Deutsche Bank Aktiengesellschaft Raises UDR (NYSE:UDR) Price Target to $44.00

UDR (NYSE:UDR) had its target price increased by Deutsche Bank Aktiengesellschaft from $40.00 to $44.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage presently has a “hold” rating on the real estate investment trust’s stock. Deutsche Bank Aktiengesellschaft’s price objective would suggest a potential downside of 2.74% from the stock’s previous close.

Several other analysts have also recently commented on UDR. UBS Group raised their target price on UDR from $44.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. BMO Capital Markets raised UDR from a “market perform” rating to an “outperform” rating and raised their price target for the company from $39.00 to $45.00 in a report on Monday, July 15th. Piper Sandler upped their price objective on shares of UDR from $40.00 to $46.00 and gave the stock a “neutral” rating in a report on Monday, August 26th. Wedbush increased their target price on shares of UDR from $45.00 to $49.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Finally, Evercore ISI boosted their price target on shares of UDR from $42.00 to $43.00 and gave the stock an “in-line” rating in a research report on Monday. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $43.12.

UDR Stock Up 1.6 %

Shares of NYSE:UDR traded up $0.72 during midday trading on Tuesday, reaching $45.24. The company had a trading volume of 997,661 shares, compared to its average volume of 2,577,636. The stock has a market capitalization of $14.92 billion, a P/E ratio of 32.74, a PEG ratio of 9.66 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. UDR has a one year low of $30.95 and a one year high of $45.26. The stock’s fifty day moving average price is $41.93 and its 200-day moving average price is $39.45.

UDR (NYSE:UDR) last announced its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.53). UDR had a return on equity of 3.70% and a net margin of 8.34%. The firm had revenue of $415.30 million for the quarter, compared to the consensus estimate of $413.75 million. During the same quarter last year, the business earned $0.61 earnings per share. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. Equities research analysts expect that UDR will post 2.46 earnings per share for the current fiscal year.

Institutional Trading of UDR

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in UDR by 0.5% during the first quarter. Vanguard Group Inc. now owns 51,063,214 shares of the real estate investment trust’s stock valued at $1,910,275,000 after acquiring an additional 233,475 shares during the period. Presima Securities ULC bought a new position in UDR in the 4th quarter worth approximately $18,256,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in UDR by 370.6% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 222,940 shares of the real estate investment trust’s stock worth $8,340,000 after buying an additional 175,566 shares during the period. Simplicity Wealth LLC acquired a new position in shares of UDR during the second quarter worth approximately $2,135,000. Finally, Hsbc Holdings PLC boosted its position in shares of UDR by 6.2% in the fourth quarter. Hsbc Holdings PLC now owns 761,659 shares of the real estate investment trust’s stock valued at $29,205,000 after acquiring an additional 44,677 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.