UDR (NYSE:UDR) Stock Rating Upgraded by StockNews.com

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

UDR has been the topic of several other reports. Jefferies Financial Group cut UDR from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $50.00 to $45.00 in a report on Thursday, January 2nd. Mizuho lowered their price target on UDR from $47.00 to $45.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Scotiabank reduced their price objective on UDR from $49.00 to $48.00 and set a “sector perform” rating for the company in a research note on Thursday, November 14th. Barclays lowered their target price on shares of UDR from $50.00 to $48.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Finally, Royal Bank of Canada reduced their target price on shares of UDR from $46.00 to $45.00 and set a “sector perform” rating for the company in a research report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company. According to MarketBeat, UDR has an average rating of “Hold” and a consensus price target of $46.00.

UDR Trading Down 0.2 %

Shares of UDR stock opened at $42.91 on Thursday. UDR has a 1-year low of $34.19 and a 1-year high of $47.55. The company has a market cap of $14.16 billion, a price-to-earnings ratio of 115.98, a PEG ratio of 11.38 and a beta of 0.88. The company has a debt-to-equity ratio of 1.69, a current ratio of 5.91 and a quick ratio of 5.91. The stock has a 50 day simple moving average of $42.71 and a 200-day simple moving average of $43.43.

UDR (NYSE:UDR) last posted its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.53. UDR had a net margin of 7.68% and a return on equity of 3.57%. On average, equities research analysts expect that UDR will post 2.48 EPS for the current fiscal year.

Institutional Trading of UDR

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Activest Wealth Management acquired a new position in UDR in the third quarter valued at about $27,000. Brooklyn Investment Group purchased a new stake in shares of UDR in the 3rd quarter valued at approximately $33,000. Continuum Advisory LLC raised its stake in shares of UDR by 5,335.3% in the 3rd quarter. Continuum Advisory LLC now owns 924 shares of the real estate investment trust’s stock valued at $41,000 after acquiring an additional 907 shares during the period. Mather Group LLC. lifted its holdings in shares of UDR by 58.2% in the 3rd quarter. Mather Group LLC. now owns 998 shares of the real estate investment trust’s stock worth $45,000 after acquiring an additional 367 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in shares of UDR by 68.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,206 shares of the real estate investment trust’s stock worth $52,000 after purchasing an additional 491 shares during the period. 97.84% of the stock is 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.