UDR (NYSE:UDR) Price Target Raised to $43.00

UDR (NYSE:UDR) had its price target boosted by Evercore ISI from $42.00 to $43.00 in a research report report published on Monday, Benzinga reports. They currently have an in-line rating on the real estate investment trust’s stock.

UDR has been the subject of a number of other reports. Scotiabank lifted their price target on shares of UDR from $43.00 to $45.00 and gave the company a sector perform rating in a research report on Monday, August 26th. Wedbush increased their target price on shares of UDR from $45.00 to $49.00 and gave the company an outperform rating in a research report on Monday, August 5th. UBS Group increased their price objective on UDR from $44.00 to $48.00 and gave the company a buy rating in a report on Thursday, July 18th. The Goldman Sachs Group initiated coverage on shares of UDR in a research note on Wednesday, September 4th. They issued a sell rating and a $42.00 price objective on the stock. Finally, Morgan Stanley boosted their target price on UDR from $37.00 to $40.00 and gave the company an equal weight rating in a report on Tuesday, May 14th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of Hold and an average target price of $43.44.

UDR Price Performance

Shares of NYSE UDR opened at $45.98 on Monday. 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 $15.14 billion, a price-to-earnings ratio of 33.32, a PEG ratio of 9.66 and a beta of 0.85. The firm’s 50 day simple moving average is $42.13 and its 200-day simple moving average is $39.57. UDR has a 12 month low of $30.95 and a 12 month high of $46.03.

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

Hedge Funds Weigh In On UDR

Several large investors have recently added to or reduced their stakes in UDR. Norges Bank acquired a new stake in shares of UDR during the fourth quarter worth approximately $1,065,482,000. Capital Research Global Investors bought a new stake in shares of UDR in the 1st quarter valued at about $176,137,000. Centersquare Investment Management LLC increased its stake 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 valued at $310,807,000 after purchasing an additional 2,145,242 shares in the last quarter. Balyasny Asset Management L.P. bought a new stake in shares of UDR in the 4th quarter valued at $79,897,000. Finally, Millennium Management LLC grew its stake 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 valued at $143,990,000 after acquiring an additional 1,874,096 shares during the period. Institutional investors and hedge funds 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.