UDR (NYSE:UDR) Lowered to “Sell” Rating by StockNews.com

UDR (NYSE:UDR) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Thursday.

A number of other research firms also recently commented on UDR. Deutsche Bank Aktiengesellschaft increased their target price on UDR from $40.00 to $44.00 and gave the stock a “hold” rating in a report on Tuesday, September 10th. Barclays assumed coverage on UDR in a research note on Tuesday, December 17th. They issued an “overweight” rating and a $50.00 target price for the company. JPMorgan Chase & Co. upped their price target on shares of UDR from $43.00 to $50.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. UBS Group lifted their price target on UDR from $48.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, September 12th. Finally, Royal Bank of Canada cut their price objective on shares of UDR from $46.00 to $45.00 and set a “sector perform” rating on the stock in a research note on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $45.94.

UDR Trading Up 1.3 %

NYSE UDR opened at $43.08 on Thursday. The company has a market capitalization of $14.21 billion, a price-to-earnings ratio of 116.44, a price-to-earnings-growth ratio of 12.34 and a beta of 0.87. The company has a debt-to-equity ratio of 1.69, a current ratio of 5.91 and a quick ratio of 5.91. UDR has a 12 month low of $34.19 and a 12 month high of $47.55. The company’s fifty day moving average price is $44.13 and its two-hundred day moving average price is $43.36.

Hedge Funds Weigh In On UDR

Large investors have recently made changes to their positions in the business. FMR LLC increased its holdings in UDR by 14.8% in the third quarter. FMR LLC now owns 11,401,026 shares of the real estate investment trust’s stock worth $516,923,000 after buying an additional 1,471,855 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of UDR by 5.0% in the third quarter. JPMorgan Chase & Co. now owns 7,774,541 shares of the real estate investment trust’s stock valued at $352,498,000 after purchasing an additional 368,087 shares during the period. Daiwa Securities Group Inc. lifted its position in UDR by 2.3% during the 3rd quarter. Daiwa Securities Group Inc. now owns 7,109,980 shares of the real estate investment trust’s stock worth $322,366,000 after acquiring an additional 159,625 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of 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 valued at $194,737,000 after purchasing an additional 103,384 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of UDR by 2.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,272,032 shares of the real estate investment trust’s stock worth $193,694,000 after purchasing an additional 117,213 shares during the period. Institutional investors and hedge funds 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.