UDR Given “Overweight” Rating at JPMorgan Chase & Co. (UDR)
UDR (NYSE:UDR)‘s stock had its “overweight” rating restated by analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Friday. They currently have a $29.00 target price on the stock, up from their previous target price of $28.00. JPMorgan Chase & Co.’s target price points to a potential upside of 3.31% from the stock’s previous close.
UDR has been the subject of a number of other recent research reports. Analysts at TheStreet upgraded shares of UDR from a “hold” rating to a “buy” rating in a research note on Friday, May 9th. Separately, analysts at Citigroup Inc. reiterated a “hold” rating on shares of UDR in a research note on Friday, May 2nd. They now have a $27.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of UDR in a research note on Friday, April 11th. They now have a $27.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $26.50.
UDR (NYSE:UDR) traded up 0.18% on Friday, hitting $28.12. 511,310 shares of the company’s stock traded hands. UDR has a 52 week low of $21.96 and a 52 week high of $28.32. The stock’s 50-day moving average is $27.37 and its 200-day moving average is $25.51. The company has a market cap of $7.070 billion and a P/E ratio of 117.45.
UDR (NYSE:UDR) last released its earnings data on Tuesday, April 29th. The company reported $0.36 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.36. The company had revenue of $198.04 million for the quarter, compared to the consensus estimate of $191.82 million. During the same quarter last year, the company posted $0.34 earnings per share. UDR’s revenue was up 7.1% compared to the same quarter last year. On average, analysts predict that UDR will post $1.51 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, July 31st. Investors of record on Thursday, July 10th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 3.71%.
UDR, Inc (NYSE:UDR) is a self administered real estate investment trust (REIT), which owns, operates, acquires, renovates, develops, redevelops, and manages multifamily apartment communities located throughout the United States.
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