UDR (NYSE:UDR – Get Free Report) 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.
Get Our Latest Stock Analysis on UDR
UDR Stock Up 1.6 %
UDR (NYSE:UDR – Get Free Report) 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.
Featured Articles
- Five stocks we like better than UDR
- What is a Dividend King?
- Matador Resources Insiders Keep Buying Its Stock, Should You?
- How to Calculate Inflation Rate
- Oracle Can Turn the Magnificent 7 Into 8: Here’s Why
- What Does a Stock Split Mean?
- Palantir Stock Is Up 14% on S&P 500 News: Is It Time to Buy?
Receive News & Ratings for UDR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UDR and related companies with MarketBeat.com's FREE daily email newsletter.