Headlines about UDR (NYSE:UDR) have trended somewhat positive this week, according to Accern. The research group rates the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. UDR earned a coverage optimism score of 0.03 on Accern’s scale. Accern also assigned media stories about the real estate investment trust an impact score of 46.1633931027513 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Several equities analysts have recently commented on UDR shares. Cantor Fitzgerald restated a “buy” rating and issued a $42.00 target price on shares of UDR in a research report on Wednesday, September 13th. UBS Group upgraded shares of UDR from a “neutral” rating to a “buy” rating and boosted their target price for the company from $39.00 to $43.00 in a research report on Friday, September 8th. Mizuho restated a “buy” rating and issued a $43.00 target price on shares of UDR in a research report on Monday, November 6th. BMO Capital Markets set a $40.00 target price on shares of UDR and gave the company a “hold” rating in a research report on Tuesday, October 31st. Finally, SunTrust Banks cut shares of UDR from a “buy” rating to a “hold” rating and set a $41.00 target price for the company. in a research report on Wednesday, November 29th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company’s stock. UDR presently has an average rating of “Hold” and a consensus target price of $40.38.
UDR (UDR) traded down $0.05 during mid-day trading on Friday, reaching $37.51. 1,325,824 shares of the company were exchanged, compared to its average volume of 1,227,200. The firm has a market cap of $10,265.77, a PE ratio of 35.39, a price-to-earnings-growth ratio of 3.28 and a beta of 0.39. UDR has a twelve month low of $34.41 and a twelve month high of $40.71. The company has a debt-to-equity ratio of 1.31, a quick ratio of 5.45 and a current ratio of 5.45.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Wednesday, January 10th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date of this dividend is Tuesday, January 9th. UDR’s dividend payout ratio is 116.98%.
In related news, CEO Thomas W. Toomey sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $39.20, for a total transaction of $784,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,127,925 shares in the company, valued at approximately $44,214,660. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 3.07% of the stock is owned by corporate insiders.
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UDR Company Profile
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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