Deutsche Bank Aktiengesellschaft Raises UDR (NYSE:UDR) Price Target to $44.00

UDR (NYSE:UDR) had its target price increased by Deutsche Bank Aktiengesellschaft from $40.00 to $44.00 in a research note issued to investors on Tuesday morning, Benzinga reports. They currently have a hold rating on the real estate investment trust’s stock.

UDR has been the topic of a number of other reports. Scotiabank upped their target price on shares of UDR from $43.00 to $45.00 and gave the stock a sector perform rating in a research note on Monday, August 26th. UBS Group boosted their price target on UDR from $44.00 to $48.00 and gave the stock a buy rating in a research report on Thursday, July 18th. Wedbush raised their price objective on UDR from $45.00 to $49.00 and gave the company an outperform rating in a research report on Monday, August 5th. Truist Financial boosted their target price on shares of UDR from $44.00 to $47.00 and gave the stock a buy rating in a report on Monday, August 26th. Finally, Wells Fargo & Company increased their price target on shares of UDR from $41.00 to $48.00 and gave the company an overweight rating in a research report on Monday, August 26th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of Hold and a consensus target price of $43.67.

UDR Trading Up 1.2 %

NYSE UDR opened at $46.55 on Tuesday. The stock has a market cap of $15.33 billion, a PE ratio of 33.73, a PEG ratio of 9.66 and a beta of 0.85. The company has a current ratio of 5.82, a quick ratio of 5.82 and a debt-to-equity ratio of 1.57. UDR has a 12 month low of $30.95 and a 12 month high of $46.64. The company’s 50-day moving average price is $42.25 and its 200-day moving average price is $39.61.

UDR (NYSE:UDR) last issued its 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). The company had revenue of $415.30 million during the quarter, compared to the consensus estimate of $413.75 million. UDR had a return on equity of 3.70% and a net margin of 8.34%. UDR’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.61 earnings per share. Equities research analysts forecast that UDR will post 2.46 earnings per share for the current year.

Institutional Trading of UDR

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of UDR in the fourth quarter worth about $1,065,482,000. Capital Research Global Investors acquired a new stake in shares of UDR during the first quarter worth about $176,137,000. Centersquare Investment Management LLC lifted its holdings in shares of UDR by 35.9% during 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 during the period. Balyasny Asset Management L.P. acquired a new stake in shares of UDR during the fourth quarter worth about $79,897,000. Finally, Millennium Management LLC lifted its holdings in shares of UDR by 115.3% during the second quarter. Millennium Management LLC now owns 3,499,150 shares of the real estate investment trust’s stock worth $143,990,000 after purchasing an additional 1,874,096 shares during the period. Institutional investors and hedge funds 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.