UDR (NYSE:UDR) Research Coverage Started at The Goldman Sachs Group

Equities research analysts at The Goldman Sachs Group started coverage on shares of UDR (NYSE:UDR) in a report issued on Wednesday, Marketbeat Ratings reports. The firm set a “sell” rating and a $42.00 price target on the real estate investment trust’s stock. The Goldman Sachs Group’s price objective would suggest a potential downside of 5.45% from the stock’s current price.

Several other equities research analysts have also commented on UDR. Morgan Stanley boosted their price objective on UDR from $37.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 14th. Mizuho upped their target price on shares of UDR from $35.00 to $38.00 and gave the stock a “neutral” rating in a report on Thursday, May 30th. Evercore ISI raised their price target on shares of UDR from $40.00 to $42.00 and gave the stock an “in-line” rating in a research note on Wednesday, August 28th. Wedbush upped their price objective 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. Finally, UBS Group boosted their target price on UDR from $44.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $42.82.

UDR Price Performance

Shares of UDR stock opened at $44.42 on Wednesday. The firm has a market cap of $14.65 billion, a PE ratio of 32.19, a P/E/G ratio of 9.76 and a beta of 0.85. UDR has a twelve month low of $30.95 and a twelve month high of $45.10. The company has a quick ratio of 5.82, a current ratio of 5.82 and a debt-to-equity ratio of 1.57. The business has a 50-day moving average price of $41.80 and a 200 day moving average price of $39.29.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in UDR. Hummer Financial Advisory Services Inc lifted its holdings in UDR by 2.9% during the 1st quarter. Hummer Financial Advisory Services Inc now owns 12,057 shares of the real estate investment trust’s stock worth $451,000 after buying an additional 335 shares in the last quarter. Truist Financial Corp lifted its position in shares of UDR by 0.6% during 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 last quarter. Integrity Wealth Solutions LLC grew its stake in shares of UDR by 8.2% during the first quarter. Integrity Wealth Solutions LLC now owns 6,409 shares of the real estate investment trust’s stock worth $240,000 after purchasing an additional 484 shares in the last quarter. Covestor Ltd lifted its holdings in UDR by 18.3% during the 1st quarter. Covestor Ltd now owns 3,336 shares of the real estate investment trust’s stock worth $125,000 after buying an additional 515 shares during the last quarter. Finally, Telos Capital Management Inc. lifted its holdings in UDR by 1.6% during the 1st quarter. Telos Capital Management Inc. now owns 34,759 shares of the real estate investment trust’s stock worth $1,300,000 after buying an additional 547 shares during the last quarter. Institutional investors and hedge funds 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.