UDR (NYSE:UDR) Stock Rating Upgraded by UBS Group

UDR (NYSE:UDR) was upgraded by analysts at UBS Group from a “neutral” rating to a “buy” rating in a report released on Thursday, Marketbeat Ratings reports. The brokerage presently has a $44.00 price target on the real estate investment trust’s stock, up from their prior price target of $38.00. UBS Group’s price objective would indicate a potential upside of 16.06% from the stock’s current price.

Several other equities research analysts also recently weighed in on the company. Mizuho reduced their price target on UDR from $38.00 to $35.00 and set a “neutral” rating on the stock in a report on Wednesday, February 28th. Barclays downgraded UDR from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $46.00 to $37.00 in a research report on Tuesday, February 20th. Morgan Stanley reissued an “equal weight” rating and set a $37.00 target price on shares of UDR in a research note on Monday, February 26th. Truist Financial reduced their price target on shares of UDR from $45.00 to $42.00 and set a “buy” rating on the stock in a research note on Tuesday, April 9th. Finally, Piper Sandler raised shares of UDR from an “underweight” rating to a “neutral” rating and boosted their price objective for the company from $34.00 to $40.00 in a research report on Wednesday, April 10th. Eleven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $41.83.

UDR Stock Performance

UDR stock opened at $37.91 on Thursday. The company has a debt-to-equity ratio of 1.47, a current ratio of 5.15 and a quick ratio of 5.15. The firm has a market capitalization of $12.48 billion, a P/E ratio of 28.29, a price-to-earnings-growth ratio of 3.03 and a beta of 0.80. UDR has a 1-year low of $30.95 and a 1-year high of $44.02. The company’s 50-day moving average is $36.73 and its 200 day moving average is $35.96.

Hedge Funds Weigh In On UDR

Large investors have recently bought and sold shares of the business. Exchange Traded Concepts LLC grew its stake in UDR by 5.0% in the third quarter. Exchange Traded Concepts LLC now owns 6,302 shares of the real estate investment trust’s stock valued at $225,000 after purchasing an additional 299 shares during the last quarter. Cerity Partners LLC raised its stake in shares of UDR by 0.3% during the 4th quarter. Cerity Partners LLC now owns 102,605 shares of the real estate investment trust’s stock worth $3,929,000 after acquiring an additional 313 shares in the last quarter. Allworth Financial LP lifted its position in UDR by 20.1% during the fourth quarter. Allworth Financial LP now owns 1,943 shares of the real estate investment trust’s stock valued at $74,000 after acquiring an additional 325 shares during the last quarter. Hummer Financial Advisory Services Inc boosted its stake in UDR by 2.9% in the first quarter. Hummer Financial Advisory Services Inc now owns 12,057 shares of the real estate investment trust’s stock valued at $451,000 after acquiring an additional 335 shares in the last quarter. Finally, Integrity Wealth Solutions LLC grew its holdings in UDR by 8.2% in the first quarter. Integrity Wealth Solutions LLC now owns 6,409 shares of the real estate investment trust’s stock worth $240,000 after purchasing an additional 484 shares during the last quarter. Institutional investors 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.