UDR (NYSE:UDR) Given New $52.00 Price Target at UBS Group

UDR (NYSE:UDR) had its price target upped by equities research analysts at UBS Group from $48.00 to $52.00 in a research report issued on Thursday, Benzinga reports. The firm currently has a “buy” rating on the real estate investment trust’s stock. UBS Group’s price objective suggests a potential upside of 10.33% from the company’s current price.

A number of other research analysts have also weighed in on the stock. Piper Sandler raised 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. Wells Fargo & Company raised their target price on UDR from $41.00 to $48.00 and gave the company an “overweight” rating in a research report on Monday, August 26th. JPMorgan Chase & Co. boosted their price target on UDR from $42.00 to $43.00 and gave the stock an “overweight” rating in a research report on Monday, June 17th. Royal Bank of Canada decreased their price objective on UDR from $41.00 to $40.00 and set a “sector perform” rating on the stock in a report on Thursday, August 1st. Finally, BNP Paribas initiated coverage on shares of UDR in a report on Wednesday. They set an “outperform” rating and a $49.00 target price for the company. One analyst has rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $43.67.

UDR Stock Up 1.2 %

Shares of UDR opened at $47.13 on Thursday. The firm has a market cap of $15.54 billion, a P/E ratio of 34.15, a PEG ratio of 10.08 and a beta of 0.85. UDR has a 12 month low of $30.95 and a 12 month high of $47.22. The stock’s 50 day moving average is $42.37 and its two-hundred day moving average is $39.70. 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 (NYSE:UDR) last issued its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported $0.08 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.53). The company had revenue of $415.30 million during the quarter, compared to analysts’ expectations of $413.75 million. UDR had a return on equity of 3.70% and a net margin of 8.34%. UDR’s revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.61 EPS. Analysts predict that UDR will post 2.46 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Principal Securities Inc. purchased a new stake in UDR in the fourth quarter valued at $26,000. Fidelis Capital Partners LLC purchased a new stake in UDR in the 1st quarter valued at about $26,000. Family Firm Inc. acquired a new position in UDR in the second quarter valued at about $26,000. Quest Partners LLC purchased a new position in UDR during the fourth quarter worth about $27,000. Finally, UMB Bank n.a. acquired a new stake in shares of UDR during the second quarter valued at about $33,000. 97.84% of the stock is currently owned by institutional investors and hedge funds.

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.