UDR (NYSE:UDR) PT Lowered to $42.00

UDR (NYSE:UDR - Get Free Report) had its price objective lowered by equities research analysts at Truist Financial from $45.00 to $42.00 in a note issued to investors on Tuesday, Benzinga reports. The firm currently has a "buy" rating on the real estate investment trust's stock. Truist Financial's price target suggests a potential upside of 10.91% from the company's current price.

Other research analysts have also issued research reports about the stock. Mizuho dropped their price objective on shares of UDR from $38.00 to $35.00 and set a "neutral" rating for the company in a report on Wednesday, February 28th. Wells Fargo & Company raised shares of UDR from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $34.00 to $39.00 in a research note on Monday, March 4th. Barclays downgraded UDR from an "overweight" rating to an "equal weight" rating and decreased their price objective for the company from $46.00 to $37.00 in a report on Tuesday, February 20th. Deutsche Bank Aktiengesellschaft initiated coverage on UDR in a report on Tuesday, January 30th. They set a "hold" rating and a $40.00 target price on the stock. Finally, KeyCorp decreased their price target on UDR from $48.00 to $45.00 and set an "overweight" rating for the company in a research note on Wednesday, December 13th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $41.35.

UDR Price Performance

UDR stock traded up $0.66 during midday trading on Tuesday, reaching $37.87. 3,594,344 shares of the stock were exchanged, compared to its average volume of 2,956,067. UDR has a 52 week low of $30.95 and a 52 week high of $44.02. The company has a fifty day moving average price of $36.41 and a 200 day moving average price of $35.85. The company has a debt-to-equity ratio of 1.47, a current ratio of 5.15 and a quick ratio of 5.15. The stock has a market capitalization of $12.47 billion, a PE ratio of 28.24, a P/E/G ratio of 2.91 and a beta of 0.80.

Hedge Funds Weigh In On UDR

Several large investors have recently added to or reduced their stakes in the business. Clear Street Markets LLC lifted its holdings in UDR by 96.1% during the first quarter. Clear Street Markets LLC now owns 606 shares of the real estate investment trust's stock worth $25,000 after acquiring an additional 297 shares during the period. Principal Securities Inc. bought a new stake in shares of UDR during the 4th quarter worth $26,000. Quest Partners LLC bought a new stake in shares of UDR during the 4th quarter worth $27,000. International Assets Investment Management LLC purchased a new position in shares of UDR in the 3rd quarter worth about $35,000. Finally, Parkside Financial Bank & Trust grew its position in UDR by 225.7% during the third quarter. Parkside Financial Bank & Trust now owns 1,088 shares of the real estate investment trust's stock valued at $39,000 after buying an additional 754 shares during the period. Institutional investors own 97.84% of the company's stock.

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.