UDR (NYSE:UDR) Stock Rating Upgraded by StockNews.com

UDR (NYSE:UDR) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Thursday.

Other equities research analysts also recently issued research reports about the stock. Wells Fargo & Company raised their price objective on shares of UDR from $41.00 to $48.00 and gave the stock an “overweight” rating in a research note on Monday, August 26th. The Goldman Sachs Group initiated coverage on shares of UDR in a report on Wednesday, September 4th. They set a “sell” rating and a $42.00 price target for the company. JPMorgan Chase & Co. boosted their price objective on UDR from $43.00 to $50.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. Deutsche Bank Aktiengesellschaft increased their price target on shares of UDR from $40.00 to $44.00 and gave the company a “hold” rating in a research note on Tuesday, September 10th. Finally, Truist Financial boosted their price objective on UDR from $44.00 to $47.00 and gave the stock a “buy” rating in a report on Monday, August 26th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $45.19.

UDR Trading Down 0.8 %

Shares of UDR stock opened at $44.47 on Thursday. The company has a market cap of $14.67 billion, a PE ratio of 121.03, a price-to-earnings-growth ratio of 12.29 and a beta of 0.87. UDR has a 12 month low of $34.19 and a 12 month high of $47.55. The company has a quick ratio of 5.91, a current ratio of 5.91 and a debt-to-equity ratio of 1.69. The business’s 50 day moving average is $44.37 and its two-hundred day moving average is $42.89.

Institutional Investors Weigh In On UDR

A number of hedge funds and other institutional investors have recently bought and sold shares of UDR. Inspire Trust Co. N.A. grew its stake in shares of UDR by 12.3% during the 3rd quarter. Inspire Trust Co. N.A. now owns 27,415 shares of the real estate investment trust’s stock worth $1,243,000 after acquiring an additional 3,000 shares in the last quarter. Tidal Investments LLC boosted its holdings in UDR by 25.5% during the third quarter. Tidal Investments LLC now owns 18,053 shares of the real estate investment trust’s stock worth $819,000 after purchasing an additional 3,665 shares during the last quarter. Unigestion Holding SA bought a new position in UDR in the third quarter valued at $533,000. Toronto Dominion Bank grew its position in UDR by 68.4% in the third quarter. Toronto Dominion Bank now owns 149,826 shares of the real estate investment trust’s stock valued at $6,793,000 after purchasing an additional 60,839 shares in the last quarter. Finally, Continuum Advisory LLC increased its stake in UDR by 5,335.3% in the 3rd quarter. Continuum Advisory LLC now owns 924 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 907 shares during the last quarter. Institutional investors and hedge funds own 97.84% of the company’s stock.

UDR Company Profile

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.