UDR, Inc. (NYSE:UDR).
On December 13 the company was rated “Underweight” according to a Morgan Stanley report down from the previous “” rating. On November 28 the company was upgraded to “Buy” from “” in a report issued by Evercore ISI Group.
Equity analyst BMO Capital both downgraded the stock and lowered the price target on October 25 changing the price target from $40.00 to $35.00 and altering the rating from “Outperform” to “Market Perform”. On October 25 the stock rating was downgraded from “Outperform” to “Market Perform” with a current price target of $35.00 by BMO Capital.
Equity analyst BTIG Research began coverage of UDR giving it an initial rating of “Buy” and a price target of $42.00.
The company is now up since yesterday’s close of $39.94. UDR, Inc. recently announced a dividend that was paid on Monday the 1st of May 2017. The dividend payment was $0.310 per share for the quarter which is $1.24 annualized. This dividend represents a yeild of $3.08 which is the dividend as a percentage of the current share price. The ex-dividend date was set for Thursday the 6th of April 2017.
It is trading at $40.22 which is just a bit higher than $38.03, the stock’s 50 day moving average and which is marginally over the 200 day moving average of $36.15. The 50 day moving average moved up $2.19 and the 200 day average went up by +11.25%.
UDR, Inc., launched on May 2, 2003, 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 Business’s segments are Same-Store Communities and Non-Mature Communities/Other. As of December 31, 2016, the Business’s consolidated real estate portfolio included 127 communities located in 18 markets, with a total of 39,454 completed apartment homes. As of December 31, 2016, the Company also had an ownership interest in 27 communities containing 6,849 apartment homes through unconsolidated joint ventures or partnerships..
The company’s P/E ratio is 35.72 and the market cap of the company is 10.75B. In the latest earnings report the EPS was $1.13 and is projected to be $0.27 for the current year with 267,391,000 shares now outstanding. Next quarter’s EPS is forecasted to be $0.06 with next year’s EPS anticipated to be $0.28.