Barclays Lowers UDR (NYSE:UDR) Price Target to $56.00

UDR (NYSE:UDRGet Rating) had its price objective reduced by equities researchers at Barclays from $63.00 to $56.00 in a research note issued on Tuesday, The Fly reports. Barclays‘s price objective would indicate a potential upside of 17.43% from the stock’s current price.

UDR has been the topic of a number of other reports. Mizuho lowered their target price on UDR from $61.00 to $60.00 and set a “buy” rating on the stock in a research note on Wednesday, February 16th. TheStreet lowered UDR from a “b-” rating to a “c+” rating in a report on Tuesday, April 26th. Piper Sandler decreased their price objective on UDR from $63.00 to $57.00 in a report on Wednesday, May 4th. Wolfe Research raised UDR from a “peer perform” rating to an “outperform” rating in a report on Tuesday, March 15th. Finally, StockNews.com assumed coverage on UDR in a report on Thursday, March 31st. They issued a “hold” rating for the company. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $59.68.

NYSE UDR opened at $47.69 on Tuesday. The stock has a market capitalization of $15.18 billion, a price-to-earnings ratio of 93.51, a PEG ratio of 2.41 and a beta of 0.76. UDR has a one year low of $44.68 and a one year high of $61.06. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.30 and a quick ratio of 0.30. The business’s fifty day moving average is $56.58 and its 200-day moving average is $56.75.

UDR (NYSE:UDRGet Rating) last released its earnings results on Tuesday, April 26th. The real estate investment trust reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.51). UDR had a return on equity of 4.79% and a net margin of 11.93%. During the same period in the prior year, the firm earned $0.47 EPS. Research analysts expect that UDR will post 2.29 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the company. Envestnet Asset Management Inc. grew its holdings in shares of UDR by 12.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 123,151 shares of the real estate investment trust’s stock worth $7,388,000 after purchasing an additional 13,842 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in shares of UDR by 8.3% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 336,012 shares of the real estate investment trust’s stock worth $20,157,000 after purchasing an additional 25,850 shares in the last quarter. Inspire Investing LLC purchased a new position in shares of UDR during the third quarter worth about $2,138,000. Dupont Capital Management Corp grew its holdings in shares of UDR by 19.8% during the fourth quarter. Dupont Capital Management Corp now owns 35,641 shares of the real estate investment trust’s stock worth $2,138,000 after purchasing an additional 5,885 shares in the last quarter. Finally, Desjardins Global Asset Management Inc. purchased a new position in shares of UDR during the fourth quarter worth about $58,000. 96.39% of the stock is owned by institutional investors.

UDR Company Profile (Get Rating)

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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