UDR (NYSE:UDR) Price Target Raised to $45.00 at Evercore ISI

UDR (NYSE:UDR) had its price target upped by equities research analysts at Evercore ISI from $43.00 to $45.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an “in-line” rating on the real estate investment trust’s stock. Evercore ISI’s price objective points to a potential upside of 5.78% from the stock’s current price.

UDR has been the topic of several other research reports. Scotiabank reduced their price target on shares of UDR from $49.00 to $48.00 and set a “sector perform” rating on the stock in a report on Thursday, November 14th. Mizuho lowered their target price on UDR from $47.00 to $45.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Barclays cut their target price on shares of UDR from $50.00 to $48.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Wells Fargo & Company lowered their price target on shares of UDR from $48.00 to $45.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Finally, Jefferies Financial Group downgraded shares of UDR from a “buy” rating to a “hold” rating and reduced their price objective for the company from $50.00 to $45.00 in a research note on Thursday, January 2nd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, UDR has an average rating of “Hold” and an average target price of $46.12.

UDR Price Performance

Shares of NYSE:UDR traded down $0.36 on Monday, reaching $42.54. 304,667 shares of the company were exchanged, compared to its average volume of 1,953,144. The company has a current ratio of 1.32, a quick ratio of 5.91 and a debt-to-equity ratio of 1.71. UDR has a 1-year low of $34.19 and a 1-year high of $47.55. The company has a 50-day moving average of $42.65 and a 200-day moving average of $43.46. The firm has a market cap of $14.04 billion, a price-to-earnings ratio of 170.16, a price-to-earnings-growth ratio of 11.72 and a beta of 0.88.

UDR (NYSE:UDR) last posted its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.53. UDR had a return on equity of 2.65% and a net margin of 5.36%. Equities analysts forecast that UDR will post 2.51 earnings per share for the current fiscal year.

Institutional Trading of UDR

Several large investors have recently added to or reduced their stakes in UDR. FMR LLC increased its stake in UDR by 14.8% during the third quarter. FMR LLC now owns 11,401,026 shares of the real estate investment trust’s stock valued at $516,923,000 after purchasing an additional 1,471,855 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of UDR by 5.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,774,541 shares of the real estate investment trust’s stock valued at $352,498,000 after buying an additional 368,087 shares during the period. Daiwa Securities Group Inc. raised its stake in UDR by 2.3% during the third quarter. Daiwa Securities Group Inc. now owns 7,109,980 shares of the real estate investment trust’s stock worth $322,366,000 after acquiring an additional 159,625 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in UDR by 2.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,367,054 shares of the real estate investment trust’s stock valued at $189,574,000 after acquiring an additional 95,022 shares during the period. Finally, PGGM Investments lifted its holdings in shares of UDR by 7.8% in the 4th quarter. PGGM Investments now owns 3,163,812 shares of the real estate investment trust’s stock worth $137,341,000 after purchasing an additional 228,342 shares during the last quarter. 97.84% of the stock is currently owned by institutional investors and hedge funds.

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.