JPMorgan Chase & Co. Increases UDR (NYSE:UDR) Price Target to $43.00

UDR (NYSE:UDR) had its price objective hoisted by investment analysts at JPMorgan Chase & Co. from $42.00 to $43.00 in a note issued to investors on Monday, Benzinga reports. The firm currently has an “overweight” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 5.83% from the company’s previous close.

Other analysts have also recently issued reports about the stock. Truist Financial lowered their target price on shares of UDR from $45.00 to $42.00 and set a “buy” rating for the company in a research note on Tuesday, April 9th. Mizuho lifted their price target on shares of UDR from $35.00 to $38.00 and gave the company a “neutral” rating in a report on Thursday, May 30th. Piper Sandler upgraded shares of UDR from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $34.00 to $40.00 in a report on Wednesday, April 10th. Barclays lowered shares of UDR from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $46.00 to $37.00 in a report on Tuesday, February 20th. Finally, Scotiabank lifted their price target on shares of UDR from $39.00 to $42.00 and gave the company a “sector perform” rating in a report on Tuesday, May 14th. Eleven analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $40.59.

UDR Stock Up 0.7 %

UDR stock opened at $40.63 on Monday. The stock has a market capitalization of $13.38 billion, a P/E ratio of 29.44, a PEG ratio of 8.90 and a beta of 0.81. The company has a debt-to-equity ratio of 1.49, a quick ratio of 6.61 and a current ratio of 6.61. UDR has a one year low of $30.95 and a one year high of $44.02. The company has a 50 day moving average price of $38.47 and a two-hundred day moving average price of $37.41.

Insiders Place Their Bets

In other UDR news, CEO Thomas W. Toomey sold 90,000 shares of the business’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $39.52, for a total value of $3,556,800.00. Following the transaction, the chief executive officer now owns 849,716 shares in the company, valued at approximately $33,580,776.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Thomas W. Toomey sold 90,000 shares of the business’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $39.52, for a total value of $3,556,800.00. Following the completion of the sale, the chief executive officer now owns 849,716 shares of the company’s stock, valued at approximately $33,580,776.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Michael D. Lacy sold 4,500 shares of the business’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $38.17, for a total transaction of $171,765.00. Following the completion of the sale, the senior vice president now directly owns 8,566 shares of the company’s stock, valued at approximately $326,964.22. The disclosure for this sale can be found here. 3.73% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On UDR

Several hedge funds and other institutional investors have recently modified their holdings of UDR. Principal Securities Inc. bought a new stake in shares of UDR in the 4th quarter worth about $26,000. Fidelis Capital Partners LLC bought a new stake in shares of UDR during the 1st quarter valued at about $26,000. Quest Partners LLC bought a new stake in shares of UDR during the 4th quarter valued at about $27,000. Parkside Financial Bank & Trust grew its position in shares of UDR by 225.7% during the 3rd quarter. Parkside Financial Bank & Trust now owns 1,088 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 754 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its position in shares of UDR by 87.3% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,435 shares of the real estate investment trust’s stock valued at $55,000 after buying an additional 669 shares during the last quarter. 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.