UDR (NYSE:UDR) Lowered to “Hold” Rating by Jefferies Financial Group

UDR (NYSE:UDR) was downgraded by equities research analysts at Jefferies Financial Group from a “buy” rating to a “hold” rating in a report issued on Thursday,Briefing.com Automated Import reports. They presently have a $45.00 price target on the real estate investment trust’s stock, down from their prior price target of $50.00. Jefferies Financial Group’s price objective points to a potential upside of 3.66% from the stock’s current price.

Several other research firms have also issued reports on UDR. Barclays started coverage on shares of UDR in a report on Tuesday, December 17th. They issued an “overweight” rating and a $50.00 target price for the company. Deutsche Bank Aktiengesellschaft upped their target price on UDR from $40.00 to $44.00 and gave the company a “hold” rating in a research note on Tuesday, September 10th. StockNews.com raised UDR from a “sell” rating to a “hold” rating in a research note on Saturday, December 21st. UBS Group upped their price objective on UDR from $48.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday, September 12th. Finally, BNP Paribas started coverage on shares of UDR in a research note on Wednesday, September 11th. They set an “outperform” rating and a $49.00 target price for the company. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $45.94.

UDR Stock Performance

NYSE:UDR opened at $43.41 on Thursday. The stock’s fifty day moving average is $44.19 and its 200 day moving average is $43.35. UDR has a fifty-two week low of $34.19 and a fifty-two week high of $47.55. The firm has a market capitalization of $14.32 billion, a PE ratio of 117.33, a PEG ratio of 12.34 and a beta of 0.87. The company has a debt-to-equity ratio of 1.69, a quick ratio of 5.91 and a current ratio of 5.91.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of UDR. Activest Wealth Management acquired a new stake in shares of UDR in the third quarter worth $27,000. Brooklyn Investment Group purchased a new stake in UDR in the 3rd quarter worth approximately $33,000. Rothschild Investment LLC acquired a new stake in shares of UDR during the 2nd quarter worth approximately $35,000. Quest Partners LLC purchased a new position in UDR in the second quarter valued at $37,000. Finally, International Assets Investment Management LLC acquired a new stake in UDR in the second quarter valued at approximately $40,000. 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.