UDR (NYSE:UDR) Given New $49.00 Price Target at Scotiabank

UDR (NYSE:UDR) had its price objective lifted by Scotiabank from $45.00 to $49.00 in a report released on Monday morning, Benzinga reports. They currently have a sector perform rating on the real estate investment trust’s stock.

A number of other research analysts have also weighed in on the company. Wells Fargo & Company raised their price objective on UDR from $41.00 to $48.00 and gave the company an overweight rating in a research report on Monday, August 26th. Royal Bank of Canada cut their price target on UDR from $41.00 to $40.00 and set a sector perform rating for the company in a report on Thursday, August 1st. 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 target price for the company. Piper Sandler increased their target price on UDR from $40.00 to $46.00 and gave the company a neutral rating in a research report on Monday, August 26th. Finally, Evercore ISI increased their target price on UDR from $42.00 to $43.00 and gave the company an in-line rating in a research report on Monday, September 9th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of Hold and an average target price of $44.28.

UDR Stock Down 0.3 %

Shares of UDR opened at $46.98 on Monday. The business’s 50 day moving average is $42.50 and its 200 day moving average is $39.84. The company has a current ratio of 5.82, a quick ratio of 5.82 and a debt-to-equity ratio of 1.57. UDR has a 12-month low of $30.95 and a 12-month high of $47.55. The company has a market capitalization of $15.47 billion, a PE ratio of 34.04, a price-to-earnings-growth ratio of 10.21 and a beta of 0.85.

UDR (NYSE:UDR) last released its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.53). UDR had a net margin of 8.34% and a return on equity of 3.70%. The company had revenue of $415.30 million for the quarter, compared to the consensus estimate of $413.75 million. During the same quarter in the previous year, the business earned $0.61 EPS. The company’s quarterly revenue was up 2.7% on a year-over-year basis. Research analysts expect that UDR will post 2.46 earnings per share for the current fiscal year.

Institutional Trading of UDR

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in UDR by 0.5% in the first quarter. Vanguard Group Inc. now owns 51,063,214 shares of the real estate investment trust’s stock worth $1,910,275,000 after buying an additional 233,475 shares during the last quarter. Presima Securities ULC bought a new position in UDR in the 4th quarter valued at $18,256,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in UDR by 370.6% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 222,940 shares of the real estate investment trust’s stock worth $8,340,000 after purchasing an additional 175,566 shares during the period. Simplicity Wealth LLC bought a new stake in shares of UDR during the second quarter worth $2,135,000. Finally, Hsbc Holdings PLC boosted its stake in shares of UDR by 6.2% during the fourth quarter. Hsbc Holdings PLC now owns 761,659 shares of the real estate investment trust’s stock valued at $29,205,000 after purchasing an additional 44,677 shares during the period. 97.84% of the stock is currently 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.