UDR (NYSE:UDR) Stock Rating Reaffirmed by Wedbush

UDR (NYSE:UDR)‘s stock had its “outperform” rating reissued by stock analysts at Wedbush in a research note issued on Monday, Benzinga reports. They currently have a $40.00 price target on the real estate investment trust’s stock. Wedbush’s target price suggests a potential upside of 5.04% from the company’s previous close.

Other equities analysts have also recently issued reports about the company. Deutsche Bank Aktiengesellschaft initiated coverage on UDR in a report on Tuesday, January 30th. They issued a “hold” rating and a $40.00 price objective for the company. Barclays lowered shares of UDR from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $46.00 to $37.00 in a report on Tuesday, February 20th. Piper Sandler raised shares of UDR from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $34.00 to $40.00 in a report on Wednesday, April 10th. Wells Fargo & Company raised shares of UDR from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $34.00 to $39.00 in a research note on Monday, March 4th. Finally, Truist Financial lowered their price objective on shares of UDR from $45.00 to $42.00 and set a “buy” rating for the company in a research report on Tuesday, April 9th. Eleven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $41.78.

UDR Stock Down 0.5 %

Shares of UDR opened at $38.08 on Monday. The company has a current ratio of 5.15, a quick ratio of 5.15 and a debt-to-equity ratio of 1.47. The stock has a market capitalization of $12.54 billion, a PE ratio of 28.42, a P/E/G ratio of 3.03 and a beta of 0.80. The firm’s 50 day moving average is $36.82 and its 200-day moving average is $35.98. UDR has a 12 month low of $30.95 and a 12 month high of $44.02.

Hedge Funds Weigh In On UDR

A number of hedge funds have recently modified their holdings of UDR. Norges Bank bought a new position in UDR during the 4th quarter worth $1,065,482,000. Cohen & Steers Inc. lifted its stake in shares of UDR by 3.8% in the fourth quarter. Cohen & Steers Inc. now owns 26,775,574 shares of the real estate investment trust’s stock worth $1,025,351,000 after acquiring an additional 984,807 shares during the period. FMR LLC boosted its holdings in UDR by 3.4% in the third quarter. FMR LLC now owns 12,081,005 shares of the real estate investment trust’s stock valued at $430,929,000 after acquiring an additional 394,581 shares during the last quarter. Centersquare Investment Management LLC increased its position in UDR by 35.9% during the 4th quarter. Centersquare Investment Management LLC now owns 8,117,175 shares of the real estate investment trust’s stock valued at $310,807,000 after purchasing an additional 2,145,242 shares during the period. Finally, Daiwa Securities Group Inc. raised its holdings in UDR by 7.1% during the 4th quarter. Daiwa Securities Group Inc. now owns 6,108,077 shares of the real estate investment trust’s stock worth $233,878,000 after purchasing an additional 403,377 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.