UDR (NYSE:UDR) Price Target Increased to $45.00 by Analysts at Scotiabank

UDR (NYSE:UDR) had its price target increased by stock analysts at Scotiabank from $43.00 to $45.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s price target would indicate a potential upside of 3.50% from the company’s current price.

Several other equities research analysts also recently weighed in on UDR. UBS Group increased their price target on UDR from $44.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Mizuho lifted their price objective on UDR from $35.00 to $38.00 and gave the stock a “neutral” rating in a research report on Thursday, May 30th. BMO Capital Markets upgraded UDR from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $39.00 to $45.00 in a report on Monday, July 15th. Morgan Stanley boosted their target price on UDR from $37.00 to $40.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 14th. Finally, JPMorgan Chase & Co. boosted their price target on UDR from $42.00 to $43.00 and gave the stock an “overweight” rating in a research report on Monday, June 17th. Ten research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $42.06.

UDR Trading Up 0.4 %

Shares of NYSE UDR traded up $0.18 during trading on Monday, hitting $43.48. 105,712 shares of the company were exchanged, compared to its average volume of 2,590,719. UDR has a 12-month low of $30.95 and a 12-month high of $43.69. The company has a debt-to-equity ratio of 1.57, a quick ratio of 5.82 and a current ratio of 5.82. The company has a fifty day moving average price of $41.16 and a 200-day moving average price of $38.79. The firm has a market capitalization of $14.34 billion, a PE ratio of 31.51, a P/E/G ratio of 9.34 and a beta of 0.83.

UDR (NYSE:UDR) last issued its quarterly earnings results 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 for the quarter, compared to analyst estimates of $413.75 million. UDR had a return on equity of 3.70% and a net margin of 8.34%. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.61 EPS. As a group, equities research analysts expect that UDR will post 2.46 EPS for the current year.

Insider Buying and Selling

In other UDR news, CEO Thomas W. Toomey sold 90,000 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $39.52, for a total transaction of $3,556,800.00. Following the completion of the transaction, the chief executive officer now owns 849,716 shares of the company’s stock, valued at $33,580,776.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.73% of the stock is owned by insiders.

Institutional Investors Weigh In On UDR

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in shares of UDR by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 51,063,214 shares of the real estate investment trust’s stock valued at $1,910,275,000 after purchasing an additional 233,475 shares during the period. Presima Securities ULC bought a new stake in shares of UDR during the 4th quarter valued at $18,256,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of UDR by 370.6% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 222,940 shares of the real estate investment trust’s stock valued at $8,340,000 after purchasing an additional 175,566 shares during the period. Simplicity Wealth LLC bought a new stake in shares of UDR during the 2nd quarter valued at $2,135,000. Finally, Hsbc Holdings PLC raised its position in shares of UDR by 6.2% during the 4th quarter. Hsbc Holdings PLC now owns 761,659 shares of the real estate investment trust’s stock valued at $29,205,000 after purchasing an additional 44,677 shares during the period. 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.