Stocks of UDR Inc. (NYSE:UDR) traded higher last session on Wall Street, down -1.61% to $42.65.
According to the data, UDR Inc. (NYSE:UDR) has 19 analysts covering its stock. 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 $43.35, this indicates a potential upside of 3.81 percent. UDR stock price is now 3.14% away from the 50-day moving average and 4.67% away from the 200-day moving average. The market capitalization of the company currently stands at $14.27B.
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A total of 11 analysts have issued a hold rating and 5 have given it a buy rating. Brokers who have rated the stock have averaged $45.47 as their price target over the next twelve months.
With the price target maintained at $71, Wolfe Research recently Downgraded its rating from Outperform to Peer Perform for UDR Inc. (NYSE: UDR).
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 $42.0 million. Insiders disposed of 24,913 shares of company stock worth roughly $1.06 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 $91,116,000. DUFF & PHELPS INVESTMENT MANAGEMENT CO invested $90,681,000 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 $11,229,000. GRS ADVISORS, LLC acquired a new stake in UDR for approximately $11,123,000. CONVERSANT CAPITAL LLC purchased a new stake in UDR valued at around $7,037,000 in the second quarter. In total, there are 730 active investors with 101.52% ownership of the company’s stock.
Friday’s opening bell rang with an opening price of $42.80 for UDR Inc. (NYSE: UDR). 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 $41.39 and a two-hundred day moving average price translates $40.74 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 $405.84M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 07/31/2023. Investors who held shares on 07/10/2023 were paid a $0.42 dividend. On an annualized basis, this represents a $1.68 dividend and a 3.94% percent yield. There was an ex-dividend date of 07/07/2023 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 real estate investment trust 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 March 31, 2023, UDR owned or had an ownership position in 58,411 apartment homes including 415 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.
