UDR (NYSE:UDR) Stock Rating Lowered by Jefferies Financial Group

UDR (NYSE:UDR) was downgraded by investment analysts at Jefferies Financial Group from a “buy” rating to a “hold” rating in a research report issued on Thursday, Marketbeat.com reports. They presently have a $45.00 target price on the real estate investment trust’s stock, down from their previous target price of $50.00. Jefferies Financial Group’s price objective points to a potential upside of 4.46% from the stock’s current price.

A number of other equities analysts have also commented on UDR. Evercore ISI lifted their price target on shares of UDR from $42.00 to $43.00 and gave the company an “in-line” rating in a research report on Monday, September 9th. Barclays assumed coverage on shares of UDR in a research note on Tuesday, December 17th. They issued an “overweight” rating and a $50.00 target price on the stock. Royal Bank of Canada dropped their price objective on UDR from $46.00 to $45.00 and set a “sector perform” rating for the company in a research note on Tuesday, November 5th. The Goldman Sachs Group began coverage on shares of UDR in a research note on Wednesday, September 4th. They issued a “sell” rating and a $42.00 target price for the company. Finally, UBS Group upped their price target on shares of UDR from $48.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, September 12th. Two investment 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’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $45.94.

UDR Price Performance

Shares of UDR opened at $43.08 on Thursday. The firm has a market cap of $14.21 billion, a PE ratio of 116.44, a PEG ratio of 12.34 and a beta of 0.87. The firm’s 50 day moving average price is $44.13 and its 200 day moving average price is $43.36. The company has a debt-to-equity ratio of 1.69, a quick ratio of 5.91 and a current ratio of 5.91. UDR has a twelve month low of $34.19 and a twelve month high of $47.55.

Institutional Trading of UDR

Several hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC grew its holdings in shares of UDR by 14.6% during the fourth quarter. GAMMA Investing LLC now owns 8,460 shares of the real estate investment trust’s stock worth $367,000 after buying an additional 1,080 shares in the last quarter. JPMorgan Chase & Co. raised its position in UDR by 5.0% during the third quarter. JPMorgan Chase & Co. now owns 7,774,541 shares of the real estate investment trust’s stock worth $352,498,000 after acquiring an additional 368,087 shares in the last quarter. Inspire Trust Co. N.A. raised its stake in UDR by 12.3% in the third quarter. Inspire Trust Co. N.A. now owns 27,415 shares of the real estate investment trust’s stock valued at $1,243,000 after buying an additional 3,000 shares during the period. Tidal Investments LLC boosted its position in UDR by 25.5% during the third quarter. Tidal Investments LLC now owns 18,053 shares of the real estate investment trust’s stock worth $819,000 after purchasing an additional 3,665 shares during the period. Finally, Unigestion Holding SA bought a new position in UDR in the 3rd quarter valued at about $533,000. 97.84% of the stock is currently owned by institutional investors and hedge funds.

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.