UDR (NYSE:UDR)‘s stock had its “buy” rating reaffirmed by analysts at Robert W. Baird in a report issued on Tuesday. They currently have a $40.00 price target on the real estate investment trust’s stock. Robert W. Baird’s target price would suggest a potential upside of 10.86% from the company’s previous close.
Several other research analysts have also recently weighed in on the stock. Royal Bank of Canada boosted their price target on shares of UDR from $39.00 to $40.00 and gave the company a “sector perform” rating in a research report on Wednesday, November 8th. Evercore ISI upgraded shares of UDR from an “underperform” rating to an “in-line” rating in a research note on Monday, December 11th. SunTrust Banks lowered shares of UDR from a “buy” rating to a “hold” rating and set a $41.00 target price on the stock. in a research note on Wednesday, November 29th. BMO Capital Markets reaffirmed a “hold” rating and issued a $41.00 price target on shares of UDR in a report on Monday, November 27th. Finally, Mizuho reaffirmed a “buy” rating and issued a $43.00 price target on shares of UDR in a report on Monday, November 6th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $40.23.
Shares of UDR (UDR) traded down $0.33 on Tuesday, reaching $36.08. 1,477,778 shares of the company’s stock traded hands, compared to its average volume of 1,447,860. UDR has a 52 week low of $34.41 and a 52 week high of $40.71. The company has a debt-to-equity ratio of 1.31, a quick ratio of 5.45 and a current ratio of 5.45. The firm has a market cap of $9,670.00, a PE ratio of 116.39, a PEG ratio of 3.21 and a beta of 0.39.
In related news, CEO Thomas W. Toomey sold 20,000 shares of the stock in a transaction on Friday, December 15th. The stock was sold at an average price of $39.20, for a total transaction of $784,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,127,925 shares of the company’s stock, valued at $44,214,660. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.07% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Parametric Portfolio Associates LLC lifted its holdings in shares of UDR by 10.4% during the third quarter. Parametric Portfolio Associates LLC now owns 356,028 shares of the real estate investment trust’s stock worth $13,540,000 after purchasing an additional 33,449 shares during the period. Norinchukin Bank The lifted its holdings in shares of UDR by 7.3% during the third quarter. Norinchukin Bank The now owns 19,915 shares of the real estate investment trust’s stock worth $757,000 after purchasing an additional 1,360 shares during the period. ING Groep NV lifted its holdings in shares of UDR by 69.1% during the third quarter. ING Groep NV now owns 23,124 shares of the real estate investment trust’s stock worth $879,000 after purchasing an additional 9,448 shares during the period. WESCAP Management Group Inc. lifted its holdings in shares of UDR by 55.1% during the third quarter. WESCAP Management Group Inc. now owns 10,949 shares of the real estate investment trust’s stock worth $416,000 after purchasing an additional 3,890 shares during the period. Finally, Quantitative Investment Management LLC lifted its holdings in shares of UDR by 429.7% during the second quarter. Quantitative Investment Management LLC now owns 151,500 shares of the real estate investment trust’s stock worth $5,903,000 after purchasing an additional 122,900 shares during the period. 96.52% of the stock is owned by hedge funds and other institutional investors.
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UDR, Inc is a self-administered real estate investment trust. The Company owns, operates, acquires, renovates, develops, redevelops, disposes of and manages multifamily apartment communities generally located in various markets across the United States. The Company’s segments are Same-Store Communities and Non-Mature Communities/Other.
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