UDR, Inc. (NYSE:UDR) has received a consensus recommendation of “Hold” from the nineteen ratings firms that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $44.00.

Several analysts recently commented on the stock. Capital One Financial lowered shares of UDR from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, August 4th. Morgan Stanley raised shares of UDR from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $33.00 to $34.00 in a research note on Thursday, August 27th. Zacks Investment Research raised shares of UDR from a “sell” rating to a “hold” rating and set a $37.00 target price for the company in a research note on Monday, August 17th. Piper Sandler lowered shares of UDR from a “neutral” rating to an “underweight” rating and cut their target price for the company from $38.00 to $33.00 in a research note on Monday, July 27th. Finally, Mizuho upgraded shares of UDR from a “neutral” rating to a “buy” rating and boosted their price target for the company from $33.00 to $40.00 in a report on Tuesday, May 19th.

Shares of NYSE:UDR traded up $0.34 during trading on Wednesday, reaching $35.14. The company had a trading volume of 85,953 shares, compared to its average volume of 2,054,677. The firm’s fifty day moving average is $35.08 and its 200 day moving average is $37.32. The firm has a market capitalization of $10.27 billion, a PE ratio of 56.52, a price-to-earnings-growth ratio of 3.94 and a beta of 0.54. UDR has a twelve month low of $29.20 and a twelve month high of $51.25. The company has a debt-to-equity ratio of 1.41, a quick ratio of 4.08 and a current ratio of 4.08.

UDR (NYSE:UDR) last issued its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.34). UDR had a return on equity of 5.63% and a net margin of 15.31%. The company had revenue of $307.26 million during the quarter, compared to analyst estimates of $314.90 million. During the same period in the prior year, the company posted $0.48 earnings per share. The company’s revenue was up 9.2% on a year-over-year basis. Equities analysts predict that UDR will post 2.07 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of UDR. Marshall Wace LLP bought a new stake in shares of UDR during the 1st quarter worth $157,000. Amundi Pioneer Asset Management Inc. boosted its holdings in shares of UDR by 36.3% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 383,735 shares of the real estate investment trust’s stock worth $17,445,000 after buying an additional 102,266 shares during the period. Public Employees Retirement Association of Colorado boosted its holdings in shares of UDR by 39.1% during the 1st quarter. Public Employees Retirement Association of Colorado now owns 33,536 shares of the real estate investment trust’s stock worth $1,225,000 after buying an additional 9,428 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of UDR by 1.0% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 106,686 shares of the real estate investment trust’s stock worth $3,898,000 after buying an additional 1,023 shares during the period. Finally, Private Capital Group LLC boosted its holdings in shares of UDR by 80.2% during the 1st quarter. Private Capital Group LLC now owns 2,006 shares of the real estate investment trust’s stock worth $73,000 after buying an additional 893 shares during the period. 98.10% of the stock is owned by institutional investors and hedge funds.

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 properties in targeted U.S.

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Analyst Recommendations for UDR (NYSE:UDR)

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