UDR (NYSE:UDR) Given New $48.00 Price Target at Scotiabank

UDR (NYSE:UDR) had its price objective decreased by Scotiabank from $49.00 to $48.00 in a research note released on Thursday morning,Benzinga reports. Scotiabank currently has a sector perform rating on the real estate investment trust’s stock.

UDR has been the subject of several other reports. BNP Paribas initiated coverage on shares of UDR in a research report on Wednesday, September 11th. They issued an “outperform” rating and a $49.00 target price for the company. JPMorgan Chase & Co. raised their target price on shares of UDR from $43.00 to $50.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. UBS Group raised their target price on shares of UDR from $48.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, September 12th. The Goldman Sachs Group assumed coverage on shares of UDR in a research report on Wednesday, September 4th. They issued a “sell” rating and a $42.00 target price for the company. Finally, Evercore ISI lifted their price target 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. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $45.18.

UDR Trading Down 0.9 %

Shares of NYSE:UDR traded down $0.42 on Thursday, hitting $44.13. The company had a trading volume of 1,459,902 shares, compared to its average volume of 2,504,197. The firm’s 50-day simple moving average is $44.62 and its two-hundred day simple moving average is $42.03. UDR has a 1 year low of $32.37 and a 1 year high of $47.55. 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 capitalization of $14.56 billion, a price-to-earnings ratio of 119.87, a P/E/G ratio of 12.55 and a beta of 0.85.

UDR Dividend Announcement

The business also recently declared 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 3.85%. UDR’s dividend payout ratio is presently 459.47%.

Institutional Trading of UDR

A number of large investors have recently made changes to their positions in the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in UDR by 370.6% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 222,940 shares of the real estate investment trust’s stock valued at $8,340,000 after buying an additional 175,566 shares during the period. State Board of Administration of Florida Retirement System grew its position in UDR by 5.2% during the first quarter. State Board of Administration of Florida Retirement System now owns 375,172 shares of the real estate investment trust’s stock valued at $15,405,000 after buying an additional 18,570 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in UDR by 22.9% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 597,502 shares of the real estate investment trust’s stock valued at $22,353,000 after buying an additional 111,334 shares during the period. Centersquare Investment Management LLC grew its position in UDR by 17.7% during the first quarter. Centersquare Investment Management LLC now owns 9,550,638 shares of the real estate investment trust’s stock valued at $363,688,000 after buying an additional 1,433,463 shares during the period. Finally, Intech Investment Management LLC bought a new stake in UDR during the first quarter valued at approximately $213,000. 97.84% of the stock is currently owned by 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.