterly earnings results on Tuesday, February 6th. The real estate investment trust reported $0.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.39. UDR had a net margin of 12.21% and a return on equity of 4.49%. The company had revenue of $250.12 million for the quarter, compared to the consensus estimate of $250.37 million. During the same quarter in the prior year, the company earned $0.46 EPS. UDR’s quarterly revenue was up 4.2% on a year-over-year basis. research analysts anticipate that UDR will post 1.95 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 10th were given a dividend of $0.31 per share. The ex-dividend date was Tuesday, January 9th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.68%. UDR’s dividend payout ratio (DPR) is 288.37%.

In other news, CEO Thomas W. Toomey sold 20,000 shares of the stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $39.20, for a total transaction of $784,000.00. Following the transaction, the chief executive officer now owns 1,127,925 shares in the company, valued at approximately $44,214,660. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.07% of the company’s stock.

Several large investors have recently made changes to their positions in UDR. Fox Run Management L.L.C. lifted its position in shares of UDR by 51.8% during the 4th quarter. Fox Run Management L.L.C. now owns 8,500 shares of the real estate investment trust’s stock valued at $327,000 after buying an additional 2,900 shares in the last quarter. WESCAP Management Group Inc. lifted its position in shares of UDR by 55.1% during the 3rd quarter. WESCAP Management Group Inc. now owns 10,949 shares of the real estate investment trust’s stock valued at $416,000 after buying an additional 3,890 shares in the last quarter. Exane Derivatives purchased a new position in shares of UDR during the 4th quarter valued at approximately $432,000. Dean Capital Investments Management LLC purchased a new position in shares of UDR during the 4th quarter valued at approximately $478,000. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH purchased a new position in shares of UDR during the 4th quarter valued at approximately $498,000. Hedge funds and other institutional investors own 96.75% of the company’s stock.

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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.

Analyst Recommendations for UDR (NYSE:UDR)

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