StockNews.com Upgrades UDR (NYSE:UDR) to “Hold”

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

A number of other brokerages also recently weighed in on UDR. Evercore ISI increased their price objective on shares of UDR from $42.00 to $43.00 and gave the company an “in-line” rating in a research report on Monday, September 9th. UBS Group raised their price target on UDR from $48.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, September 12th. Wells Fargo & Company lifted their price objective on UDR from $41.00 to $48.00 and gave the stock an “overweight” rating in a report on Monday, August 26th. Scotiabank dropped 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, Piper Sandler boosted their price target on UDR from $40.00 to $46.00 and gave the company a “neutral” rating in a research note on Monday, August 26th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, UDR currently has an average rating of “Hold” and an average target price of $46.00.

UDR Stock Up 2.5 %

UDR stock opened at $43.46 on Friday. The firm has a market cap of $14.34 billion, a price-to-earnings ratio of 117.46, a PEG ratio of 12.34 and a beta of 0.87. The company has a current ratio of 5.91, a quick ratio of 5.91 and a debt-to-equity ratio of 1.69. UDR has a 12 month low of $34.19 and a 12 month high of $47.55. The stock has a fifty day simple moving average of $44.34 and a two-hundred day simple moving average of $43.16.

Institutional Trading of UDR

Hedge funds have recently bought and sold shares of the stock. FMR LLC boosted its stake in UDR by 14.8% during the third quarter. FMR LLC now owns 11,401,026 shares of the real estate investment trust’s stock valued at $516,923,000 after buying an additional 1,471,855 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of UDR by 2.3% in the third quarter. Daiwa Securities Group Inc. now owns 7,109,980 shares of the real estate investment trust’s stock valued at $322,366,000 after purchasing an additional 159,625 shares in the last quarter. Dimensional Fund Advisors LP increased its position in UDR by 2.2% in the second quarter. Dimensional Fund Advisors LP now owns 4,732,429 shares of the real estate investment trust’s stock worth $194,737,000 after purchasing an additional 103,384 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in UDR by 2.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,272,032 shares of the real estate investment trust’s stock valued at $193,694,000 after purchasing an additional 117,213 shares in the last quarter. Finally, Millennium Management LLC grew its stake in shares of UDR by 115.3% in the 2nd quarter. Millennium Management LLC now owns 3,499,150 shares of the real estate investment trust’s stock worth $143,990,000 after buying an additional 1,874,096 shares in the last quarter. Hedge funds and other institutional investors own 97.84% of the company’s stock.

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.