UDR (NYSE:UDR) Upgraded to Hold at StockNews.com

UDR (NYSE:UDR - Get Free Report) was upgraded by stock analysts at StockNews.com from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Thursday.

A number of other equities research analysts also recently weighed in on UDR. Barclays decreased their price objective on UDR from $50.00 to $48.00 and set an "overweight" rating on the stock in a report on Friday, January 24th. Scotiabank lowered their price target on UDR from $49.00 to $48.00 and set a "sector perform" rating on the stock in a research report on Thursday, November 14th. Jefferies Financial Group cut UDR from a "buy" rating to a "hold" rating and cut their price objective for the company from $50.00 to $45.00 in a report on Thursday, January 2nd. Royal Bank of Canada reduced their target price on shares of UDR from $46.00 to $45.00 and set a "sector perform" rating on the stock in a research note on Tuesday, November 5th. Finally, Wells Fargo & Company dropped their target price on shares of UDR from $48.00 to $45.00 and set an "overweight" rating for the company in a research report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $46.12.

UDR Stock Performance

Shares of NYSE UDR traded down $0.10 during trading hours on Thursday, reaching $42.80. The stock had a trading volume of 1,927,043 shares, compared to its average volume of 1,983,146. UDR has a twelve month low of $34.19 and a twelve month high of $47.55. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.32 and a quick ratio of 5.91. The business's fifty day moving average is $42.65 and its two-hundred day moving average is $43.46. The company has a market cap of $14.12 billion, a price-to-earnings ratio of 171.20, a PEG ratio of 11.72 and a beta of 0.88.

UDR (NYSE:UDR - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.10 by $0.53. UDR had a net margin of 5.36% and a return on equity of 2.65%. As a group, research analysts expect that UDR will post 2.51 EPS for the current year.

Institutional Investors Weigh In On UDR

A number of institutional investors and hedge funds have recently made changes to their positions in UDR. Activest Wealth Management acquired a new stake in UDR in the third quarter worth about $27,000. Brooklyn Investment Group bought a new position in shares of UDR in the 3rd quarter valued at about $33,000. Continuum Advisory LLC grew its position in shares of UDR by 5,335.3% during the 3rd quarter. Continuum Advisory LLC now owns 924 shares of the real estate investment trust's stock worth $41,000 after buying an additional 907 shares during the period. Mather Group LLC. raised its stake in shares of UDR by 58.2% during the third quarter. Mather Group LLC. now owns 998 shares of the real estate investment trust's stock worth $45,000 after buying an additional 367 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in UDR by 68.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,206 shares of the real estate investment trust's stock valued at $52,000 after buying an additional 491 shares during the period. 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.