UDR (NYSE:UDR) Price Target Raised to $42.00

UDR (NYSE:UDR) had its target price increased by stock analysts at Evercore ISI from $40.00 to $42.00 in a report issued on Wednesday, Benzinga reports. The firm presently has an “in-line” rating on the real estate investment trust’s stock. Evercore ISI’s price objective would indicate a potential downside of 4.78% from the stock’s current price.

A number of other equities analysts have also recently issued reports on UDR. Wells Fargo & Company boosted their price objective on UDR from $41.00 to $48.00 and gave the company an “overweight” rating in a report on Monday. Truist Financial upped their target price on UDR from $44.00 to $47.00 and gave the stock a “buy” rating in a report on Monday. Piper Sandler upped their target price on UDR from $40.00 to $46.00 and gave the stock a “neutral” rating in a report on Monday. BMO Capital Markets upgraded UDR from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $39.00 to $45.00 in a report on Monday, July 15th. Finally, Mizuho boosted their price target on UDR from $35.00 to $38.00 and gave the stock a “neutral” rating in a research report on Thursday, May 30th. Eleven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $42.65.

UDR Stock Performance

NYSE:UDR opened at $44.11 on Wednesday. The company has a debt-to-equity ratio of 1.57, a current ratio of 5.82 and a quick ratio of 5.82. UDR has a 1 year low of $30.95 and a 1 year high of $44.51. The stock’s 50 day simple moving average is $41.42 and its two-hundred day simple moving average is $38.97. The company has a market cap of $14.55 billion, a price-to-earnings ratio of 31.96, a PEG ratio of 9.49 and a beta of 0.83.

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 analysts’ consensus estimates of $0.61 by ($0.53). The firm had revenue of $415.30 million during the quarter, compared to the consensus estimate of $413.75 million. UDR had a return on equity of 3.70% and a net margin of 8.34%. The business’s revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.61 EPS. As a group, equities analysts anticipate that UDR will post 2.46 earnings per share for the current fiscal year.

Insider Buying and Selling at UDR

In other UDR news, CEO Thomas W. Toomey sold 90,000 shares of the business’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $39.52, for a total transaction of $3,556,800.00. Following the sale, the chief executive officer now owns 849,716 shares in the company, valued at approximately $33,580,776.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 3.73% of the company’s stock.

Institutional Trading of UDR

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of 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 purchased a new position in UDR during the fourth quarter worth approximately $18,256,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in UDR by 370.6% during 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 in the last quarter. Simplicity Wealth LLC purchased a new position in UDR during the second quarter worth approximately $2,135,000. Finally, Hsbc Holdings PLC boosted its position in UDR by 6.2% during the fourth quarter. Hsbc Holdings PLC now owns 761,659 shares of the real estate investment trust’s stock worth $29,205,000 after purchasing an additional 44,677 shares in the last quarter. Hedge funds and other institutional investors 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.