StockNews.com Downgrades UDR (NYSE:UDR) to Sell

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

Several other equities research analysts have also weighed in on the company. Deutsche Bank Aktiengesellschaft lifted their price target on UDR from $40.00 to $44.00 and gave the company a “hold” rating in a research report on Tuesday, September 10th. Evercore ISI upped their target price on shares of UDR from $42.00 to $43.00 and gave the stock an “in-line” rating in a research report on Monday, September 9th. Royal Bank of Canada lowered their price target on shares of UDR from $46.00 to $45.00 and set a “sector perform” rating for the company in a research report on Tuesday, November 5th. Piper Sandler upped 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. Finally, Wedbush raised their target price on shares of UDR from $45.00 to $49.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Two analysts have rated the stock with a sell rating, eight have assigned 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 price target of $45.18.

UDR Stock Performance

Shares of UDR opened at $44.34 on Tuesday. The company has a 50-day simple moving average of $44.60 and a two-hundred day simple moving average of $42.23. The company has a debt-to-equity ratio of 1.69, a current ratio of 5.91 and a quick ratio of 5.91. The firm has a market capitalization of $14.63 billion, a PE ratio of 120.27, a price-to-earnings-growth ratio of 12.30 and a beta of 0.85. UDR has a one year low of $32.70 and a one year high of $47.55.

Hedge Funds Weigh In On UDR

Several hedge funds and other institutional investors have recently modified their holdings of the company. Capital Research Global Investors bought a new position in shares of UDR in the 1st quarter worth approximately $176,137,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in UDR by 862.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,086,964 shares of the real estate investment trust’s stock worth $139,963,000 after acquiring an additional 2,766,172 shares during the period. Mizuho Securities USA LLC boosted its stake in shares of UDR by 8,460.5% during the 3rd quarter. Mizuho Securities USA LLC now owns 2,000,000 shares of the real estate investment trust’s stock worth $90,680,000 after acquiring an additional 1,976,637 shares during the last quarter. Millennium Management LLC boosted its stake in shares of UDR by 115.3% during the 2nd quarter. Millennium Management LLC now owns 3,499,150 shares of the real estate investment trust’s stock worth $143,990,000 after acquiring an additional 1,874,096 shares during the last quarter. Finally, FMR LLC grew its position in shares of UDR by 14.8% during the 3rd quarter. FMR LLC now owns 11,401,026 shares of the real estate investment trust’s stock valued at $516,923,000 after acquiring an additional 1,471,855 shares during the period. 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.