UDR (NYSE:UDR) Cut to Sell at StockNews.com

StockNews.com downgraded shares of UDR (NYSE:UDR) from a hold rating to a sell rating in a research report released on Thursday.

A number of other research firms have also weighed in on UDR. The Goldman Sachs Group started coverage on UDR in a research note on Wednesday, September 4th. They set a “sell” rating and a $42.00 price objective on the stock. UBS Group boosted 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. Barclays began coverage on shares of UDR in a research report on Tuesday, December 17th. They set an “overweight” rating and a $50.00 price objective for the company. Deutsche Bank Aktiengesellschaft increased their price target on shares of UDR from $40.00 to $44.00 and gave the company a “hold” rating in a research note on Tuesday, September 10th. Finally, Jefferies Financial Group lowered shares of UDR from a “buy” rating to a “hold” rating and reduced their price target for the company from $50.00 to $45.00 in a research report on Thursday. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, UDR presently has a consensus rating of “Hold” and a consensus price target of $45.94.

UDR Trading Up 1.3 %

UDR opened at $43.08 on Thursday. The firm has a market capitalization of $14.21 billion, a price-to-earnings ratio of 116.44, a price-to-earnings-growth ratio of 12.34 and a beta of 0.87. The company’s 50 day simple moving average is $44.13 and its two-hundred day simple moving average is $43.36. UDR has a 1-year low of $34.19 and a 1-year high of $47.55. The company has a debt-to-equity ratio of 1.69, a current ratio of 5.91 and a quick ratio of 5.91.

UDR Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 10th will be issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date is Friday, January 10th. UDR’s dividend payout ratio (DPR) is currently 459.46%.

Institutional Investors Weigh In On UDR

Hedge funds have recently added to or reduced their stakes in the business. Activest Wealth Management acquired a new position in UDR during the 3rd quarter worth approximately $27,000. Brooklyn Investment Group purchased a new stake in shares of UDR during the 3rd quarter worth $33,000. Rothschild Investment LLC acquired a new position in shares of UDR during the second quarter worth $35,000. Quest Partners LLC purchased a new position in UDR in the second quarter valued at $37,000. Finally, International Assets Investment Management LLC acquired a new stake in UDR in the second quarter valued at $40,000. 97.84% of the stock is currently owned by institutional investors and hedge funds.

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.