UDR (NYSE:UDR) Lifted to Neutral at Piper Sandler

UDR (NYSE:UDR - Get Free Report) was upgraded by equities researchers at Piper Sandler from an "underweight" rating to a "neutral" rating in a note issued to investors on Wednesday, Marketbeat.com reports. The brokerage presently has a $40.00 price objective on the real estate investment trust's stock, up from their previous price objective of $34.00. Piper Sandler's price target indicates a potential upside of 7.47% from the company's current price.

UDR has been the subject of a number of other research reports. The Goldman Sachs Group began coverage on UDR in a report on Thursday, February 22nd. They issued a "neutral" rating and a $39.00 target price for the company. Truist Financial lowered their target price on UDR from $45.00 to $42.00 and set a "buy" rating on the stock in a research report on Tuesday. Wells Fargo & Company upgraded UDR from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $34.00 to $39.00 in a research report on Monday, March 4th. KeyCorp lowered their target price on UDR from $48.00 to $45.00 and set an "overweight" rating on the stock in a research report on Wednesday, December 13th. Finally, Mizuho lowered their target price on UDR from $38.00 to $35.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 28th. Eleven research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, UDR presently has a consensus rating of "Hold" and a consensus target price of $41.71.

UDR Stock Down 1.7 %

Shares of UDR stock traded down $0.65 on Wednesday, reaching $37.22. The company's stock had a trading volume of 4,509,328 shares, compared to its average volume of 2,978,640. The company has a market capitalization of $12.26 billion, a price-to-earnings ratio of 27.56, a P/E/G ratio of 3.01 and a beta of 0.80. The firm's fifty day simple moving average is $36.44 and its two-hundred day simple moving average is $35.87. UDR has a 52 week low of $30.95 and a 52 week high of $44.02. The company has a quick ratio of 5.15, a current ratio of 5.15 and a debt-to-equity ratio of 1.47.

Institutional Investors Weigh In On UDR

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

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.