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

UDR, Inc. (NYSE:UDR) declared 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 dividend on an annualized basis and a dividend yield of 4.01%.

UDR has raised its dividend by an average of 4.9% annually over the last three years and has raised its dividend every year for the last 14 years. UDR has a dividend payout ratio of 361.7% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities 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 Stock Performance

UDR traded down $0.53 during trading on Thursday, hitting $42.42. The company’s stock had a trading volume of 2,488,798 shares, compared to its average volume of 2,427,881. UDR has a one year low of $34.19 and a one year high of $47.55. The business’s 50 day simple moving average is $44.36 and its 200-day simple moving average is $43.08. The company has a quick ratio of 5.91, a current ratio of 5.91 and a debt-to-equity ratio of 1.69. The firm has a market cap of $14.00 billion, a PE ratio of 114.65, a P/E/G ratio of 12.34 and a beta of 0.87.

Wall Street Analyst Weigh In

Several analysts have issued reports on UDR shares. Scotiabank cut their price target on UDR from $49.00 to $48.00 and set a “sector perform” rating for the company in a report on Thursday, November 14th. 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 research note on Tuesday, September 10th. JPMorgan Chase & Co. raised their price target on UDR from $43.00 to $50.00 and gave the company an “overweight” rating in a report on Monday, September 16th. Wells Fargo & Company increased their target price on UDR from $41.00 to $48.00 and gave the stock an “overweight” rating in a research report on Monday, August 26th. Finally, Barclays initiated coverage on UDR in a report on Tuesday. They issued an “overweight” rating and a $50.00 price target on the stock. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, UDR has a consensus rating of “Hold” and an average target price of $46.00.

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.