Share on StockTwits

Shares of UDR (NYSE:UDR) reached a new 52-week high during trading on Thursday , Analyst Ratings.Net reports. The company traded as high as $30.33 and last traded at $30.21, with a volume of 375,026 shares. The stock had previously closed at $30.22.

Several analysts have recently commented on the stock. Analysts at Mizuho initiated coverage on shares of UDR in a research note on Monday, August 25th. They set a “neutral” rating and a $31.00 price target on the stock. Separately, analysts at KeyCorp reiterated a “buy” rating on shares of UDR in a research note on Monday, August 18th. They now have a $33.00 price target on the stock, up previously from $32.00. Finally, analysts at RBC Capital raised their price target on shares of UDR from $28.00 to $31.00 in a research note on Tuesday, August 5th. They now have a “sector perform” rating on the stock. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $29.13.

The stock’s 50-day moving average is $29.32 and its 200-day moving average is $27.40. The company has a market cap of $7.564 billion and a price-to-earnings ratio of 91.58.

UDR (NYSE:UDR) last released its earnings data on Tuesday, July 29th. The company reported $0.39 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.38 by $0.01. The company had revenue of $203.70 million for the quarter, compared to the consensus estimate of $198.40 million. During the same quarter last year, the company posted $0.35 earnings per share. UDR’s revenue was up 7.5% compared to the same quarter last year. Analysts expect that UDR will post $1.53 EPS for the current fiscal year.

In other UDR news, CEO Thomas W. Toomey sold 7,000 shares of UDR stock on the open market in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $29.70, for a total value of $207,900.00. The sale was disclosed in a legal filing with the SEC, which is available at this link.

UDR, Inc (NYSE:UDR) is a self administered real estate investment trust (REIT), which owns, operates, acquires, renovates, develops, redevelops, and manages multifamily apartment communities located throughout the United States.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.