UDR (NYSE:UDR) Research Coverage Started at BNP Paribas

Equities researchers at BNP Paribas began coverage on shares of UDR (NYSE:UDR) in a research report issued on Wednesday, Briefing.com reports. The brokerage set an “outperform” rating and a $49.00 price target on the real estate investment trust’s stock. BNP Paribas’ target price would indicate a potential upside of 7.48% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of UDR from $40.00 to $44.00 and gave the stock a “hold” rating in a report on Tuesday. Evercore ISI boosted their price target on UDR from $42.00 to $43.00 and gave the stock an “in-line” rating in a research note on Monday. JPMorgan Chase & Co. raised their price objective on UDR from $42.00 to $43.00 and gave the company an “overweight” rating in a research note on Monday, June 17th. Wells Fargo & Company boosted their target price on UDR from $41.00 to $48.00 and gave the stock an “overweight” rating in a research report on Monday, August 26th. Finally, The Goldman Sachs Group assumed coverage on UDR in a research report on Wednesday, September 4th. They issued a “sell” rating and a $42.00 price target for the company. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $43.44.

UDR Price Performance

Shares of UDR opened at $45.59 on Wednesday. The company has a current ratio of 5.82, a quick ratio of 5.82 and a debt-to-equity ratio of 1.57. The stock’s 50 day moving average is $42.02 and its two-hundred day moving average is $39.52. The firm has a market capitalization of $15.01 billion, a PE ratio of 33.04, a P/E/G ratio of 9.66 and a beta of 0.85. UDR has a twelve month low of $30.95 and a twelve month high of $45.67.

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

Institutional Investors Weigh In On UDR

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in UDR by 0.5% during the first quarter. Vanguard Group Inc. now owns 51,063,214 shares of the real estate investment trust’s stock worth $1,910,275,000 after buying an additional 233,475 shares during the period. Norges Bank purchased a new stake in UDR in the fourth quarter valued at approximately $1,065,482,000. Cohen & Steers Inc. increased 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 worth $1,025,351,000 after purchasing an additional 984,807 shares during the last quarter. Centersquare Investment Management LLC raised its stake in UDR by 17.7% during the first quarter. Centersquare Investment Management LLC now owns 9,550,638 shares of the real estate investment trust’s stock worth $363,688,000 after purchasing an additional 1,433,463 shares during the period. Finally, Daiwa Securities Group Inc. boosted its holdings in shares of UDR by 22.3% in the 1st 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 purchasing an additional 1,359,804 shares during the last quarter. Hedge funds and other 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.