UDR (NYSE:UDR) PT Raised to $50.00 at JPMorgan Chase & Co.

UDR (NYSE:UDR) had its price target upped by JPMorgan Chase & Co. from $43.00 to $50.00 in a report released on Monday, Benzinga reports. The brokerage currently has an “overweight” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 7.82% from the company’s current price.

Several other equities research analysts have also recently commented on UDR. BMO Capital Markets upgraded shares of UDR from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $39.00 to $45.00 in a research report on Monday, July 15th. BNP Paribas assumed coverage on shares of UDR in a report on Wednesday, September 11th. They issued an “outperform” rating and a $49.00 target price on the stock. Scotiabank increased their target price on shares of UDR from $43.00 to $45.00 and gave the company a “sector perform” rating in a research note on Monday, August 26th. The Goldman Sachs Group started coverage on shares of UDR in a research report on Wednesday, September 4th. They issued a “sell” rating and a $42.00 price target on the stock. Finally, Evercore ISI lifted their price target on UDR from $42.00 to $43.00 and gave the stock an “in-line” rating in a research note on Monday, September 9th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $44.28.

UDR Price Performance

Shares of UDR opened at $46.38 on Monday. The firm has a market capitalization of $15.27 billion, a price-to-earnings ratio of 33.61, a price-to-earnings-growth ratio of 10.21 and a beta of 0.85. The company has a debt-to-equity ratio of 1.57, a quick ratio of 5.82 and a current ratio of 5.82. The stock’s fifty day moving average is $42.61 and its 200-day moving average is $39.92. UDR has a one year low of $30.95 and a one year high of $47.55.

UDR (NYSE:UDR) last posted its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.53). The company had revenue of $415.30 million for the quarter, compared to analyst estimates 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 prior year, the business earned $0.61 EPS. Equities analysts anticipate that UDR will post 2.46 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in UDR by 0.5% during 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 purchasing an additional 233,475 shares during the period. Presima Securities ULC acquired a new position in UDR in the 4th quarter valued at $18,256,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in shares of UDR by 370.6% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 222,940 shares of the real estate investment trust’s stock valued at $8,340,000 after purchasing an additional 175,566 shares during the last quarter. Simplicity Wealth LLC bought a new position in shares of UDR in the second quarter worth about $2,135,000. Finally, Hsbc Holdings PLC lifted its holdings in shares of 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 buying an additional 44,677 shares during the last quarter. Institutional investors and hedge funds own 97.84% of the company’s stock.

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.