A number of other analysts also recently weighed in on the company. UBS Group restated a buy rating and issued a $52.00 target price on shares of UDR in a research report on Wednesday, August 3rd. Truist Financial lowered their target price on UDR from $53.00 to $50.00 and set a hold rating on the stock in a report on Friday, June 24th. BMO Capital Markets cut UDR from an outperform rating to a market perform rating and set a $54.00 target price for the company. in a research report on Friday, August 19th. Credit Suisse Group started coverage on UDR in a research note on Wednesday, June 22nd. They issued an outperform rating and a $50.00 price objective for the company. Finally, KeyCorp decreased their target price on UDR from $63.00 to $55.00 and set an overweight rating for the company in a research report on Tuesday, June 28th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of Hold and a consensus target price of $55.00.
UDR Stock Performance
Shares of UDR stock opened at $42.30 on Tuesday. UDR has a 52 week low of $42.00 and a 52 week high of $61.06. The firm has a 50 day moving average of $46.64 and a 200-day moving average of $49.76. The company has a quick ratio of 3.45, a current ratio of 3.45 and a debt-to-equity ratio of 1.44. The company has a market cap of $13.74 billion, a price-to-earnings ratio of 88.13, a price-to-earnings-growth ratio of 2.90 and a beta of 0.76.
UDR Dividend Announcement
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the company. Clear Street Markets LLC lifted its holdings in shares of UDR by 412.3% in the second quarter. Clear Street Markets LLC now owns 625 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 503 shares during the last quarter. Dixon Hughes Goodman Wealth Advisors LLC increased its stake in UDR by 111.1% in the 1st quarter. Dixon Hughes Goodman Wealth Advisors LLC now owns 684 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 360 shares during the last quarter. Private Trust Co. NA bought a new position in shares of UDR during the 2nd quarter valued at approximately $52,000. Prospera Financial Services Inc bought a new position in UDR in the 1st quarter valued at $66,000. Finally, Eaton Vance Management boosted its holdings in shares of UDR by 17.0% in the 4th quarter. Eaton Vance Management now owns 5,067 shares of the real estate investment trust’s stock worth $69,000 after purchasing an additional 735 shares in the last quarter. 95.28% of the stock is currently owned by institutional investors.
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.
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