UDR (NYSE:UDR) Rating Lowered to Sell at StockNews.com

UDR (NYSE:UDR) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Wednesday.

Several other research firms have also recently issued reports on UDR. UBS Group boosted their target price on UDR from $48.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, September 12th. JPMorgan Chase & Co. lifted their price target on UDR from $43.00 to $50.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. The Goldman Sachs Group started coverage on UDR in a research report on Wednesday, September 4th. They set a “sell” rating and a $42.00 price target on the stock. Truist Financial lifted their price target on UDR from $44.00 to $47.00 and gave the company a “buy” rating in a research report on Monday, August 26th. Finally, Wedbush lifted their price target on UDR from $45.00 to $49.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $45.24.

UDR Price Performance

UDR opened at $43.54 on Wednesday. The company has a debt-to-equity ratio of 1.69, a quick ratio of 5.91 and a current ratio of 5.91. UDR has a 52-week low of $31.87 and a 52-week high of $47.55. The stock has a market capitalization of $14.37 billion, a PE ratio of 117.68, a price-to-earnings-growth ratio of 9.18 and a beta of 0.85. The stock’s 50 day moving average price is $44.62 and its 200-day moving average price is $41.79.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Family Firm Inc. bought a new position in shares of UDR during the second quarter valued at $26,000. Fidelis Capital Partners LLC bought a new position in shares of UDR during the first quarter valued at $26,000. UMB Bank n.a. purchased a new stake in UDR during the second quarter valued at $33,000. Rothschild Investment LLC purchased a new stake in UDR during the second quarter valued at $35,000. Finally, Quest Partners LLC purchased a new stake in UDR during the second quarter valued at $37,000. 97.84% of the stock is owned by institutional investors.

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.