UDR (NYSE:UDR) had its price objective raised by research analysts at KeyCorp from $61.00 to $63.00 in a report issued on Thursday, Analyst Ratings Network reports. The brokerage currently has an “overweight” rating on the real estate investment trust’s stock. KeyCorp’s price target indicates a potential upside of 7.55% from the company’s previous close.
Other equities research analysts have also recently issued reports about the stock. Truist Securities boosted their price target on shares of UDR from $55.00 to $59.00 and gave the stock a “hold” rating in a research report on Monday, December 6th. BTIG Research boosted their price target on shares of UDR from $60.00 to $64.00 and gave the stock a “buy” rating in a research report on Monday, December 13th. Wells Fargo & Company boosted their price objective on UDR from $57.00 to $61.00 and gave the stock an “overweight” rating in a report on Monday, November 22nd. Capital One Financial upgraded UDR from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $58.00 to $64.00 in a report on Tuesday, November 16th. Finally, Zacks Investment Research downgraded UDR from a “buy” rating to a “hold” rating and set a $56.00 price objective on the stock. in a report on Tuesday, September 28th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $59.61.
Shares of UDR stock opened at $58.58 on Thursday. The company has a current ratio of 3.56, a quick ratio of 3.56 and a debt-to-equity ratio of 1.79. The company’s 50-day moving average price is $57.76 and its two-hundred day moving average price is $55.01. UDR has a 52 week low of $37.85 and a 52 week high of $61.06. The stock has a market cap of $18.11 billion, a PE ratio of 292.91, a price-to-earnings-growth ratio of 4.14 and a beta of 0.75.
In other UDR news, SVP Harry G. Alcock sold 17,000 shares of UDR stock in a transaction dated Thursday, November 11th. The stock was sold at an average price of $55.30, for a total transaction of $940,100.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 2.69% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in UDR. Signaturefd LLC grew its stake in shares of UDR by 71.9% in the 3rd quarter. Signaturefd LLC now owns 490 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 205 shares in the last quarter. NuWave Investment Management LLC bought a new stake in shares of UDR in the 3rd quarter valued at approximately $38,000. Evermay Wealth Management LLC bought a new stake in shares of UDR in the 2nd quarter valued at approximately $39,000. NEXT Financial Group Inc grew its stake in shares of UDR by 271.8% in the 3rd quarter. NEXT Financial Group Inc now owns 766 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 560 shares in the last quarter. Finally, Eaton Vance Management grew its stake in shares of UDR by 19.4% in the 3rd quarter. Eaton Vance Management now owns 4,332 shares of the real estate investment trust’s stock valued at $59,000 after buying an additional 703 shares in the last quarter. 96.40% of the stock is owned by institutional investors and hedge funds.
UDR, Inc is a real estate investment trust, which owns, operates, acquires, renovates, develops, redevelops, disposes of, and manages multifamily apartment communities. It engages in the multi-family real estate investment trust business. It operates through the Same-Store Communities and Non-Mature Communities/Other segments.
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