UDR (NYSE:UDR) Given New $48.00 Price Target at Barclays

UDR (NYSE:UDR) had its price target decreased by Barclays from $50.00 to $48.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the real estate investment trust’s stock. Barclays‘s target price would suggest a potential upside of 18.14% from the stock’s current price.

A number of other research firms also recently issued reports on UDR. Royal Bank of Canada dropped their price target on UDR from $46.00 to $45.00 and set a “sector perform” rating on the stock in a research note on Tuesday, November 5th. Scotiabank decreased their target price on shares of UDR from $49.00 to $48.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 14th. Mizuho decreased their target price on UDR from $47.00 to $45.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. StockNews.com cut UDR from a “hold” rating to a “sell” rating in a report on Thursday, January 2nd. Finally, Jefferies Financial Group lowered UDR from a “buy” rating to a “hold” rating and dropped their target price for the company from $50.00 to $45.00 in a research note on Thursday, January 2nd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, UDR currently has an average rating of “Hold” and a consensus price target of $46.06.

UDR Stock Up 0.8 %

UDR stock opened at $40.63 on Friday. The stock has a market cap of $13.41 billion, a PE ratio of 109.81, a P/E/G ratio of 11.03 and a beta of 0.89. UDR has a 1-year low of $34.19 and a 1-year high of $47.55. The company has a debt-to-equity ratio of 1.69, a current ratio of 5.91 and a quick ratio of 5.91. The stock’s fifty day moving average is $43.35 and its two-hundred day moving average is $43.38.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Activest Wealth Management bought a new position in shares of UDR in the third quarter valued at $27,000. Brooklyn Investment Group acquired a new stake in UDR during the third quarter valued at $33,000. Continuum Advisory LLC lifted its stake in UDR by 5,335.3% in the third quarter. Continuum Advisory LLC now owns 924 shares of the real estate investment trust’s stock valued at $41,000 after acquiring an additional 907 shares during the last quarter. Mather Group LLC. boosted its position in UDR by 58.2% during the third quarter. Mather Group LLC. now owns 998 shares of the real estate investment trust’s stock worth $45,000 after purchasing an additional 367 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in UDR in the 2nd quarter worth approximately $54,000. 97.84% of the stock is currently owned by 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.