Wells Fargo & Company Has Lowered Expectations for UDR (NYSE:UDR) Stock Price

UDR (NYSE:UDR) had its price target decreased by investment analysts at Wells Fargo & Company from $48.00 to $45.00 in a research report issued on Friday,Benzinga reports. The firm presently has an “overweight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s price target would suggest a potential upside of 11.77% from the stock’s previous close.

UDR has been the subject of a number of other reports. Royal Bank of Canada decreased their price target 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 decreased their price target on UDR from $47.00 to $45.00 and set a “neutral” rating for the company in a report on Monday, January 6th. StockNews.com downgraded UDR from a “hold” rating to a “sell” rating in a report on Thursday, January 2nd. Barclays decreased their price target on UDR from $50.00 to $48.00 and set an “overweight” rating for the company in a report on Friday. Finally, Jefferies Financial Group cut UDR from a “buy” rating to a “hold” rating and cut their price objective for the company from $50.00 to $45.00 in a research report on Thursday, January 2nd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, UDR has a consensus rating of “Hold” and an average target price of $46.06.

UDR Stock Performance

NYSE:UDR traded down $0.06 during trading hours on Friday, reaching $40.26. The company had a trading volume of 118,171 shares, compared to its average volume of 1,908,752. UDR has a 1-year low of $34.19 and a 1-year high of $47.55. The firm has a market cap of $13.28 billion, a PE ratio of 108.84, a price-to-earnings-growth ratio of 11.03 and a beta of 0.89. The business’s 50 day moving average price is $43.51 and its 200-day moving average price is $43.40. The company has a debt-to-equity ratio of 1.69, a current ratio of 5.91 and a quick ratio of 5.91.

Institutional Trading of UDR

Large investors have recently added to or reduced their stakes in the stock. Activest Wealth Management purchased a new stake in UDR in the 3rd quarter valued at $27,000. Brooklyn Investment Group purchased a new stake in UDR in the 3rd quarter valued at $33,000. Continuum Advisory LLC grew its holdings in UDR by 5,335.3% in the 3rd quarter. Continuum Advisory LLC now owns 924 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 907 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 last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of UDR in the 2nd quarter valued at $54,000. 97.84% of the stock is currently owned by hedge funds and other institutional investors.

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.