Barclays Increases UDR Price Target to $29.00 (UDR)
Research analysts at Barclays boosted their target price on shares of UDR (NYSE:UDR) from $27.00 to $29.00 in a report released on Monday. The firm currently has an “equal weight” rating on the stock. Barclays’ price target would suggest a potential upside of 0.69% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of UDR in a research note on Friday. They now have a $30.00 price target on the stock. Separately, 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. Finally, analysts at TheStreet upgraded shares of UDR from a “hold” rating to a “buy” rating in a research note on Friday, May 9th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $27.60.
In other UDR news, SVP Jerry A. Davis sold 23,745 shares of the stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $28.70, for a total transaction of $681,481.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of UDR (NYSE:UDR) traded down 0.87% during mid-day trading on Monday, hitting $28.55. The stock had a trading volume of 1,038,504 shares. UDR has a 1-year low of $21.96 and a 1-year high of $28.92. The stock has a 50-day moving average of $28.15 and a 200-day moving average of $26.21. The company has a market cap of $7.178 billion and a P/E ratio of 120.50.
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. Analysts expect that UDR will post $1.51 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, July 31st. Investors 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 3.61%. 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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