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

UDR (NYSE:UDR) had its price objective hoisted by Scotiabank from $45.00 to $49.00 in a research note published on Monday, Benzinga reports. They currently have a sector perform rating on the real estate investment trust’s stock.

UDR has been the topic of several other research reports. Wells Fargo & Company boosted their target price on UDR from $41.00 to $48.00 and gave the company an overweight rating in a research note on Monday, August 26th. BMO Capital Markets upgraded UDR from a market perform rating to an outperform rating and boosted their target price for the company from $39.00 to $45.00 in a research note on Monday, July 15th. JPMorgan Chase & Co. boosted their target price on UDR from $43.00 to $50.00 and gave the company an overweight rating in a research note on Monday. The Goldman Sachs Group assumed coverage on UDR in a research note on Wednesday, September 4th. They issued a sell rating and a $42.00 target price on the stock. Finally, Truist Financial boosted their target price on UDR from $44.00 to $47.00 and gave the company a buy rating in a research note on Monday, August 26th. One equities research 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’s stock. According to data from MarketBeat.com, the company currently has an average rating of Hold and a consensus target price of $44.28.

UDR Trading Down 0.4 %

NYSE:UDR opened at $46.19 on Monday. UDR has a fifty-two week low of $30.95 and a fifty-two week high of $47.55. The company has a debt-to-equity ratio of 1.57, a current ratio of 5.82 and a quick ratio of 5.82. The stock has a market capitalization of $15.23 billion, a PE ratio of 33.47, a price-to-earnings-growth ratio of 10.30 and a beta of 0.85. The business’s 50-day simple moving average is $42.72 and its 200-day simple moving average is $39.96.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of UDR during the 2nd quarter worth approximately $54,000. Sanctuary Advisors LLC acquired a new position in shares of UDR during the 2nd quarter worth approximately $488,000. Truist Financial Corp increased its holdings in shares of UDR by 0.6% during the 2nd quarter. Truist Financial Corp now owns 66,673 shares of the real estate investment trust’s stock worth $2,744,000 after acquiring an additional 414 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in shares of UDR during the 2nd quarter worth approximately $586,000. Finally, Creative Planning increased its holdings in shares of UDR by 16.1% during the 2nd quarter. Creative Planning now owns 15,732 shares of the real estate investment trust’s stock worth $647,000 after acquiring an additional 2,181 shares during the last quarter. 97.84% of the stock is 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.