Share on StockTwits

Shares of UDR (NYSE:UDR) hit a new 52-week high during trading on Monday , StockRatingsNetwork.com reports. The stock traded as high as $28.75 and last traded at $28.54, with a volume of 559,574 shares changing hands. The stock had previously closed at $28.64.

A number of analysts have recently weighed in on UDR shares. 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, June 20th. 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. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $26.50.

The stock has a 50-day moving average of $27.70 and a 200-day moving average of $25.69. The company has a market cap of $7.198 billion and a P/E ratio of 119.83.

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 prior year, the company posted $0.34 earnings per share. The company’s quarterly revenue was up 7.1% on a year-over-year basis. Analysts expect that UDR will post $1.51 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Thursday, July 31st. Stockholders 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 3.63%. The ex-dividend date is Tuesday, July 8th.

In other UDR news, SVP Harry G. Alcock unloaded 10,000 shares of UDR stock on the open market in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $28.02, for a total value of $280,200.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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.