The stock of UDR Inc. (NYSE:UDR) last traded at $39.44, down -1.99% from the previous session.
Data from the available sources indicates that UDR Inc. (NYSE:UDR) is covered by 22 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $50.00 and a low of $41.00, we find $45.00. Given the previous closing price of $40.24, this indicates a potential upside of 11.83 percent. UDR stock price is now -2.41% away from the 50-day moving average and -5.08% away from the 200-day moving average. The market capitalization of the company currently stands at $12.95B.
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In total, 11 analysts have assigned it a hold rating, and 8 have given it a buy rating. Brokers who have rated the stock have averaged $45.63 as their price target over the next twelve months.
In other news, TOOMEY THOMAS W, Chairman and CEO sold 20,000 shares of the company’s stock on Nov 23. The stock was sold for $808,784 at an average price of $40.44. Upon completion of the transaction, the Chairman and CEO now directly owns 984,716 shares in the company, valued at $38.84 million. Insiders disposed of 24,913 shares of company stock worth roughly $0.98 million over the past 1 year. A total of 0.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in UDR stock. A new stake in UDR Inc. shares was purchased by WELLINGTON MANAGEMENT GROUP LLP during the first quarter worth $84,259,000. DUFF & PHELPS INVESTMENT MANAGEMENT CO invested $83,856,000 in shares of UDR during the first quarter. In the first quarter, ALLSTATE INVESTMENT MANAGEMENT CO acquired a new stake in UDR Inc. valued at approximately $10,384,000. GRS ADVISORS, LLC acquired a new stake in UDR for approximately $10,286,000. CONVERSANT CAPITAL LLC purchased a new stake in UDR valued at around $6,508,000 in the second quarter. In total, there are 730 active investors with 101.52% ownership of the company’s stock.
With an opening price of $40.17 on Wednesday morning, UDR Inc. (NYSE: UDR) set off the trading day. During the past 12 months, UDR Inc. has had a low of $37.18 and a high of $50.65. The fifty day moving average price for UDR is $40.39 and a two-hundred day moving average price translates $41.51 for the stock.
The latest earnings results from UDR Inc. (NYSE: UDR) was released for Mar, 2023. According to the REIT – Residential Company, earnings per share came in at $0.1, missing analysts’ expectations of $0.11 by -0.01. This compares to $0.04 EPS in the same period last year. The net profit margin was 6.40% and return on equity was 2.50% for UDR. The company reported revenue of $399.55 million for the quarter, compared to $357.27 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.84 percent. For the current quarter, analysts expect UDR to generate $407.19M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 05/01/2023. Investors who held shares on 04/10/2023 were paid a $0.42 dividend. On an annualized basis, this represents a $1.68 dividend and a 4.26% percent yield. There was an ex-dividend date of 04/06/2023 for this dividend. In terms of dividend payout ratio, UDR is presently at 497.10%.
UDR Inc.(UDR) Company Profile
UDR, Inc. (NYSE: UDR), an S&P 500 company, is a leading multifamily REIT with a demonstrated performance history of delivering superior and dependable returns by successfully managing, buying, selling, developing and redeveloping attractive real estate communities in targeted U.S. markets. As of December 31, 2022, UDR owned or had an ownership position in 58,390 apartment homes including 554 homes under development. For over 50 years, UDR has delivered long-term value to shareholders, the best standard of service to Residents and the highest quality experience for Associates.
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