StockNews.com Upgrades UDR (NYSE:UDR) to "Hold"

UDR (NYSE:UDR - Get Free Report) was upgraded by equities research analysts at StockNews.com from a "sell" rating to a "hold" rating in a note issued to investors on Saturday.

Several other analysts have also recently weighed in on UDR. Royal Bank of Canada cut their price objective on UDR from $46.00 to $45.00 and set a "sector perform" rating on the stock in a research report on Tuesday, November 5th. JPMorgan Chase & Co. raised their target price on shares of UDR from $43.00 to $50.00 and gave the stock an "overweight" rating in a report on Monday, September 16th. Barclays started coverage on UDR in a research report on Tuesday. They set an "overweight" rating and a $50.00 price objective on the stock. Evercore ISI increased their target price on UDR from $42.00 to $43.00 and gave the stock an "in-line" rating in a research report on Monday, September 9th. Finally, Truist Financial boosted their price objective on UDR from $44.00 to $47.00 and gave the stock a "buy" rating in a research note on Monday, August 26th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $46.00.

UDR Trading Up 2.5 %

Shares of NYSE:UDR traded up $1.04 on Friday, reaching $43.46. 5,497,613 shares of the company traded hands, compared to its average volume of 2,440,361. The business's 50-day simple moving average is $44.34 and its 200 day simple moving average is $43.11. The company has a current ratio of 5.91, a quick ratio of 5.91 and a debt-to-equity ratio of 1.69. UDR has a 52 week low of $34.19 and a 52 week high of $47.55. The stock has a market capitalization of $14.34 billion, a P/E ratio of 117.46, a price-to-earnings-growth ratio of 12.34 and a beta of 0.87.

Institutional Investors Weigh In On UDR

Several hedge funds have recently modified their holdings of UDR. Wealth Enhancement Advisory Services LLC boosted its position in shares of UDR by 25.9% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 7,847 shares of the real estate investment trust's stock worth $323,000 after purchasing an additional 1,612 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of UDR by 1,018.3% in the second quarter. Blue Trust Inc. now owns 1,040 shares of the real estate investment trust's stock worth $39,000 after acquiring an additional 947 shares during the last quarter. New York State Teachers Retirement System lifted its position in shares of UDR by 1.4% in the second quarter. New York State Teachers Retirement System now owns 299,606 shares of the real estate investment trust's stock valued at $12,329,000 after acquiring an additional 4,079 shares in the last quarter. Family Firm Inc. acquired a new stake in shares of UDR during the second quarter valued at $26,000. Finally, Trust Co. of Virginia VA purchased a new stake in UDR during the 2nd quarter worth about $213,000. 97.84% of the stock is owned by institutional investors and hedge funds.

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.