UDR Hits New 12-Month High at $28.99 (UDR)
UDR (NYSE:UDR)’s share price hit a new 52-week high during trading on Monday , StockRatingsNetwork reports. The company traded as high as $28.99 and last traded at $28.97, with a volume of 577,297 shares traded. The stock had previously closed at $28.62.
A number of analysts have recently weighed in on UDR shares. Analysts at Barclays raised their price target on shares of UDR from $27.00 to $29.00 in a research note on Monday, July 21st. They now have an “equal weight” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of UDR in a research note on Friday, July 18th. They now have a $30.00 price target on the stock. Finally, 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. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. UDR presently has a consensus rating of “Buy” and an average target price of $27.60.
The stock has a 50-day moving average of $28.28 and a 200-day moving average of $26.38. The company has a market cap of $7.284 billion and a price-to-earnings ratio of 119.75.
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 3.63%. The ex-dividend date is Tuesday, July 8th.
In other UDR news, SVP Jerry A. Davis unloaded 23,745 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $28.70, for a total value of $681,481.50. The sale was disclosed in a legal filing with the SEC, which is available at 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.
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