Evercore ISI Forecasts Strong Price Appreciation for UDR (NYSE:UDR) Stock

UDR (NYSE:UDR) had its price objective upped by research analysts at Evercore ISI from $43.00 to $45.00 in a research report issued on Monday,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 upside of 5.23% from the stock’s previous close.

A number of other research analysts also recently issued reports on UDR. Royal Bank of Canada boosted their target price on shares of UDR from $43.00 to $44.00 and gave the company a “sector perform” rating in a research report on Friday, February 7th. Scotiabank reduced their target price on UDR from $49.00 to $48.00 and set a “sector perform” rating for the company in a report on Thursday, November 14th. Mizuho dropped their price objective on shares of UDR from $47.00 to $45.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. StockNews.com raised shares of UDR from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Finally, Barclays cut their target price on UDR from $50.00 to $48.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $46.12.

UDR Price Performance

NYSE UDR opened at $42.76 on Monday. The firm’s 50 day moving average price is $42.60 and its 200-day moving average price is $43.47. UDR has a 52-week low of $34.19 and a 52-week high of $47.55. The company has a debt-to-equity ratio of 1.71, a quick ratio of 5.91 and a current ratio of 1.32. The company has a market cap of $14.11 billion, a PE ratio of 171.06, a P/E/G ratio of 11.72 and a beta of 0.88.

UDR (NYSE:UDR) last released its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.53. UDR had a net margin of 5.36% and a return on equity of 2.65%. Sell-side analysts forecast that UDR will post 2.51 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Activest Wealth Management acquired a new stake in shares of UDR during the third quarter worth $27,000. Brooklyn Investment Group acquired a new stake in UDR in the 3rd quarter worth about $33,000. Continuum Advisory LLC grew its holdings in UDR by 5,335.3% in the 3rd quarter. Continuum Advisory LLC now owns 924 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 907 shares during the period. Mather Group LLC. increased its stake in shares of UDR by 58.2% during the 3rd quarter. Mather Group LLC. now owns 998 shares of the real estate investment trust’s stock valued at $45,000 after acquiring an additional 367 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of UDR by 68.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,206 shares of the real estate investment trust’s stock worth $52,000 after acquiring an additional 491 shares during the period. 97.84% of the stock is owned by hedge funds and other institutional investors.

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.