Evercore ISI Increases UDR (NYSE:UDR) Price Target to $43.00

UDR (NYSE:UDR) had its price target hoisted by research analysts at Evercore ISI from $42.00 to $43.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has an “in-line” rating on the real estate investment trust’s stock. Evercore ISI’s price target points to a potential downside of 5.68% from the company’s previous close.

A number of other equities research analysts have also weighed in on UDR. BMO Capital Markets upgraded shares of UDR from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $39.00 to $45.00 in a report on Monday, July 15th. Piper Sandler lifted their price target on shares of UDR from $40.00 to $46.00 and gave the company a “neutral” rating in a research note on Monday, August 26th. Truist Financial increased their price objective on UDR from $44.00 to $47.00 and gave the stock a “buy” rating in a research note on Monday, August 26th. Wedbush lifted their target price on UDR from $45.00 to $49.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Finally, Royal Bank of Canada lowered their target price on UDR from $41.00 to $40.00 and set a “sector perform” rating for the company in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $43.12.

UDR Stock Up 2.4 %

Shares of NYSE:UDR opened at $45.59 on Monday. The firm has a market capitalization of $15.04 billion, a PE ratio of 33.04, a price-to-earnings-growth ratio of 9.66 and a beta of 0.85. The business has a 50 day simple moving average of $42.02 and a two-hundred day simple moving average of $39.52. UDR has a 1 year low of $30.95 and a 1 year high of $45.67. 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 (NYSE:UDR) last posted 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 business had revenue of $415.30 million for the quarter, compared to analysts’ expectations of $413.75 million. UDR had a net margin of 8.34% and a return on equity of 3.70%. UDR’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.61 EPS. On average, equities analysts predict that UDR will post 2.46 EPS for the current year.

Hedge Funds Weigh In On UDR

Several institutional investors and hedge funds have recently bought and sold shares of UDR. Principal Securities Inc. purchased a new stake in shares of UDR during the fourth quarter worth about $26,000. Fidelis Capital Partners LLC purchased a new stake in UDR during the 1st quarter worth approximately $26,000. Family Firm Inc. purchased a new stake in UDR during the 2nd quarter worth approximately $26,000. Quest Partners LLC acquired a new position in UDR during the 4th quarter valued at approximately $27,000. Finally, UMB Bank n.a. purchased a new position in shares of UDR in the second quarter worth $33,000. 97.84% of the stock is owned by hedge funds and other 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.