UDR (NYSE:UDR) Stock Price Expected to Rise, Scotiabank Analyst Says

UDR (NYSE:UDR) had its price objective increased by equities researchers at Scotiabank from $48.00 to $49.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s price objective indicates a potential upside of 14.13% from the company’s current price.

Several other analysts also recently weighed in on UDR. Wells Fargo & Company decreased their target price on UDR from $48.00 to $45.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. StockNews.com upgraded UDR from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Barclays reduced their price objective on UDR from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Evercore ISI raised their price objective on UDR from $43.00 to $45.00 and gave the stock an “in-line” rating in a research report on Monday, February 10th. Finally, Zelman & Associates reiterated a “neutral” rating on shares of UDR in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $46.18.

UDR Stock Performance

Shares of NYSE UDR opened at $42.93 on Friday. The company has a debt-to-equity ratio of 1.71, a quick ratio of 5.91 and a current ratio of 1.32. The firm has a market cap of $14.17 billion, a price-to-earnings ratio of 171.73, a P/E/G ratio of 11.72 and a beta of 0.88. The business’s 50-day simple moving average is $42.45 and its 200-day simple moving average is $43.51. UDR has a 52 week low of $34.76 and a 52 week high of $47.55.

UDR (NYSE:UDR) last announced its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.53. UDR had a return on equity of 2.65% and a net margin of 5.36%. As a group, equities research analysts expect that UDR will post 2.51 earnings per share for the current fiscal year.

Institutional Investors Weigh In On UDR

Institutional investors have recently made changes to their positions in the stock. Activest Wealth Management acquired a new stake in shares of UDR during the third quarter worth $27,000. Brooklyn Investment Group bought a new position in UDR during the third quarter worth about $33,000. Continuum Advisory LLC lifted its holdings in UDR by 5,335.3% during the third quarter. Continuum Advisory LLC now owns 924 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 907 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in UDR by 68.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,206 shares of the real estate investment trust’s stock worth $52,000 after acquiring an additional 491 shares in the last quarter. Finally, Salem Investment Counselors Inc. lifted its holdings in UDR by 62.7% during the fourth quarter. Salem Investment Counselors Inc. now owns 1,349 shares of the real estate investment trust’s stock worth $59,000 after acquiring an additional 520 shares in the last quarter. 97.84% of the stock is owned by institutional investors and hedge funds.

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.