UDR (NYSE:UDR) Stock Rating Upgraded by StockNews.com

UDR (NYSE:UDR) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

Several other research analysts have also commented on the stock. Jefferies Financial Group lowered shares of UDR from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $50.00 to $45.00 in a research note on Thursday, January 2nd. Royal Bank of Canada decreased their price objective on UDR from $46.00 to $45.00 and set a “sector perform” rating for the company in a report on Tuesday, November 5th. Mizuho lowered their price objective on UDR from $47.00 to $45.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Scotiabank reduced their target price on UDR from $49.00 to $48.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 14th. Finally, Wells Fargo & Company lowered their price target on UDR from $48.00 to $45.00 and set an “overweight” rating for the company in a report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, UDR currently has a consensus rating of “Hold” and an average target price of $46.00.

UDR Stock Down 0.2 %

UDR stock opened at $42.91 on Thursday. UDR has a twelve month low of $34.19 and a twelve month high of $47.55. The business has a fifty day moving average of $42.71 and a two-hundred day moving average of $43.43. The firm has a market cap of $14.16 billion, a P/E ratio of 115.98, a P/E/G ratio of 11.38 and a beta of 0.88. The company has a quick ratio of 5.91, a current ratio of 5.91 and a debt-to-equity ratio of 1.69.

UDR (NYSE:UDR) last issued its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.53. UDR had a return on equity of 3.57% and a net margin of 7.68%. On average, analysts forecast that UDR will post 2.48 earnings per share for the current fiscal year.

Hedge Funds Weigh In On UDR

Several institutional investors and hedge funds have recently modified their holdings of the stock. Exchange Traded Concepts LLC raised its position in UDR by 8.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 3,330 shares of the real estate investment trust’s stock valued at $145,000 after acquiring an additional 269 shares in the last quarter. CWM LLC grew its stake in shares of UDR by 10.0% during the 3rd quarter. CWM LLC now owns 3,802 shares of the real estate investment trust’s stock worth $172,000 after purchasing an additional 347 shares during the period. Empowered Funds LLC increased its holdings in shares of UDR by 7.1% during the 3rd quarter. Empowered Funds LLC now owns 5,246 shares of the real estate investment trust’s stock valued at $238,000 after purchasing an additional 350 shares in the last quarter. Mather Group LLC. lifted its stake in shares of UDR by 58.2% in the 3rd quarter. Mather Group LLC. now owns 998 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 367 shares during the period. Finally, Truist Financial Corp boosted its holdings in UDR by 0.6% during the second quarter. Truist Financial Corp now owns 66,673 shares of the real estate investment trust’s stock worth $2,744,000 after buying an additional 414 shares in the last quarter. Institutional investors and hedge funds 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.