UDR (NYSE:UDR)‘s stock had its “buy” rating reaffirmed by research analysts at Robert W. Baird in a note issued to investors on Tuesday, January 9th. They presently have a $40.00 target price on the real estate investment trust’s stock. Robert W. Baird’s target price points to a potential upside of 13.64% from the company’s previous close.
Several other equities research analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of UDR from a “hold” rating to a “sell” rating in a research note on Saturday, January 6th. 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 downgraded shares of UDR from a “buy” rating to a “hold” rating and set a $41.00 target price for the company. in a research note on Wednesday, November 29th. BMO Capital Markets restated a “hold” rating and issued a $41.00 target price on shares of UDR in a research note on Monday, November 27th. Finally, Royal Bank of Canada upped their target price on shares of UDR from $39.00 to $40.00 and gave the company a “sector perform” rating in a research note on Wednesday, November 8th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $39.85.
UDR (NYSE:UDR) opened at $35.20 on Tuesday. 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 company has a market cap of $9,781.13 and a P/E ratio of 33.21.
In other UDR news, CEO Thomas W. Toomey sold 20,000 shares of the stock in a transaction on Friday, December 15th. The shares were sold at an average price of $39.20, for a total transaction of $784,000.00. Following the transaction, the chief executive officer now directly owns 1,127,925 shares in the company, valued at approximately $44,214,660. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 3.07% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of UDR. ING Groep NV raised 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. raised 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. Quantitative Investment Management LLC raised 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. State of Alaska Department of Revenue raised its holdings in shares of UDR by 7.8% during the fourth quarter. State of Alaska Department of Revenue now owns 220,259 shares of the real estate investment trust’s stock worth $8,482,000 after purchasing an additional 16,000 shares during the period. Finally, Gateway Investment Advisers LLC raised its holdings in shares of UDR by 22.5% during the fourth quarter. Gateway Investment Advisers LLC now owns 649,504 shares of the real estate investment trust’s stock worth $25,019,000 after purchasing an additional 119,271 shares during the period. Hedge funds and other institutional investors own 96.70% of the company’s stock.
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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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