UDR (NYSE:UDR) PT Raised to $45.00

UDR (NYSE:UDR) had its target price boosted by equities researchers at Wedbush from $40.00 to $45.00 in a report issued on Monday, Benzinga reports. The firm presently has an “outperform” rating on the real estate investment trust’s stock. Wedbush’s price objective 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.

UDR has been the subject of several other research reports. Morgan Stanley restated an “equal weight” rating and set a $37.00 price target on shares of UDR in a report on Monday, February 26th. Piper Sandler upgraded shares of UDR from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $34.00 to $40.00 in a research report on Wednesday, April 10th. UBS Group upgraded shares of UDR from a “neutral” rating to a “buy” rating and increased their price objective for the company from $38.00 to $44.00 in a research report on Thursday, April 25th. Truist Financial reduced their target price on shares of UDR from $45.00 to $42.00 and set a “buy” rating on the stock in a report on Tuesday, April 9th. Finally, 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 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. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $41.72.

UDR Stock Up 0.2 %

UDR opened at $38.97 on Monday. UDR has a fifty-two week low of $30.95 and a fifty-two week high of $44.02. The company has a debt-to-equity ratio of 1.49, a quick ratio of 6.61 and a current ratio of 6.61. The stock has a market cap of $12.83 billion, a price-to-earnings ratio of 28.24, a price-to-earnings-growth ratio of 3.06 and a beta of 0.79. The firm’s fifty day moving average is $37.08 and its 200 day moving average is $36.07.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Norges Bank purchased a new position in shares of UDR in the 4th quarter valued at $1,065,482,000. Cohen & Steers Inc. boosted its position in UDR by 3.8% during the fourth quarter. Cohen & Steers Inc. now owns 26,775,574 shares of the real estate investment trust’s stock valued at $1,025,351,000 after purchasing an additional 984,807 shares in the last quarter. FMR LLC grew its stake 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 purchasing an additional 394,581 shares during the last quarter. Centersquare Investment Management LLC raised its holdings in UDR by 35.9% in the fourth quarter. Centersquare Investment Management LLC now owns 8,117,175 shares of the real estate investment trust’s stock worth $310,807,000 after purchasing an additional 2,145,242 shares in the last quarter. Finally, Daiwa Securities Group Inc. lifted its position in shares of UDR by 22.3% during the first quarter. Daiwa Securities Group Inc. now owns 7,467,881 shares of the real estate investment trust’s stock valued at $279,373,000 after buying an additional 1,359,804 shares during the last quarter. 97.84% of the stock is currently owned by institutional investors.

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.