Barclays Begins Coverage on UDR (NYSE:UDR)

Stock analysts at Barclays started coverage on shares of UDR (NYSE:UDR) in a research report issued on Tuesday, MarketBeat reports. The firm set an “overweight” rating and a $50.00 price target on the real estate investment trust’s stock. Barclays‘s price objective suggests a potential upside of 16.41% from the company’s previous close.

Other analysts have also issued research reports about the company. StockNews.com raised UDR from a “sell” rating to a “hold” rating in a research note on Thursday, December 12th. Truist Financial lifted their price objective on UDR from $44.00 to $47.00 and gave the company a “buy” rating in a research report on Monday, August 26th. JPMorgan Chase & Co. upped their target price on shares of UDR from $43.00 to $50.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. BNP Paribas started coverage on UDR in a research note on Wednesday, September 11th. They issued an “outperform” rating and a $49.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of UDR from $40.00 to $44.00 and gave the company a “hold” rating in a research note on Tuesday, September 10th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $46.00.

UDR Price Performance

Shares of UDR stock opened at $42.95 on Tuesday. The company has a fifty day moving average of $44.36 and a 200-day moving average of $43.08. 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 52-week low of $34.19 and a 52-week high of $47.55. The stock has a market capitalization of $14.17 billion, a price-to-earnings ratio of 116.08, a price-to-earnings-growth ratio of 12.34 and a beta of 0.87.

Institutional Trading of UDR

Several large investors have recently modified their holdings of UDR. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of UDR by 25.9% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 7,847 shares of the real estate investment trust’s stock worth $323,000 after buying an additional 1,612 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in shares of UDR by 17.1% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 7,204 shares of the real estate investment trust’s stock worth $296,000 after acquiring an additional 1,050 shares during the last quarter. Blue Trust Inc. grew its position in shares of UDR by 1,018.3% during the 2nd quarter. Blue Trust Inc. now owns 1,040 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 947 shares during the period. Fifth Third Bancorp increased its stake in shares of UDR by 5.9% in the 2nd quarter. Fifth Third Bancorp now owns 20,091 shares of the real estate investment trust’s stock worth $827,000 after purchasing an additional 1,117 shares in the last quarter. Finally, GYL Financial Synergies LLC raised its holdings in UDR by 12.4% in the 2nd quarter. GYL Financial Synergies LLC now owns 56,149 shares of the real estate investment trust’s stock worth $2,311,000 after purchasing an additional 6,198 shares during the period. Institutional investors 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.