UDR (NYSE:UDR) Given “Outperform” Rating at Wedbush

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

UDR has been the subject of several other research reports. Wells Fargo & Company raised shares of UDR from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $34.00 to $39.00 in a research report on Monday, March 4th. Deutsche Bank Aktiengesellschaft began coverage on UDR in a research note on Tuesday, January 30th. They issued a “hold” rating and a $40.00 target price on the stock. The Goldman Sachs Group assumed coverage on UDR in a research report on Thursday, February 22nd. They set a “neutral” rating and a $39.00 price target for the company. Barclays lowered UDR from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $46.00 to $37.00 in a research report on Tuesday, February 20th. Finally, UBS Group upgraded UDR from a “neutral” rating to a “buy” rating and upped their target price for the company from $38.00 to $44.00 in a report on Thursday, April 25th. Eleven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $41.78.

UDR Stock Performance

Shares of UDR stock opened at $38.08 on Monday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 5.15 and a current ratio of 5.15. UDR has a fifty-two week low of $30.95 and a fifty-two week high of $44.02. The company has a market capitalization of $12.54 billion, a P/E ratio of 28.42, a PEG ratio of 3.03 and a beta of 0.80. The stock has a 50 day moving average price of $36.82 and a two-hundred day moving average price of $35.98.

Hedge Funds Weigh In On UDR

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Exchange Traded Concepts LLC increased its position in UDR by 5.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 6,302 shares of the real estate investment trust’s stock valued at $225,000 after buying an additional 299 shares in the last quarter. Czech National Bank increased its holdings in shares of UDR by 44.6% during the third quarter. Czech National Bank now owns 52,979 shares of the real estate investment trust’s stock valued at $1,890,000 after acquiring an additional 16,342 shares in the last quarter. Handelsbanken Fonder AB boosted its stake in UDR by 3.4% in the 3rd quarter. Handelsbanken Fonder AB now owns 180,867 shares of the real estate investment trust’s stock worth $6,452,000 after purchasing an additional 5,937 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in UDR by 15.4% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 101,205 shares of the real estate investment trust’s stock worth $3,610,000 after purchasing an additional 13,500 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC purchased a new stake in UDR during the 3rd quarter valued at about $803,000. Institutional investors own 97.84% of the company’s stock.

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.