UDR (NYSE:UDR) Upgraded to “B-” by TheStreet

TheStreet upgraded shares of UDR (NYSE:UDR) from a c rating to a b- rating in a research report report published on Tuesday, July 30th, TheStreetRatingsTable reports.

Other equities analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of UDR from a buy rating to a hold rating in a research report on Wednesday, May 15th. Barclays restated a hold rating and set a $46.00 price objective on shares of UDR in a research report on Tuesday, April 16th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $45.08.

UDR traded down $0.68 on Tuesday, reaching $47.50. The company had a trading volume of 1,485,227 shares, compared to its average volume of 1,732,543. The company has a fifty day moving average of $46.43 and a 200-day moving average of $45.34. The company has a market capitalization of $13.97 billion, a P/E ratio of 24.23, a PEG ratio of 3.55 and a beta of 0.47. The company has a current ratio of 6.43, a quick ratio of 6.43 and a debt-to-equity ratio of 1.32. UDR has a one year low of $37.87 and a one year high of $48.43.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 10th were given a dividend of $0.343 per share. The ex-dividend date of this dividend was Tuesday, July 9th. This represents a $1.37 annualized dividend and a dividend yield of 2.89%. UDR’s dividend payout ratio (DPR) is 69.90%.

In other UDR news, CFO Joseph D. Fisher sold 3,100 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $48.23, for a total value of $149,513.00. Following the completion of the transaction, the chief financial officer now directly owns 25,294 shares in the company, valued at $1,219,929.62. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Warren L. Troupe sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $46.61, for a total transaction of $233,050.00. Following the completion of the transaction, the vice president now owns 490,761 shares of the company’s stock, valued at $22,874,370.21. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,350 shares of company stock valued at $985,496. Insiders own 2.85% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in UDR. Norges Bank acquired a new position in shares of UDR in the fourth quarter worth about $106,065,000. BlackRock Inc. boosted its holdings in shares of UDR by 4.4% in the first quarter. BlackRock Inc. now owns 32,101,918 shares of the real estate investment trust’s stock worth $1,459,352,000 after buying an additional 1,364,241 shares during the period. Vanguard Group Inc. boosted its holdings in shares of UDR by 2.9% in the second quarter. Vanguard Group Inc. now owns 46,343,409 shares of the real estate investment trust’s stock worth $2,080,355,000 after buying an additional 1,285,702 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of UDR by 138.0% in the first quarter. Janus Henderson Group PLC now owns 1,725,007 shares of the real estate investment trust’s stock worth $78,413,000 after buying an additional 1,000,076 shares during the period. Finally, Balyasny Asset Management LLC boosted its holdings in shares of UDR by 488.8% in the second quarter. Balyasny Asset Management LLC now owns 1,126,306 shares of the real estate investment trust’s stock worth $50,560,000 after buying an additional 935,032 shares during the period. Institutional investors own 95.53% 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 properties in targeted U.S.

Featured Article: How does the Beige Book influence monetary policy?

Analyst Recommendations for UDR (NYSE:UDR)

Receive News & Ratings for UDR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UDR and related companies with MarketBeat.com's FREE daily email newsletter.