UDR (UDR) – Research Analysts’ Weekly Ratings Changes

UDR (NYSE: UDR) has recently received a number of price target changes and ratings updates:

  • 2/9/2018 – UDR was given a new $38.00 price target on by analysts at Mizuho. They now have a “buy” rating on the stock.
  • 2/6/2018 – UDR was downgraded by analysts at TheStreet from a “b-” rating to a “c” rating.
  • 1/31/2018 – UDR was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “UDR’s portfolio with superior product-mix, located in the targeted U.S. markets is likely to drive long-term growth in rental income. Further, the increasing demand for apartments and the company’s concentration on enhancing portfolio via expansion in core markets and sale of non-core ones is expected to support momentum. However, shares of UDR have underperformed the industry it belongs to, in the past month. Notably, the company continues to deal with elevated level of apartment supply in a number of its markets. This limits the landlord’s ability to demand higher rents and also increases concessional activities. Moreover, any rise in interest rates remains a concern for the company.”
  • 1/22/2018 – UDR was given a new $39.00 price target on by analysts at SunTrust Banks, Inc.. They now have a “hold” rating on the stock.
  • 1/19/2018 – UDR had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $38.00 price target on the stock.
  • 1/9/2018 – UDR had its “hold” rating reaffirmed by analysts at BMO Capital Markets. They now have a $40.00 price target on the stock.
  • 1/9/2018 – UDR had its “buy” rating reaffirmed by analysts at Robert W. Baird. They now have a $40.00 price target on the stock.
  • 1/6/2018 – UDR was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Shares of UDR have underperformed the industry it belongs to, in the past month. Notably, the company continues to deal with elevated level of apartment supply in a number of its markets. This limits the landlord’s ability to demand higher rents and also increases concessional activities. Moreover, the company’s extensive development pipeline exposes it to operational risks, entitlement delays and lease-up risks. Also, properties under development tend to drag margins till their completion. Further, any rise in interest rates remains a concern for the company. Nonetheless, UDR’s portfolio with superior product-mix, located in the targeted U.S. markets has the capacity to drive long-term growth in rental income.”

Shares of UDR, Inc. (NYSE UDR) traded down $0.27 during trading hours on Monday, reaching $33.52. The company’s stock had a trading volume of 816,859 shares, compared to its average volume of 1,658,287. The company has a current ratio of 4.93, a quick ratio of 5.45 and a debt-to-equity ratio of 1.32. UDR, Inc. has a 12-month low of $32.88 and a 12-month high of $40.71. The firm has a market cap of $9,049.71, a price-to-earnings ratio of 77.95, a price-to-earnings-growth ratio of 2.89 and a beta of 0.33.

UDR (NYSE:UDR) last issued its quarterly earnings results on Tuesday, February 6th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.48. UDR had a return on equity of 4.53% and a net margin of 12.21%. The firm had revenue of $250.12 million for the quarter, compared to analyst estimates of $250.37 million. During the same period last year, the company earned $0.46 EPS. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. equities analysts predict that UDR, Inc. will post 1.95 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 10th were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 3.70%. The ex-dividend date was Tuesday, January 9th. UDR’s payout ratio is 288.37%.

In other news, CEO Thomas W. Toomey sold 20,000 shares of UDR stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $39.20, for a total value of $784,000.00. Following the transaction, the chief executive officer now directly owns 1,127,925 shares of the company’s stock, valued at approximately $44,214,660. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.07% of the stock is currently owned by company insiders.

UDR, Inc is a self-administered real estate investment trust. The Company owns, operates, acquires, renovates, develops, redevelops, disposes of and manages multifamily apartment communities generally located in various markets across the United States. The Company’s segments are Same-Store Communities and Non-Mature Communities/Other.

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