Barclays Lowers UDR (NYSE:UDR) Price Target to $48.00

UDR (NYSE:UDR) had its target price decreased by equities researchers at Barclays from $50.00 to $48.00 in a report issued on Friday,Benzinga reports. The firm currently has an “overweight” rating on the real estate investment trust’s stock. Barclays‘s target price would indicate a potential upside of 18.14% from the stock’s previous close.

UDR has been the topic of a number of other reports. Mizuho cut their price objective on UDR from $47.00 to $45.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Royal Bank of Canada dropped their price target on shares of UDR from $46.00 to $45.00 and set a “sector perform” rating on the stock in a report on Tuesday, November 5th. Jefferies Financial Group downgraded shares of UDR from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $50.00 to $45.00 in a report on Thursday, January 2nd. StockNews.com cut shares of UDR from a “hold” rating to a “sell” rating in a research note on Thursday, January 2nd. Finally, Scotiabank decreased their price target on shares of UDR from $49.00 to $48.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 14th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $46.06.

UDR Stock Performance

UDR stock opened at $40.63 on Friday. The firm’s fifty day moving average price is $43.35 and its 200-day moving average price is $43.38. The stock has a market cap of $13.41 billion, a P/E ratio of 109.81, a price-to-earnings-growth ratio of 11.03 and a beta of 0.89. UDR has a fifty-two week low of $34.19 and a fifty-two week high of $47.55. The company has a debt-to-equity ratio of 1.69, a quick ratio of 5.91 and a current ratio of 5.91.

Institutional Investors Weigh In On UDR

A number of large investors have recently bought and sold shares of the company. Activest Wealth Management acquired a new stake in shares of UDR during the 3rd quarter worth approximately $27,000. Brooklyn Investment Group purchased a new position in shares of UDR in the third quarter worth about $33,000. Continuum Advisory LLC grew its position in shares of UDR by 5,335.3% in the third quarter. Continuum Advisory LLC now owns 924 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 907 shares in the last quarter. Mather Group LLC. raised its holdings in shares of UDR by 58.2% during the 3rd quarter. Mather Group LLC. now owns 998 shares of the real estate investment trust’s stock worth $45,000 after acquiring an additional 367 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of UDR in the 2nd quarter valued at approximately $54,000. Hedge funds and other institutional investors own 97.84% of the company’s stock.

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.