UDR (NYSE:UDR)‘s stock had its “hold” rating reiterated by stock analysts at Stifel Nicolaus in a research note issued on Friday. They presently have a $38.00 price target on the real estate investment trust’s stock. Stifel Nicolaus’ price target points to a potential upside of 5.64% from the company’s previous close.
A number of other research analysts also recently commented on the company. BMO Capital Markets reaffirmed a “hold” rating and set a $40.00 target price on shares of UDR in a report on Tuesday, January 9th. Robert W. Baird reaffirmed a “buy” rating and set a $40.00 target price on shares of UDR in a report on Tuesday, January 9th. Zacks Investment Research downgraded UDR from a “hold” rating to a “sell” rating in a report on Saturday, January 6th. SunTrust Banks downgraded UDR from a “buy” rating to a “hold” rating and set a $41.00 target price on the stock. in a report on Wednesday, November 29th. Finally, Mizuho reaffirmed a “buy” rating and set a $43.00 target price on shares of UDR in a report on Monday, November 6th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $40.00.
Shares of UDR (UDR) traded up $0.09 on Friday, reaching $35.97. The company had a trading volume of 1,491,566 shares, compared to its average volume of 1,444,615. The stock has a market capitalization of $9,660.64, a P/E ratio of 33.93, a P/E/G ratio of 3.09 and a beta of 0.39. UDR has a 1 year low of $34.41 and a 1 year high of $40.71. The company has a debt-to-equity ratio of 1.31, a current ratio of 5.45 and a quick ratio of 5.45.
In related news, CEO Thomas W. Toomey sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $39.20, for a total value of $784,000.00. Following the sale, the chief executive officer now owns 1,127,925 shares of the company’s stock, valued at approximately $44,214,660. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 3.07% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Fox Run Management L.L.C. lifted its holdings in shares of UDR by 51.8% in the 4th quarter. Fox Run Management L.L.C. now owns 8,500 shares of the real estate investment trust’s stock worth $327,000 after purchasing an additional 2,900 shares during the last quarter. WESCAP Management Group Inc. lifted its holdings in shares of UDR by 55.1% in the 3rd quarter. WESCAP Management Group Inc. now owns 10,949 shares of the real estate investment trust’s stock worth $416,000 after purchasing an additional 3,890 shares during the last quarter. Norinchukin Bank The lifted its holdings in shares of UDR by 7.3% in the 3rd quarter. Norinchukin Bank The now owns 19,915 shares of the real estate investment trust’s stock worth $757,000 after purchasing an additional 1,360 shares during the last quarter. ING Groep NV lifted its holdings in shares of UDR by 69.1% in the 3rd quarter. ING Groep NV now owns 23,124 shares of the real estate investment trust’s stock worth $879,000 after purchasing an additional 9,448 shares during the last quarter. Finally, Quantitative Investment Management LLC lifted its holdings in shares of UDR by 429.7% in the 2nd quarter. Quantitative Investment Management LLC now owns 151,500 shares of the real estate investment trust’s stock worth $5,903,000 after purchasing an additional 122,900 shares during the last quarter. 96.53% of the stock is currently owned by institutional investors and hedge funds.
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UDR Company Profile
UDR, Inc is a self-administered real estate investment trust. The Company owns, operates, acquires, renovates, develops, redevelops, disposes of and manages multifamily apartment communities generally located in various markets across the United States. The Company’s segments are Same-Store Communities and Non-Mature Communities/Other.
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