Truist Financial Raises UDR (NYSE:UDR) Price Target to $47.00

UDR (NYSE:UDR) had its price target increased by stock analysts at Truist Financial from $44.00 to $47.00 in a note issued to investors on Monday, Benzinga reports. The firm presently has a “buy” rating on the real estate investment trust’s stock. Truist Financial’s price objective would indicate a potential upside of 8.67% from the company’s previous close.

A number of other equities analysts have also commented on the company. Piper Sandler raised their price target on UDR from $40.00 to $46.00 and gave the stock a “neutral” rating in a report on Monday. Morgan Stanley upped their price objective on shares of UDR from $37.00 to $40.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 14th. UBS Group upped their price objective on shares of UDR from $44.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. JPMorgan Chase & Co. boosted their target price on UDR from $42.00 to $43.00 and gave the company an “overweight” rating in a research note on Monday, June 17th. Finally, BMO Capital Markets upgraded UDR from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $39.00 to $45.00 in a research report on Monday, July 15th. Ten research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $42.59.

UDR Stock Performance

NYSE UDR traded down $0.05 on Monday, hitting $43.25. 343,530 shares of the stock traded hands, compared to its average volume of 2,591,804. The business’s fifty day moving average is $41.16 and its two-hundred day moving average is $38.79. UDR has a 12 month low of $30.95 and a 12 month high of $43.69. The firm has a market capitalization of $14.26 billion, a price-to-earnings ratio of 31.33, a PEG ratio of 9.34 and a beta of 0.83. The company has a debt-to-equity ratio of 1.57, a quick ratio of 5.82 and a current ratio of 5.82.

UDR (NYSE:UDR) last posted its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.53). UDR had a return on equity of 3.70% and a net margin of 8.34%. The company had revenue of $415.30 million during the quarter, compared to the consensus estimate of $413.75 million. During the same period in the previous year, the business earned $0.61 earnings per share. UDR’s revenue was up 2.7% on a year-over-year basis. As a group, equities analysts anticipate that UDR will post 2.46 EPS for the current fiscal year.

Insider Activity

In other news, CEO Thomas W. Toomey sold 90,000 shares of the company’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $39.52, for a total transaction of $3,556,800.00. Following the transaction, the chief executive officer now directly owns 849,716 shares of the company’s stock, valued at $33,580,776.32. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 3.73% of the company’s stock.

Institutional Trading of UDR

A number of hedge funds have recently bought and sold shares of the company. Principal Securities Inc. purchased a new stake in UDR in the fourth quarter worth about $26,000. Fidelis Capital Partners LLC purchased a new stake in UDR in the first quarter worth about $26,000. Family Firm Inc. purchased a new stake in UDR in the second quarter worth about $26,000. Quest Partners LLC purchased a new stake in UDR in the fourth quarter worth about $27,000. Finally, UMB Bank n.a. purchased a new stake in UDR in the second quarter worth about $33,000. Hedge funds and other institutional investors own 97.84% of the company’s stock.

UDR Company Profile

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.