UDR (NYSE:UDR) PT Raised to $50.00 at JPMorgan Chase & Co.

UDR (NYSE:UDR) had its price target hoisted by JPMorgan Chase & Co. from $43.00 to $50.00 in a research report report published on Monday, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the real estate investment trust’s stock.

UDR has been the subject of several other reports. Mizuho raised their price objective on UDR from $35.00 to $38.00 and gave the company a neutral rating in a research note on Thursday, May 30th. The Goldman Sachs Group began coverage on UDR in a research report on Wednesday, September 4th. They issued a sell rating and a $42.00 price target for the company. UBS Group boosted their price objective 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. Wells Fargo & Company increased their price objective on shares of UDR from $41.00 to $48.00 and gave the company an overweight rating in a research note on Monday, August 26th. Finally, BMO Capital Markets upgraded shares of UDR from a market perform rating to an outperform rating and lifted their target price for the stock from $39.00 to $45.00 in a research report on Monday, July 15th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of Hold and an average price target of $44.28.

UDR Stock Performance

NYSE:UDR opened at $46.14 on Monday. The firm’s fifty day simple moving average is $42.83 and its 200-day simple moving average is $40.00. The company has a quick ratio of 5.82, a current ratio of 5.82 and a debt-to-equity ratio of 1.57. The stock has a market cap of $15.22 billion, a PE ratio of 33.44, a price-to-earnings-growth ratio of 10.30 and a beta of 0.85. UDR has a fifty-two week low of $30.95 and a fifty-two week high of $47.55.

UDR (NYSE:UDR) last issued its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.08 earnings per share 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 company had revenue of $415.30 million for the quarter, compared to analyst estimates of $413.75 million. During the same quarter in the previous year, the company posted $0.61 earnings per share. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. Analysts expect that UDR will post 2.46 earnings per share for the current fiscal year.

Institutional Trading of UDR

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Principal Securities Inc. acquired a new stake in shares of UDR during the fourth quarter worth $26,000. Jump Financial LLC purchased a new stake in UDR in the 4th quarter valued at about $373,000. Envestnet Portfolio Solutions Inc. purchased a new stake in UDR in the 4th quarter valued at about $239,000. Vanguard Personalized Indexing Management LLC increased its stake in shares of UDR by 12.3% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 16,084 shares of the real estate investment trust’s stock valued at $616,000 after acquiring an additional 1,767 shares during the last quarter. Finally, Panagora Asset Management Inc. lifted its holdings in shares of UDR by 9.3% during the 4th quarter. Panagora Asset Management Inc. now owns 25,632 shares of the real estate investment trust’s stock worth $981,000 after acquiring an additional 2,187 shares during the period. 97.84% of the stock is owned by hedge funds and other institutional investors.

About UDR

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.