UDR (NYSE:UDR) was upgraded by stock analysts at Jefferies Financial Group from a “hold” rating to a “buy” rating in a research report issued on Friday, The Fly reports.
A number of other analysts also recently issued reports on UDR. Citigroup raised their price objective on UDR from $39.00 to $40.00 and gave the stock a “neutral” rating in a research report on Thursday, August 2nd. Royal Bank of Canada raised their price objective on UDR from $39.00 to $40.00 and gave the stock a “sector perform” rating in a research report on Friday, August 10th. Zacks Investment Research downgraded UDR from a “buy” rating to a “hold” rating in a research report on Thursday, November 22nd. ValuEngine raised UDR from a “hold” rating to a “buy” rating in a research report on Tuesday, November 13th. Finally, Robert W. Baird cut UDR from an “outperform” rating to a “neutral” rating and set a $42.00 target price for the company. in a report on Tuesday, November 20th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $40.33.
Shares of NYSE:UDR opened at $41.89 on Friday. The company has a debt-to-equity ratio of 1.49, a current ratio of 5.97 and a quick ratio of 5.97. The stock has a market cap of $11.21 billion, a P/E ratio of 22.40, a price-to-earnings-growth ratio of 3.56 and a beta of 0.32. UDR has a 12-month low of $32.88 and a 12-month high of $41.97.
UDR (NYSE:UDR) last issued its quarterly earnings data on Monday, October 29th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.07. The firm had revenue of $266.10 million during the quarter, compared to the consensus estimate of $258.90 million. UDR had a return on equity of 7.09% and a net margin of 18.43%. The company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period last year, the company earned $0.06 EPS. On average, sell-side analysts forecast that UDR will post 1.94 EPS for the current year.
In related news, VP Warren L. Troupe sold 10,000 shares of the firm’s stock in a transaction dated Monday, November 12th. The stock was sold at an average price of $41.29, for a total transaction of $412,900.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lynne B. Sagalyn sold 4,773 shares of the firm’s stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $40.40, for a total value of $192,829.20. Following the transaction, the director now owns 87,176 shares of the company’s stock, valued at $3,521,910.40. The disclosure for this sale can be found here. Insiders have sold a total of 84,773 shares of company stock valued at $3,474,829 over the last 90 days. 3.16% of the stock is currently owned by company insiders.
Institutional investors have recently made changes to their positions in the stock. Piedmont Investment Advisors LLC purchased a new position in shares of UDR in the 2nd quarter valued at about $118,000. BP PLC purchased a new position in shares of UDR in the 2nd quarter valued at about $1,314,000. Virtu Financial LLC purchased a new position in shares of UDR in the 2nd quarter valued at about $256,000. Aperio Group LLC boosted its stake in shares of UDR by 19.4% in the 2nd quarter. Aperio Group LLC now owns 104,049 shares of the real estate investment trust’s stock valued at $3,906,000 after buying an additional 16,912 shares during the period. Finally, Sumitomo Mitsui Asset Management Company LTD boosted its stake in shares of UDR by 6.9% in the 2nd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 32,165 shares of the real estate investment trust’s stock valued at $1,207,000 after buying an additional 2,089 shares during the period. Institutional investors own 96.13% of the company’s stock.
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 properties in targeted U.S.
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