UDR (NYSE:UDR) Price Target Raised to $52.00 at UBS Group

UDR (NYSE:UDR) had its target price upped by UBS Group from $48.00 to $52.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has a buy rating on the real estate investment trust’s stock.

Other research analysts also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft raised their price target on UDR from $40.00 to $44.00 and gave the stock a hold rating in a research note on Tuesday, September 10th. Evercore ISI lifted their target price on UDR from $42.00 to $43.00 and gave the company an in-line rating in a research note on Monday, September 9th. BMO Capital Markets raised UDR from a market perform rating to an outperform rating and raised their price target for the company from $39.00 to $45.00 in a report on Monday, July 15th. Piper Sandler raised their price target on UDR from $40.00 to $46.00 and gave the company a neutral rating in a report on Monday, August 26th. Finally, Wedbush raised their price target on UDR from $45.00 to $49.00 and gave the company an outperform rating in a report on Monday, August 5th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of Hold and a consensus target price of $43.67.

UDR Price Performance

UDR stock opened at $47.13 on Thursday. 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 firm has a market capitalization of $15.52 billion, a P/E ratio of 34.15, a P/E/G ratio of 10.21 and a beta of 0.85. The business’s 50-day moving average is $42.37 and its two-hundred day moving average is $39.76. UDR has a 1 year low of $30.95 and a 1 year high of $47.22.

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

Institutional Investors Weigh In On UDR

A number of institutional investors have recently added to or reduced their stakes in the company. Family Firm Inc. purchased a new stake in shares of UDR in the second quarter worth about $26,000. Principal Securities Inc. purchased a new stake in shares of UDR in the fourth quarter worth about $26,000. Fidelis Capital Partners LLC purchased a new stake in shares of UDR in the first quarter worth about $26,000. Quest Partners LLC purchased a new stake in shares of UDR in the fourth quarter worth about $27,000. Finally, UMB Bank n.a. purchased a new stake in shares of UDR in the second quarter worth about $33,000. Hedge funds and other institutional investors own 97.84% of the company’s stock.

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.