Royal Bank of Canada Boosts UDR (NYSE:UDR) Price Target to $44.00

UDR (NYSE:UDR) had its target price hoisted by stock analysts at Royal Bank of Canada from $43.00 to $44.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a “sector perform” rating on the real estate investment trust’s stock. Royal Bank of Canada’s price objective would indicate a potential upside of 2.53% from the company’s current price.

A number of other research analysts have also recently weighed in on the stock. Mizuho lowered their target price on shares of UDR from $47.00 to $45.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Jefferies Financial Group cut UDR from a “buy” rating to a “hold” rating and cut their target price for the stock from $50.00 to $45.00 in a research report on Thursday, January 2nd. Wells Fargo & Company lowered their price target on UDR from $48.00 to $45.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. StockNews.com upgraded shares of UDR from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, Barclays cut their target price on shares of UDR from $50.00 to $48.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, UDR has a consensus rating of “Hold” and an average target price of $46.00.

UDR Stock Performance

UDR stock traded down $0.08 on Friday, hitting $42.91. The company had a trading volume of 1,114,257 shares, compared to its average volume of 1,991,703. The stock has a market cap of $14.16 billion, a price-to-earnings ratio of 116.20, a P/E/G ratio of 11.38 and a beta of 0.88. 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 12-month low of $34.19 and a 12-month high of $47.55. The stock’s 50-day simple moving average is $42.71 and its 200 day simple moving average is $43.43.

UDR (NYSE:UDR) last released its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.53. UDR had a net margin of 7.68% and a return on equity of 3.57%. As a group, equities research analysts expect that UDR will post 2.48 earnings per share for the current fiscal year.

Institutional Investors Weigh In On UDR

Several hedge funds and other institutional investors have recently modified their holdings of UDR. Activest Wealth Management purchased a new stake in shares of UDR during the third quarter valued at $27,000. Brooklyn Investment Group purchased a new stake in UDR in the 3rd quarter valued at about $33,000. Continuum Advisory LLC grew its stake in UDR by 5,335.3% in the 3rd quarter. Continuum Advisory LLC now owns 924 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 907 shares in the last quarter. Mather Group LLC. increased its position 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 acquiring an additional 367 shares during the period. Finally, Smartleaf Asset Management LLC raised its stake in shares of UDR by 68.7% during 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 acquiring an additional 491 shares in the last quarter. 97.84% of the stock is currently owned by hedge funds and other institutional investors.

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 communities in targeted U.S.