UDR Given Consensus Recommendation of “Buy” by Analysts (NYSE:UDR)
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.