Scotiabank Issues Positive Forecast for UDR (NYSE:UDR) Stock Price

UDR (NYSE:UDR) had its price target raised by Scotiabank from $48.00 to $49.00 in a research report sent to investors on Friday,Benzinga reports. Scotiabank currently has a sector perform rating on the real estate investment trust’s stock.

UDR has been the subject of a number of other reports. Jefferies Financial Group cut shares of UDR from a “buy” rating to a “hold” rating and dropped their target price for the company from $50.00 to $45.00 in a report on Thursday, January 2nd. Wells Fargo & Company dropped their price objective on shares of UDR from $48.00 to $45.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Zelman & Associates reissued a “neutral” rating on shares of UDR in a research note on Thursday. Evercore ISI raised their price objective on shares of UDR from $43.00 to $45.00 and gave the stock an “in-line” rating in a research note on Monday, February 10th. Finally, Barclays dropped their price objective on shares of UDR from $50.00 to $48.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, UDR presently has an average rating of “Hold” and a consensus price target of $46.18.

UDR Trading Down 0.5 %

Shares of UDR stock opened at $42.93 on Friday. UDR has a 12-month low of $34.76 and a 12-month high of $47.55. The company has a current ratio of 1.32, a quick ratio of 5.91 and a debt-to-equity ratio of 1.71. The stock has a market cap of $14.17 billion, a PE ratio of 171.73, a price-to-earnings-growth ratio of 11.72 and a beta of 0.88. The company has a 50-day moving average of $42.48 and a two-hundred day moving average of $43.47.

UDR (NYSE:UDR) last issued its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.53. UDR had a net margin of 5.36% and a return on equity of 2.65%. On average, research analysts anticipate that UDR will post 2.51 EPS for the current fiscal year.

UDR Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 9th were issued a $0.425 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.96%. UDR’s dividend payout ratio (DPR) is presently 680.00%.

Hedge Funds Weigh In On UDR

Hedge funds have recently made changes to their positions in the stock. International Assets Investment Management LLC boosted its holdings in shares of UDR by 4,436.2% in the 3rd quarter. International Assets Investment Management LLC now owns 44,228 shares of the real estate investment trust’s stock valued at $2,005,000 after purchasing an additional 43,253 shares during the last quarter. Los Angeles Capital Management LLC boosted its holdings in shares of UDR by 1,665.3% in the 3rd quarter. Los Angeles Capital Management LLC now owns 369,448 shares of the real estate investment trust’s stock valued at $16,751,000 after purchasing an additional 348,520 shares during the last quarter. MQS Management LLC acquired a new position in shares of UDR in the 3rd quarter valued at $712,000. JPMorgan Chase & Co. boosted its holdings in shares of UDR by 5.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,774,541 shares of the real estate investment trust’s stock valued at $352,498,000 after purchasing an additional 368,087 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of UDR by 7.0% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 95,344 shares of the real estate investment trust’s stock valued at $4,139,000 after purchasing an additional 6,217 shares during the last quarter. Institutional investors and hedge funds own 97.84% of the company’s stock.

UDR Company Profile

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.