UDR, Inc. to Issue Quarterly Dividend of $0.43 (NYSE:UDR)

UDR, Inc. (NYSE:UDR) announced a quarterly dividend on Thursday, December 19th,RTT News reports. Investors of record on Thursday, January 9th will be given a dividend of 0.425 per share by the real estate investment trust on Friday, January 31st. This represents a $1.70 annualized dividend and a yield of 4.14%. The ex-dividend date is Friday, January 10th.

UDR has raised its dividend by an average of 5.4% per year over the last three years and has increased its dividend annually for the last 14 consecutive years. UDR has a dividend payout ratio of 283.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect UDR to earn $2.53 per share next year, which means the company should continue to be able to cover its $1.70 annual dividend with an expected future payout ratio of 67.2%.

UDR Trading Down 1.0 %

Shares of UDR stock opened at $41.09 on Wednesday. The stock has a 50-day simple moving average of $44.03 and a 200 day simple moving average of $43.41. The stock has a market capitalization of $13.56 billion, a P/E ratio of 111.06, a P/E/G ratio of 12.34 and a beta of 0.89. The company has a quick ratio of 5.91, a current ratio of 5.91 and a debt-to-equity ratio of 1.69. UDR has a fifty-two week low of $34.19 and a fifty-two week high of $47.55.

Wall Street Analyst Weigh In

Several research analysts have issued reports on UDR shares. Royal Bank of Canada dropped their price target on UDR from $46.00 to $45.00 and set a “sector perform” rating on the stock in a report on Tuesday, November 5th. Mizuho cut their target price on UDR from $47.00 to $45.00 and set a “neutral” rating on the stock in a research report on Monday. BNP Paribas initiated coverage on UDR in a research report on Wednesday, September 11th. They issued an “outperform” rating and a $49.00 price target for the company. UBS Group boosted their price objective on UDR from $48.00 to $52.00 and gave the stock a “buy” rating in a report on Thursday, September 12th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of UDR from $40.00 to $44.00 and gave the stock a “hold” rating in a report on Tuesday, September 10th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, UDR has an average rating of “Hold” and an average price target of $46.35.

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.