UDR has been the topic of several other research reports. Zacks Investment Research downgraded UDR from a hold rating to a sell rating in a report on Saturday, January 6th. Royal Bank of Canada lifted their price objective on UDR from $39.00 to $40.00 and gave the stock a sector perform rating in a report on Wednesday, November 8th. SunTrust Banks set a $39.00 price objective on UDR and gave the stock a hold rating in a report on Monday, January 22nd. BMO Capital Markets set a $40.00 price objective on UDR and gave the stock a hold rating in a report on Tuesday, October 31st. Finally, Evercore ISI upgraded UDR from an underperform rating to an in-line rating in a report on Monday, December 11th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $39.46.
UDR (NYSE UDR) opened at $33.79 on Friday. The company has a market capitalization of $8,816.70, a PE ratio of 78.58, a PEG ratio of 2.82 and a beta of 0.33. The company has a quick ratio of 5.45, a current ratio of 4.93 and a debt-to-equity ratio of 1.32. UDR has a twelve month low of $32.88 and a twelve month high of $40.71.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Wednesday, January 10th were paid a $0.31 dividend. The ex-dividend date was Tuesday, January 9th. This represents a $1.24 annualized dividend and a dividend yield of 3.67%. UDR’s payout ratio is presently 288.37%.
In related news, CEO Thomas W. Toomey sold 20,000 shares of the firm’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $39.20, for a total value of $784,000.00. Following the sale, the chief executive officer now directly owns 1,127,925 shares of the company’s stock, valued at $44,214,660. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.07% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Fox Run Management L.L.C. grew its stake in shares of UDR by 51.8% in the fourth quarter. Fox Run Management L.L.C. now owns 8,500 shares of the real estate investment trust’s stock worth $327,000 after purchasing an additional 2,900 shares during the last quarter. WESCAP Management Group Inc. grew its stake in shares of UDR by 55.1% in the third quarter. WESCAP Management Group Inc. now owns 10,949 shares of the real estate investment trust’s stock worth $416,000 after purchasing an additional 3,890 shares during the last quarter. Exane Derivatives bought a new stake in shares of UDR in the fourth quarter worth about $432,000. Dean Capital Investments Management LLC bought a new stake in shares of UDR in the fourth quarter worth about $478,000. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new stake in shares of UDR in the fourth quarter worth about $498,000. 96.75% of the stock is currently owned by institutional investors.
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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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