UDR (NYSE:UDR) Rating Lowered to “Sell” at StockNews.com

UDR (NYSE:UDR) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.

A number of other research analysts also recently issued reports on UDR. The Goldman Sachs Group assumed coverage on UDR in a research note on Wednesday, September 4th. They set a “sell” rating and a $42.00 price target on the stock. Deutsche Bank Aktiengesellschaft lifted their target price on shares of UDR from $40.00 to $44.00 and gave the company a “hold” rating in a report on Tuesday, September 10th. JPMorgan Chase & Co. lifted their price objective on shares of UDR from $43.00 to $50.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. Barclays assumed coverage on shares of UDR in a research note on Tuesday, December 17th. They set an “overweight” rating and a $50.00 target price for the company. Finally, Scotiabank dropped their price target on UDR from $49.00 to $48.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 14th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $45.94.

UDR Trading Up 1.3 %

UDR opened at $43.08 on Thursday. The company has a debt-to-equity ratio of 1.69, a quick ratio of 5.91 and a current ratio of 5.91. UDR has a one year low of $34.19 and a one year high of $47.55. The company has a market cap of $14.21 billion, a P/E ratio of 116.44, a PEG ratio of 12.34 and a beta of 0.87. The business’s 50-day simple moving average is $44.13 and its 200-day simple moving average is $43.36.

Institutional Investors Weigh In On UDR

Several institutional investors and hedge funds have recently added to or reduced their stakes in UDR. FMR LLC raised its stake in shares of UDR by 14.8% in the 3rd quarter. FMR LLC now owns 11,401,026 shares of the real estate investment trust’s stock valued at $516,923,000 after acquiring an additional 1,471,855 shares during the period. JPMorgan Chase & Co. grew its position in UDR by 5.0% in the third quarter. JPMorgan Chase & Co. now owns 7,774,541 shares of the real estate investment trust’s stock valued at $352,498,000 after acquiring an additional 368,087 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in shares of UDR by 2.3% during the third quarter. Daiwa Securities Group Inc. now owns 7,109,980 shares of the real estate investment trust’s stock valued at $322,366,000 after purchasing an additional 159,625 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of UDR by 2.2% in 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 during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of 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 period. 97.84% of the stock is currently owned by institutional investors and hedge funds.

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.