UDR (NYSE:UDR) Research Coverage Started at BNP Paribas

BNP Paribas assumed coverage on shares of UDR (NYSE:UDR) in a research report sent to investors on Wednesday, Marketbeat reports. The brokerage issued an outperform rating and a $49.00 target price on the real estate investment trust’s stock.

A number of other analysts have also recently weighed in on UDR. JPMorgan Chase & Co. upped their price target on UDR from $42.00 to $43.00 and gave the company an overweight rating in a research report on Monday, June 17th. Morgan Stanley upped their target price on shares of UDR from $37.00 to $40.00 and gave the stock an equal weight rating in a report on Tuesday, May 14th. Wells Fargo & Company lifted their price target on shares of UDR from $41.00 to $48.00 and gave the company an overweight rating in a report on Monday, August 26th. Scotiabank upped their price objective on shares of UDR from $43.00 to $45.00 and gave the stock a sector perform rating in a research note on Monday, August 26th. Finally, Truist Financial lifted their target price on shares of UDR from $44.00 to $47.00 and gave the company a buy rating in a research note on Monday, August 26th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, UDR presently has an average rating of Hold and a consensus target price of $43.67.

UDR Trading Up 1.2 %

Shares of UDR stock opened at $47.13 on Wednesday. The company’s fifty day moving average price is $42.37 and its two-hundred day moving average price is $39.70. The firm has a market capitalization of $15.54 billion, a PE ratio of 34.15, a price-to-earnings-growth ratio of 10.08 and a beta of 0.85. UDR has a 52-week low of $30.95 and a 52-week high of $47.22. The company has a debt-to-equity ratio of 1.57, a current ratio of 5.82 and a quick ratio of 5.82.

UDR (NYSE:UDR) last announced its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.53). UDR had a return on equity of 3.70% and a net margin of 8.34%. The business had revenue of $415.30 million for the quarter, compared to the consensus estimate of $413.75 million. During the same quarter in the prior year, the business earned $0.61 EPS. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, analysts expect that UDR will post 2.46 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in UDR. Norges Bank bought a new position in shares of UDR in the fourth quarter valued at about $1,065,482,000. Capital Research Global Investors acquired a new stake in UDR in the first quarter worth about $176,137,000. Centersquare Investment Management LLC increased its position in UDR by 35.9% in the fourth quarter. Centersquare Investment Management LLC now owns 8,117,175 shares of the real estate investment trust’s stock worth $310,807,000 after purchasing an additional 2,145,242 shares during the period. Balyasny Asset Management L.P. acquired a new stake in UDR in the fourth quarter worth about $79,897,000. Finally, Millennium Management LLC increased its position in UDR by 115.3% in the second quarter. Millennium Management LLC now owns 3,499,150 shares of the real estate investment trust’s stock worth $143,990,000 after purchasing an additional 1,874,096 shares during the period. 97.84% of the stock is owned by institutional investors.

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.