UDR (NYSE:UDR) PT Raised to $63.00

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.

UDR (NYSE:UDR) last issued its quarterly earnings results on Tuesday, October 26th. The real estate investment trust reported $0.06 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.45). UDR had a return on equity of 1.56% and a net margin of 4.75%. The business had revenue of $328.70 million during the quarter, compared to the consensus estimate of $319.11 million. During the same quarter last year, the firm posted $0.50 earnings per share. UDR’s revenue was up 6.4% compared to the same quarter last year. On average, equities analysts predict that UDR will post 2.01 EPS for the current fiscal year.

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.

About UDR

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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Analyst Recommendations for UDR (NYSE:UDR)

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