UDR, Inc. (NYSE:UDR) has earned a consensus rating of “Hold” from the seventeen ratings firms that are covering the firm, MarketBeat.com reports. Eleven equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $39.00.
UDR has been the topic of a number of recent analyst reports. BMO Capital Markets reaffirmed a “hold” rating and issued a $41.00 target price on shares of UDR in a research report on Monday, November 27th. SunTrust Banks downgraded shares of UDR from a “buy” rating to a “hold” rating and set a $41.00 target price on the stock. in a research report on Wednesday, November 29th. Evercore ISI raised shares of UDR from an “underperform” rating to an “in-line” rating in a research report on Monday, December 11th. Zacks Investment Research downgraded shares of UDR from a “hold” rating to a “sell” rating in a research report on Saturday, January 6th. Finally, Robert W. Baird reissued a “buy” rating and set a $40.00 price objective on shares of UDR in a research report on Tuesday, January 9th.
UDR (NYSE:UDR) traded up $0.09 during midday trading on Tuesday, hitting $35.41. 2,055,238 shares of the company were exchanged, compared to its average volume of 1,685,184. The company has a debt-to-equity ratio of 1.32, a current ratio of 4.93 and a quick ratio of 4.93. The stock has a market cap of $9,470.00, a P/E ratio of 131.33, a price-to-earnings-growth ratio of 3.27 and a beta of 0.41. UDR has a 1 year low of $32.88 and a 1 year high of $40.71.
In other UDR news, CEO Thomas W. Toomey sold 20,000 shares of the firm’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $39.20, for a total transaction of $784,000.00. Following the transaction, the chief executive officer now directly owns 1,127,925 shares of the company’s stock, valued at approximately $44,214,660. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.07% of the company’s stock.
Large investors have recently modified their holdings of the company. BlackRock Inc. boosted its holdings in shares of UDR by 1.2% in the fourth quarter. BlackRock Inc. now owns 29,344,904 shares of the real estate investment trust’s stock valued at $1,130,365,000 after acquiring an additional 354,311 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH purchased a new stake in shares of UDR in the fourth quarter valued at about $498,000. Aperio Group LLC boosted its holdings in shares of UDR by 3.9% in the fourth quarter. Aperio Group LLC now owns 81,877 shares of the real estate investment trust’s stock valued at $3,154,000 after acquiring an additional 3,042 shares in the last quarter. ING Groep NV boosted its holdings in shares of UDR by 69.1% in the third quarter. ING Groep NV now owns 23,124 shares of the real estate investment trust’s stock valued at $879,000 after acquiring an additional 9,448 shares in the last quarter. Finally, LS Investment Advisors LLC boosted its holdings in shares of UDR by 137.9% in the fourth quarter. LS Investment Advisors LLC now owns 39,822 shares of the real estate investment trust’s stock valued at $1,534,000 after acquiring an additional 23,082 shares in the last quarter. 97.67% of the stock is currently owned by institutional investors and hedge funds.
ILLEGAL ACTIVITY NOTICE: This report was originally posted by BBNS and is owned by of BBNS. If you are viewing this report on another site, it was illegally copied and republished in violation of United States and international copyright and trademark laws. The original version of this report can be viewed at https://baseballnewssource.com/2018/03/14/udr-inc-udr-receives-average-rating-of-hold-from-analysts/2027015.html.
UDR Company Profile
UDR, Inc is a self-administered real estate investment trust. The Company owns, operates, acquires, renovates, develops, redevelops, disposes of and manages multifamily apartment communities generally located in various markets across the United States. The Company’s segments are Same-Store Communities and Non-Mature Communities/Other.
Receive News & Ratings for UDR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UDR and related companies with MarketBeat.com's FREE daily email newsletter.