UDR (NYSE:UDR) Upgraded by StockNews.com to Hold Rating

UDR (NYSE:UDR) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Saturday.

A number of other research firms have also recently commented on UDR. Deutsche Bank Aktiengesellschaft lifted their price target on shares of UDR from $40.00 to $44.00 and gave the stock a “hold” rating in a research note on Tuesday, September 10th. The Goldman Sachs Group assumed coverage on UDR in a research report on Wednesday, September 4th. They set a “sell” rating and a $42.00 target price for the company. Royal Bank of Canada reduced their price target on UDR from $46.00 to $45.00 and set a “sector perform” rating on the stock in a report on Tuesday, November 5th. Evercore ISI raised 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. Finally, Wells Fargo & Company upped their price objective on UDR from $41.00 to $48.00 and gave the company an “overweight” rating in a research report on Monday, August 26th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, UDR has a consensus rating of “Hold” and a consensus target price of $46.00.

UDR Stock Up 2.5 %

Shares of UDR opened at $43.46 on Friday. The company has a quick ratio of 5.91, a current ratio of 5.91 and a debt-to-equity ratio of 1.69. The business has a fifty day moving average of $44.34 and a 200 day moving average of $43.16. The company has a market cap of $14.34 billion, a PE ratio of 117.46, a P/E/G ratio of 12.34 and a beta of 0.87. UDR has a 52-week low of $34.19 and a 52-week high of $47.55.

Hedge Funds Weigh In On UDR

Several institutional investors have recently bought and sold shares of the business. FMR LLC lifted its holdings in UDR by 14.8% during the third quarter. FMR LLC now owns 11,401,026 shares of the real estate investment trust’s stock worth $516,923,000 after buying an additional 1,471,855 shares during the period. Daiwa Securities Group Inc. lifted its stake in shares of UDR by 2.3% during the 3rd quarter. Daiwa Securities Group Inc. now owns 7,109,980 shares of the real estate investment trust’s stock worth $322,366,000 after purchasing an additional 159,625 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in UDR by 2.2% during the second quarter. Dimensional Fund Advisors LP now owns 4,732,429 shares of the real estate investment trust’s stock valued at $194,737,000 after purchasing an additional 103,384 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in UDR by 2.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,272,032 shares of the real estate investment trust’s stock valued at $193,694,000 after purchasing an additional 117,213 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in UDR by 115.3% in the second quarter. Millennium Management LLC now owns 3,499,150 shares of the real estate investment trust’s stock worth $143,990,000 after purchasing an additional 1,874,096 shares in the last quarter. 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.