UDR (NYSE:UDR) Price Target Lowered to $45.00 at Wells Fargo & Company

UDR (NYSE:UDR) had its price objective cut by Wells Fargo & Company from $48.00 to $45.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s price target indicates a potential upside of 10.76% from the stock’s current price.

UDR has been the topic of several other reports. Royal Bank of Canada reduced their price target on UDR from $46.00 to $45.00 and set a “sector perform” rating on the stock in a research report on Tuesday, November 5th. StockNews.com cut shares of UDR from a “hold” rating to a “sell” rating in a research report on Thursday, January 2nd. Scotiabank dropped their target price on shares of UDR from $49.00 to $48.00 and set a “sector perform” rating for the company in a report on Thursday, November 14th. Mizuho reduced their price target on UDR from $47.00 to $45.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Finally, Barclays dropped their price objective on UDR from $50.00 to $48.00 and set an “overweight” rating for the company in a report on Friday. Two 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’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $46.06.

UDR Price Performance

UDR stock opened at $40.63 on Friday. The firm has a 50 day simple moving average of $43.35 and a two-hundred day simple moving average of $43.38. 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 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 one year low of $34.19 and a one year high of $47.55.

Hedge Funds Weigh In On UDR

Large investors have recently modified their holdings of the stock. Activest Wealth Management purchased a new stake in UDR during the 3rd quarter valued at about $27,000. Brooklyn Investment Group bought a new position in shares of UDR in the third quarter worth approximately $33,000. Continuum Advisory LLC grew its holdings in shares of UDR by 5,335.3% during the third 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 during the last quarter. Mather Group LLC. grew its holdings in shares of UDR by 58.2% during the third quarter. Mather Group LLC. now owns 998 shares of the real estate investment trust’s stock valued at $45,000 after buying an additional 367 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of UDR during the second quarter valued at approximately $54,000. 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.