Scotiabank Lowers UDR (NYSE:UDR) Price Target to $48.00

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

Other research analysts have also issued reports about the company. Piper Sandler boosted their price target on UDR from $40.00 to $46.00 and gave the stock a “neutral” rating in a research report on Monday, August 26th. UBS Group increased their price target on shares of UDR from $48.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday, September 12th. Wedbush lifted their price objective on shares of UDR from $45.00 to $49.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Evercore ISI increased their target price on shares of UDR from $42.00 to $43.00 and gave the company an “in-line” rating in a research report on Monday, September 9th. 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. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $45.18.

UDR Price Performance

Shares of UDR opened at $44.31 on Thursday. The company has a debt-to-equity ratio of 1.69, a quick ratio of 5.91 and a current ratio of 5.91. The company has a 50 day moving average price of $44.63 and a 200-day moving average price of $42.07. UDR has a fifty-two week low of $32.37 and a fifty-two week high of $47.55. The stock has a market capitalization of $14.62 billion, a PE ratio of 119.76, a PEG ratio of 12.55 and a beta of 0.85.

UDR Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th were paid a $0.425 dividend. The ex-dividend date was Thursday, October 10th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.84%. UDR’s payout ratio is 459.46%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of UDR. Family Firm Inc. purchased a new position in shares of UDR during the 2nd quarter valued at approximately $26,000. Activest Wealth Management acquired a new stake in UDR during the third quarter valued at $27,000. UMB Bank n.a. purchased a new position in UDR in the second quarter valued at $33,000. Brooklyn Investment Group purchased a new stake in shares of UDR during the 3rd quarter worth about $33,000. Finally, Rothschild Investment LLC acquired a new stake in shares of UDR during the 2nd quarter valued at about $35,000. 97.84% of the stock is currently owned by hedge funds and other institutional investors.

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.