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UDR (NYSE:UDR) has earned an average rating of “Buy” from the seven ratings firms that are currently covering the stock, American Banking & Market News reports. Three analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $26.50.

UDR has been the subject of a number of recent research reports. Analysts at JPMorgan Chase & Co. raised their price target on shares of UDR from $28.00 to $29.00 in a research note on Friday. They now have an “overweight” rating on the stock. Separately, analysts at TheStreet upgraded shares of UDR from a “hold” rating to a “buy” rating in a research note on Friday, May 9th. Finally, 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.

In other UDR news, CEO Thomas W. Toomey sold 15,000 shares of UDR stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $28.10, for a total value of $421,500.00. The sale was disclosed in a document filed with the SEC, which is available at this link.

UDR (NYSE:UDR) traded down 0.25% during mid-day trading on Monday, hitting $28.21. 248,640 shares of the company’s stock traded hands. UDR has a one year low of $21.96 and a one year high of $28.33. The stock has a 50-day moving average of $27.43 and a 200-day moving average of $25.54. The company has a market cap of $7.093 billion and a price-to-earnings ratio of 118.33.

UDR (NYSE:UDR) last released its earnings data on Tuesday, April 29th. The company reported $0.36 earnings per share (EPS) for the quarter, meeting the 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 in the previous year, the company posted $0.34 earnings per share. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, analysts predict that UDR will post $1.51 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Thursday, July 31st. Stockholders of record on Thursday, July 10th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date of this dividend is Tuesday, July 8th.

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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