UDR (NYSE:UDR) Coverage Initiated at Barclays

Equities research analysts at Barclays initiated coverage on shares of UDR (NYSE:UDR) in a research report issued on Tuesday, MarketBeat.com reports. The firm set an “overweight” rating and a $50.00 price target on the real estate investment trust’s stock. Barclays‘s target price indicates a potential upside of 16.41% from the company’s current price.

Other research analysts also recently issued research reports about the stock. StockNews.com upgraded shares of UDR from a “sell” rating to a “hold” rating in a research report on Thursday, December 12th. Evercore ISI boosted their target price on shares of UDR from $42.00 to $43.00 and gave the company an “in-line” rating in a report on Monday, September 9th. The Goldman Sachs Group initiated coverage on shares of UDR in a research report on Wednesday, September 4th. They set a “sell” rating and a $42.00 price target on the stock. Royal Bank of Canada lowered their price objective on UDR from $46.00 to $45.00 and set a “sector perform” rating for the company in a research report on Tuesday, November 5th. Finally, Piper Sandler upped their target price on UDR from $40.00 to $46.00 and gave the company a “neutral” rating in a research report on Monday, August 26th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $46.00.

UDR Trading Down 3.3 %

Shares of UDR stock opened at $42.95 on Tuesday. UDR has a 1-year low of $34.19 and a 1-year high of $47.55. The company has a current ratio of 5.91, a quick ratio of 5.91 and a debt-to-equity ratio of 1.69. The stock has a market cap of $14.17 billion, a price-to-earnings ratio of 116.08, a PEG ratio of 12.34 and a beta of 0.87. The stock has a 50-day moving average of $44.36 and a 200-day moving average of $43.08.

Institutional Trading of UDR

Hedge funds and other institutional investors have recently bought and sold shares of the business. International Assets Investment Management LLC grew its holdings in UDR by 4,436.2% during the third quarter. International Assets Investment Management LLC now owns 44,228 shares of the real estate investment trust’s stock worth $2,005,000 after buying an additional 43,253 shares in the last quarter. Los Angeles Capital Management LLC increased its holdings in UDR by 1,665.3% in the 3rd quarter. Los Angeles Capital Management LLC now owns 369,448 shares of the real estate investment trust’s stock worth $16,751,000 after acquiring an additional 348,520 shares during the last quarter. MQS Management LLC bought a new stake in shares of UDR in the third quarter valued at approximately $712,000. Millennium Management LLC raised its holdings in UDR by 115.3% during the 2nd 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. Finally, BSN CAPITAL PARTNERS Ltd bought a new stake in shares of UDR during the 3rd quarter valued at $10,987,000. 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.