Barclays Issues Positive Forecast for UDR (NYSE:UDR) Stock Price

UDR (NYSE:UDRGet Free Report) had its target price raised by Barclays from $48.00 to $51.00 in a report released on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the real estate investment trust’s stock. Barclays‘s price objective points to a potential upside of 20.51% from the company’s current price.

Other equities research analysts have also recently issued research reports about the company. Evercore ISI boosted their price objective on UDR from $43.00 to $45.00 and gave the company an “in-line” rating in a research note on Monday, February 10th. Royal Bank of Canada upped their price target on shares of UDR from $43.00 to $44.00 and gave the company a “sector perform” rating in a research report on Thursday. Scotiabank raised their price objective on shares of UDR from $48.00 to $49.00 and gave the stock a “sector perform” rating in a research report on Friday, February 14th. Truist Financial lowered shares of UDR from a “buy” rating to a “hold” rating and lifted their price objective for the company from $45.00 to $46.00 in a research note on Monday, March 10th. Finally, Wells Fargo & Company decreased their target price on shares of UDR from $48.00 to $45.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, UDR has an average rating of “Hold” and a consensus target price of $46.29.

Get Our Latest Analysis on UDR

UDR Stock Up 0.7 %

Shares of NYSE:UDR opened at $42.32 on Friday. The firm has a 50 day simple moving average of $42.45 and a 200-day simple moving average of $43.00. UDR has a twelve month low of $36.61 and a twelve month high of $47.55. The company has a current ratio of 5.61, a quick ratio of 5.91 and a debt-to-equity ratio of 1.71. The company has a market capitalization of $14.02 billion, a PE ratio of 169.28, a P/E/G ratio of 8.67 and a beta of 0.84.

UDR (NYSE:UDRGet Free Report) last released its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.61. UDR had a net margin of 5.36% and a return on equity of 2.65%. The company had revenue of $419.84 million during the quarter, compared to the consensus estimate of $421.23 million. During the same quarter in the prior year, the firm posted $0.61 earnings per share. UDR’s revenue for the quarter was up 2.0% on a year-over-year basis. On average, equities analysts predict that UDR will post 2.51 EPS for the current fiscal year.

Insider Activity

In related news, CEO Thomas W. Toomey sold 25,000 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $42.75, for a total transaction of $1,068,750.00. Following the sale, the chief executive officer now owns 824,716 shares of the company’s stock, valued at approximately $35,256,609. The trade was a 2.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 3.39% of the company’s stock.

Institutional Investors Weigh In On UDR

Hedge funds and other institutional investors have recently modified their holdings of the stock. Spire Wealth Management raised its holdings in UDR by 3,079.2% during the first quarter. Spire Wealth Management now owns 763 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 739 shares during the last quarter. Sentry Investment Management LLC purchased a new position in shares of UDR in the first quarter valued at $47,000. Horizon Financial Services LLC acquired a new position in shares of UDR during the 1st quarter worth $51,000. Smartleaf Asset Management LLC boosted its position in shares of UDR by 68.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,206 shares of the real estate investment trust’s stock worth $52,000 after buying an additional 491 shares in the last quarter. Finally, Continuum Advisory LLC grew its stake in UDR by 38.0% in the 4th quarter. Continuum Advisory LLC now owns 1,275 shares of the real estate investment trust’s stock valued at $55,000 after acquiring an additional 351 shares during the last quarter. 97.84% of the stock is currently owned by institutional investors and hedge funds.

UDR Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for UDR (NYSE:UDR)

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