UDR (NYSE:UDR) Raised to “Buy” at UBS Group

UDR (NYSE:UDR) was upgraded by UBS Group from a “neutral” rating to a “buy” rating in a research report issued on Thursday, FinViz reports. The brokerage presently has a $44.00 target price on the real estate investment trust’s stock, up from their previous target price of $38.00. UBS Group’s target price would indicate a potential upside of 16.13% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on the company. Mizuho lowered their price objective on UDR from $38.00 to $35.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 28th. Truist Financial reduced their price target on shares of UDR from $45.00 to $42.00 and set a “buy” rating on the stock in a research report on Tuesday, April 9th. Wells Fargo & Company upgraded shares of UDR from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $34.00 to $39.00 in a research report on Monday, March 4th. Morgan Stanley reiterated an “equal weight” rating and set a $37.00 price target on shares of UDR in a research report on Monday, February 26th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of UDR in a research report on Tuesday, January 30th. They set a “hold” rating and a $40.00 price target on the stock. Eleven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $41.83.

UDR Trading Up 1.7 %

Shares of UDR stock opened at $37.89 on Thursday. UDR has a 52-week low of $30.95 and a 52-week high of $44.02. The stock’s 50-day simple moving average is $36.66 and its 200 day simple moving average is $35.94. The stock has a market capitalization of $12.48 billion, a P/E ratio of 28.28, a P/E/G ratio of 2.98 and a beta of 0.80. The company has a debt-to-equity ratio of 1.47, a quick ratio of 5.15 and a current ratio of 5.15.

Hedge Funds Weigh In On UDR

Several large investors have recently modified their holdings of the stock. Exchange Traded Concepts LLC raised its position in shares of UDR by 5.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 6,302 shares of the real estate investment trust’s stock worth $225,000 after purchasing an additional 299 shares during the last quarter. Cerity Partners LLC raised its position in shares of UDR by 0.3% in the 4th quarter. Cerity Partners LLC now owns 102,605 shares of the real estate investment trust’s stock worth $3,929,000 after purchasing an additional 313 shares during the last quarter. Allworth Financial LP raised its position in shares of UDR by 20.1% in the 4th quarter. Allworth Financial LP now owns 1,943 shares of the real estate investment trust’s stock worth $74,000 after purchasing an additional 325 shares during the last quarter. Hummer Financial Advisory Services Inc raised its position in shares of UDR by 2.9% in the 1st quarter. Hummer Financial Advisory Services Inc now owns 12,057 shares of the real estate investment trust’s stock worth $451,000 after purchasing an additional 335 shares during the last quarter. Finally, Integrity Wealth Solutions LLC raised its position in shares of UDR by 8.2% in the 1st quarter. Integrity Wealth Solutions LLC now owns 6,409 shares of the real estate investment trust’s stock worth $240,000 after purchasing an additional 484 shares during the last quarter. Hedge funds and other institutional investors own 97.84% of the company’s stock.

About UDR

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.