UDR (NYSE:UDR) Price Target Raised to $52.00

UDR (NYSE:UDR) had its price target hoisted by UBS Group from $48.00 to $52.00 in a report published on Thursday, Benzinga reports. The brokerage currently has a buy rating on the real estate investment trust’s stock.

Several other equities research analysts have also recently issued reports on UDR. 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. BNP Paribas began coverage on UDR in a research report on Wednesday. They set an outperform rating and a $49.00 price target for the company. JPMorgan Chase & Co. raised their price objective on UDR from $42.00 to $43.00 and gave the company an overweight rating in a report on Monday, June 17th. Deutsche Bank Aktiengesellschaft upped their target price on shares of UDR from $40.00 to $44.00 and gave the stock a hold rating in a report on Tuesday, September 10th. Finally, Wedbush raised their price target on shares of UDR from $45.00 to $49.00 and gave the stock an outperform rating in a research note on Monday, August 5th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus price target of $43.67.

UDR Stock Up 1.2 %

UDR stock opened at $47.13 on Thursday. UDR has a 12 month low of $30.95 and a 12 month high of $47.22. The stock has a market capitalization of $15.54 billion, a PE ratio of 34.15, a price-to-earnings-growth ratio of 10.21 and a beta of 0.85. The company has a debt-to-equity ratio of 1.57, a current ratio of 5.82 and a quick ratio of 5.82. The business has a 50 day simple moving average of $42.37 and a 200-day simple moving average of $39.73.

UDR (NYSE:UDR) last issued its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported $0.08 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.53). The company had revenue of $415.30 million during the quarter, compared to analysts’ expectations of $413.75 million. UDR had a return on equity of 3.70% and a net margin of 8.34%. UDR’s revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.61 EPS. On average, analysts anticipate that UDR will post 2.46 EPS for the current fiscal year.

Institutional Trading of UDR

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC acquired a new stake in shares of UDR in the second quarter valued at $488,000. Truist Financial Corp grew its position in UDR by 0.6% in the 2nd quarter. Truist Financial Corp now owns 66,673 shares of the real estate investment trust’s stock valued at $2,744,000 after acquiring an additional 414 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in UDR during the second quarter worth about $586,000. Creative Planning lifted its position in shares of UDR by 16.1% during the second quarter. Creative Planning now owns 15,732 shares of the real estate investment trust’s stock worth $647,000 after purchasing an additional 2,181 shares in the last quarter. Finally, Waterfall Asset Management LLC purchased a new position in shares of UDR in the second quarter valued at approximately $820,000. Hedge funds and other institutional investors 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.