Robert W. Baird restated their buy rating on shares of UDR (NYSE:UDR) in a research report sent to investors on Tuesday morning. The brokerage currently has a $40.00 price objective on the real estate investment trust’s stock.
A number of other equities research analysts have also issued reports on the stock. Zacks Investment Research lowered shares of UDR from a hold rating to a sell rating in a report on Saturday. Evercore ISI raised shares of UDR from an underperform rating to an in-line rating in a report on Monday, December 11th. SunTrust Banks lowered shares of UDR from a buy rating to a hold rating and set a $41.00 target price for the company. in a report on Wednesday, November 29th. BMO Capital Markets reaffirmed a hold rating and set a $41.00 target price on shares of UDR in a report on Monday, November 27th. Finally, Royal Bank of Canada upped their target price on shares of UDR from $39.00 to $40.00 and gave the stock a sector perform rating in a report on Wednesday, November 8th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company. The company has an average rating of Hold and a consensus price target of $40.23.
UDR (UDR) traded down $0.53 during trading on Tuesday, hitting $36.41. 2,371,978 shares of the stock were exchanged, compared to its average volume of 1,443,586. UDR has a fifty-two week low of $34.41 and a fifty-two week high of $40.71. The stock has a market capitalization of $10,043.53, a price-to-earnings ratio of 34.35, a price-to-earnings-growth ratio of 3.21 and a beta of 0.39. The company has a debt-to-equity ratio of 1.31, a current ratio of 5.45 and a quick ratio of 5.45.
In related news, CEO Thomas W. Toomey sold 20,000 shares of the company’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $39.20, for a total value of $784,000.00. Following the completion of the sale, the chief executive officer now owns 1,127,925 shares of the company’s stock, valued at $44,214,660. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.07% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the stock. WESCAP Management Group Inc. grew its holdings in shares of UDR by 55.1% in the third quarter. WESCAP Management Group Inc. now owns 10,949 shares of the real estate investment trust’s stock valued at $416,000 after purchasing an additional 3,890 shares during the period. Norinchukin Bank The lifted its position in UDR by 7.3% in the third quarter. Norinchukin Bank The now owns 19,915 shares of the real estate investment trust’s stock valued at $757,000 after buying an additional 1,360 shares during the last quarter. ING Groep NV lifted its position in UDR by 69.1% in the third quarter. ING Groep NV now owns 23,124 shares of the real estate investment trust’s stock valued at $879,000 after buying an additional 9,448 shares during the last quarter. Quantitative Investment Management LLC lifted its position in UDR by 429.7% in the second quarter. Quantitative Investment Management LLC now owns 151,500 shares of the real estate investment trust’s stock valued at $5,903,000 after buying an additional 122,900 shares during the last quarter. Finally, Parametric Portfolio Associates LLC lifted its position in UDR by 10.4% in the third quarter. Parametric Portfolio Associates LLC now owns 356,028 shares of the real estate investment trust’s stock valued at $13,540,000 after buying an additional 33,449 shares during the last quarter. 96.52% of the stock is owned by hedge funds and other institutional investors.
UDR Company Profile
UDR, Inc is a self-administered real estate investment trust. The Company owns, operates, acquires, renovates, develops, redevelops, disposes of and manages multifamily apartment communities generally located in various markets across the United States. The Company’s segments are Same-Store Communities and Non-Mature Communities/Other.
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