Jefferies Financial Group Downgrades UDR (NYSE:UDR) to Hold

UDR (NYSE:UDR) was downgraded by equities researchers at Jefferies Financial Group from a “buy” rating to a “hold” rating in a research report issued on Thursday, Marketbeat Ratings reports. They presently have a $45.00 target price on the real estate investment trust’s stock, down from their prior target price of $50.00. Jefferies Financial Group’s price target indicates a potential upside of 4.46% from the stock’s current price.

UDR has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft boosted their price objective on UDR from $40.00 to $44.00 and gave the company a “hold” rating in a report on Tuesday, September 10th. Scotiabank reduced their target price on shares of UDR from $49.00 to $48.00 and set a “sector perform” rating for the company in a research note on Thursday, November 14th. BNP Paribas initiated coverage on shares of UDR in a report on Wednesday, September 11th. They issued an “outperform” rating and a $49.00 price target on the stock. Barclays started coverage on shares of UDR in a research report on Tuesday, December 17th. They set an “overweight” rating and a $50.00 target price for the company. Finally, StockNews.com raised shares of UDR from a “sell” rating to a “hold” rating in a research note on Saturday, December 21st. Two analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $45.94.

UDR Price Performance

UDR stock opened at $43.08 on Thursday. The company has a market capitalization of $14.21 billion, a P/E ratio of 116.44, a PEG ratio of 12.34 and a beta of 0.87. The company has a debt-to-equity ratio of 1.69, a quick ratio of 5.91 and a current ratio of 5.91. UDR has a 52-week low of $34.19 and a 52-week high of $47.55. The company has a fifty day moving average price of $44.13 and a 200-day moving average price of $43.36.

Hedge Funds Weigh In On UDR

Hedge funds and other institutional investors have recently made changes to their positions in the company. Activest Wealth Management purchased a new stake in UDR during the third quarter worth $27,000. Brooklyn Investment Group bought a new position in shares of UDR in the 3rd quarter worth $33,000. Rothschild Investment LLC purchased a new stake in shares of UDR during the 2nd quarter worth $35,000. Quest Partners LLC purchased a new position in UDR in the second quarter valued at about $37,000. Finally, International Assets Investment Management LLC bought a new position in UDR in the second quarter worth about $40,000. 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.