UDR (NYSE:UDR) Reaches New 12-Month High at $47.33

UDR, Inc. (NYSE:UDR)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $47.33 and last traded at $47.33, with a volume of 756 shares traded. The stock had previously closed at $47.13.

Analyst Ratings Changes

UDR has been the subject of several recent research reports. JPMorgan Chase & Co. raised their target price on shares of UDR from $42.00 to $43.00 and gave the company an “overweight” rating in a report on Monday, June 17th. Evercore ISI increased their target price on UDR from $42.00 to $43.00 and gave the company an “in-line” rating in a report on Monday, September 9th. Deutsche Bank Aktiengesellschaft boosted their price target on UDR from $40.00 to $44.00 and gave the stock a “hold” rating in a report on Tuesday, September 10th. BNP Paribas assumed coverage on shares of UDR in a research note on Wednesday, September 11th. They issued an “outperform” rating and a $49.00 target price for the company. Finally, Piper Sandler lifted their price target on shares of UDR from $40.00 to $46.00 and gave the stock a “neutral” rating in a report on Monday, August 26th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $43.67.

UDR Trading Up 0.4 %

The company has a current ratio of 5.82, a quick ratio of 5.82 and a debt-to-equity ratio of 1.57. The company has a market cap of $15.59 billion, a price-to-earnings ratio of 34.15, a price-to-earnings-growth ratio of 10.21 and a beta of 0.85. The firm has a 50-day moving average price of $42.37 and a 200 day moving average price of $39.76.

UDR (NYSE:UDR) last released its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.53). UDR had a return on equity of 3.70% and a net margin of 8.34%. The business had revenue of $415.30 million during the quarter, compared to analyst estimates of $413.75 million. During the same period in the prior year, the firm earned $0.61 EPS. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, sell-side analysts forecast that UDR, Inc. will post 2.46 EPS for the current year.

Institutional Investors Weigh In On UDR

A number of hedge funds have recently made changes to their positions in UDR. Sanctuary Advisors LLC bought a new stake in UDR during the 2nd quarter valued at $488,000. Truist Financial Corp grew its position in UDR by 0.6% in the 2nd quarter. Truist Financial Corp now owns 66,673 shares of the real estate investment trust’s stock valued at $2,744,000 after buying an additional 414 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in UDR during the 2nd quarter valued at about $586,000. Creative Planning raised its position in shares of UDR by 16.1% during the 2nd quarter. Creative Planning now owns 15,732 shares of the real estate investment trust’s stock worth $647,000 after buying an additional 2,181 shares in the last quarter. Finally, Waterfall Asset Management LLC acquired a new stake in shares of UDR in the 2nd quarter worth approximately $820,000. Institutional investors own 97.84% of the company’s stock.

About UDR

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.