UDR (NYSE:UDR) Coverage Initiated by Analysts at Barclays

Barclays started coverage on shares of UDR (NYSE:UDR) in a research note issued to investors on Tuesday morning, MarketBeat reports. The brokerage issued an overweight rating and a $50.00 price target on the real estate investment trust’s stock.

A number of other research analysts also recently commented on the company. UBS Group boosted their target price on UDR from $48.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, September 12th. StockNews.com upgraded UDR from a “sell” rating to a “hold” rating in a report on Thursday, December 12th. Scotiabank reduced their target price on shares of UDR from $49.00 to $48.00 and set a “sector perform” rating for the company in a research note on Thursday, November 14th. JPMorgan Chase & Co. boosted their target price on shares of UDR from $43.00 to $50.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. Finally, Royal Bank of Canada cut their price target on shares of UDR from $46.00 to $45.00 and set a “sector perform” rating on the stock in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $46.00.

UDR Trading Down 1.2 %

Shares of NYSE UDR opened at $42.42 on Tuesday. The company has a current ratio of 5.91, a quick ratio of 5.91 and a debt-to-equity ratio of 1.69. UDR has a one year low of $34.19 and a one year high of $47.55. The business has a 50-day moving average price of $44.34 and a two-hundred day moving average price of $43.08. The firm has a market capitalization of $14.00 billion, a PE ratio of 114.65, a PEG ratio of 12.34 and a beta of 0.87.

UDR Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, January 9th will be paid a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 4.01%. UDR’s dividend payout ratio (DPR) is currently 459.46%.

Institutional Investors Weigh In On UDR

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Family Firm Inc. bought a new position in UDR in the second quarter valued at approximately $26,000. Activest Wealth Management bought a new stake in UDR during the 3rd quarter worth approximately $27,000. UMB Bank n.a. bought a new stake in UDR in the 2nd quarter valued at $33,000. Brooklyn Investment Group bought a new stake in shares of UDR in the third quarter valued at about $33,000. Finally, Rothschild Investment LLC acquired a new position in UDR during the 2nd quarter worth approximately $35,000. Institutional investors own 97.84% 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 communities in targeted U.S.