UDR (NYSE:UDR) Price Target Raised to $49.00

UDR (NYSE:UDR) had its price target lifted by research analysts at Scotiabank from $48.00 to $49.00 in a research report issued on Friday,Benzinga reports. The firm presently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s target price points to a potential upside of 12.99% from the company’s previous close.

UDR has been the topic of several other research reports. Mizuho reduced their price objective on UDR from $47.00 to $45.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Barclays dropped their target price on UDR from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Jefferies Financial Group cut UDR from a “buy” rating to a “hold” rating and decreased their price target for the company from $50.00 to $45.00 in a report on Thursday, January 2nd. StockNews.com raised UDR from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Finally, Zelman & Associates reaffirmed a “neutral” rating on shares of UDR in a research note on Thursday. One analyst has rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $46.18.

UDR Price Performance

Shares of NYSE:UDR traded up $0.22 during midday trading on Friday, reaching $43.37. The company’s stock had a trading volume of 348,732 shares, compared to its average volume of 1,898,418. The business’s fifty day simple moving average is $42.48 and its 200-day simple moving average is $43.47. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.32 and a quick ratio of 5.91. UDR has a fifty-two week low of $34.76 and a fifty-two week high of $47.55. The company has a market capitalization of $14.31 billion, a P/E ratio of 173.60, a P/E/G ratio of 11.72 and a beta of 0.88.

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, beating the consensus estimate of $0.10 by $0.53. UDR had a net margin of 5.36% and a return on equity of 2.65%. As a group, equities research analysts expect that UDR will post 2.51 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in UDR. Townsquare Capital LLC increased its stake in UDR by 4.8% during the 4th quarter. Townsquare Capital LLC now owns 5,173 shares of the real estate investment trust’s stock worth $225,000 after purchasing an additional 237 shares in the last quarter. Exchange Traded Concepts LLC increased its position in shares of UDR by 8.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 3,330 shares of the real estate investment trust’s stock worth $145,000 after acquiring an additional 269 shares in the last quarter. CWM LLC raised its holdings in shares of UDR by 10.0% during the third quarter. CWM LLC now owns 3,802 shares of the real estate investment trust’s stock worth $172,000 after acquiring an additional 347 shares during the period. Empowered Funds LLC lifted its position in UDR by 7.1% in the 3rd quarter. Empowered Funds LLC now owns 5,246 shares of the real estate investment trust’s stock valued at $238,000 after acquiring an additional 350 shares in the last quarter. Finally, TCV Trust & Wealth Management Inc. boosted its stake in UDR by 8.2% in the 3rd quarter. TCV Trust & Wealth Management Inc. now owns 5,589 shares of the real estate investment trust’s stock worth $253,000 after purchasing an additional 424 shares during the period. 97.84% of the stock is currently owned by 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.