UDR (NYSE:UDR) Upgraded by StockNews.com to Hold Rating

UDR (NYSE:UDR) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Saturday.

Other analysts have also issued research reports about the company. UBS Group raised their price target on UDR from $48.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, September 12th. Piper Sandler raised their price objective on shares of UDR from $40.00 to $46.00 and gave the stock a “neutral” rating in a report on Monday, August 26th. Evercore ISI upped their target price on UDR from $42.00 to $43.00 and gave the stock an “in-line” rating in a report on Monday, September 9th. Truist Financial raised their target price on UDR from $44.00 to $47.00 and gave the company a “buy” rating in a research note on Monday, August 26th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of UDR from $40.00 to $44.00 and gave the company a “hold” rating in a research report on Tuesday, September 10th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, UDR currently has a consensus rating of “Hold” and an average price target of $46.00.

UDR Trading Up 2.5 %

NYSE:UDR opened at $43.46 on Friday. The firm has a market capitalization of $14.34 billion, a P/E ratio of 117.46, a P/E/G ratio of 12.34 and a beta of 0.87. UDR has a 52 week low of $34.19 and a 52 week 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 company has a fifty day moving average of $44.34 and a 200 day moving average of $43.11.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of UDR. CWM LLC raised its position in UDR by 10.0% in the third quarter. CWM LLC now owns 3,802 shares of the real estate investment trust’s stock worth $172,000 after acquiring an additional 347 shares during the period. Empowered Funds LLC grew its position in shares of UDR by 7.1% during the 3rd quarter. Empowered Funds LLC now owns 5,246 shares of the real estate investment trust’s stock valued at $238,000 after acquiring an additional 350 shares during the period. Mather Group LLC. increased its stake in shares of UDR by 58.2% in the 3rd quarter. Mather Group LLC. now owns 998 shares of the real estate investment trust’s stock worth $45,000 after purchasing an additional 367 shares in the last quarter. Truist Financial Corp raised its holdings in UDR by 0.6% in the 2nd quarter. Truist Financial Corp now owns 66,673 shares of the real estate investment trust’s stock worth $2,744,000 after purchasing an additional 414 shares during the period. Finally, TCV Trust & Wealth Management Inc. lifted its position in UDR by 8.2% during the third quarter. TCV Trust & Wealth Management Inc. now owns 5,589 shares of the real estate investment trust’s stock valued at $253,000 after purchasing an additional 424 shares in the last quarter. 97.84% of the stock is owned by hedge funds and other 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.