UDR (NYSE:UDR) PT Raised to $45.00

UDR (NYSE:UDR) had its price target upped by research analysts at Wedbush from $40.00 to $45.00 in a report issued on Monday, Benzinga reports. The brokerage presently has an “outperform” rating on the real estate investment trust’s stock. Wedbush’s target price points to a potential upside of 15.47% from the stock’s current price. Wedbush also issued estimates for UDR’s Q2 2024 earnings at $0.62 EPS, Q3 2024 earnings at $0.62 EPS, Q4 2024 earnings at $0.63 EPS and FY2025 earnings at $2.57 EPS.

A number of other brokerages have also recently issued reports on UDR. Mizuho decreased their price objective on shares of UDR from $38.00 to $35.00 and set a “neutral” rating for the company in a report on Wednesday, February 28th. The Goldman Sachs Group began coverage on UDR in a research note on Thursday, February 22nd. They set a “neutral” rating and a $39.00 price objective on the stock. Scotiabank cut UDR from a “sector outperform” rating to a “sector perform” rating and set a $39.00 target price for the company. in a research note on Wednesday, May 1st. Deutsche Bank Aktiengesellschaft assumed coverage on UDR in a report on Tuesday, January 30th. They set a “hold” rating and a $40.00 price objective on the stock. Finally, Wells Fargo & Company upgraded shares of UDR from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $34.00 to $39.00 in a report on Monday, March 4th. Twelve research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $41.72.

UDR Stock Performance

NYSE:UDR opened at $38.97 on Monday. The stock has a market capitalization of $12.83 billion, a P/E ratio of 28.24, a price-to-earnings-growth ratio of 3.06 and a beta of 0.79. UDR has a 1 year low of $30.95 and a 1 year high of $44.02. The firm has a 50 day moving average of $37.08 and a 200-day moving average of $36.07. The company has a current ratio of 6.61, a quick ratio of 6.61 and a debt-to-equity ratio of 1.49.

Institutional Investors Weigh In On UDR

Several institutional investors have recently bought and sold shares of UDR. Principal Securities Inc. acquired a new stake in shares of UDR in the fourth quarter worth $26,000. Fidelis Capital Partners LLC acquired a new stake in UDR during the 1st quarter worth about $26,000. Quest Partners LLC purchased a new position in shares of UDR during the 4th quarter valued at about $27,000. Parkside Financial Bank & Trust lifted its holdings in shares of UDR by 225.7% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,088 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 754 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its stake in shares of UDR by 87.3% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,435 shares of the real estate investment trust’s stock worth $55,000 after buying an additional 669 shares during the last quarter. 97.84% of the stock is currently owned by institutional investors and hedge funds.

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.