UDR (NYSE:UDR) Upgraded to Buy at UBS Group

UDR (NYSE:UDR - Get Free Report) was upgraded by investment analysts at UBS Group from a "neutral" rating to a "buy" rating in a research note issued to investors on Thursday, MarketBeat.com reports. The brokerage presently has a $44.00 target price on the real estate investment trust's stock, up from their prior target price of $38.00. UBS Group's target price indicates a potential upside of 15.91% from the company's current price.

Several other research analysts have also recently weighed in on UDR. Piper Sandler raised shares of UDR from an "underweight" rating to a "neutral" rating and upped their price target for the stock from $34.00 to $40.00 in a report on Wednesday, April 10th. Truist Financial reduced their target price on UDR from $45.00 to $42.00 and set a "buy" rating on the stock in a research note on Tuesday, April 9th. Wells Fargo & Company raised UDR from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $34.00 to $39.00 in a research note on Monday, March 4th. The Goldman Sachs Group assumed coverage on UDR in a research note on Thursday, February 22nd. They issued a "neutral" rating and a $39.00 target price on the stock. Finally, Morgan Stanley reissued an "equal weight" rating and issued a $37.00 target price on shares of UDR in a research note on Monday, February 26th. Eleven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $41.83.

UDR Stock Performance

UDR stock traded up $0.07 during midday trading on Thursday, reaching $37.96. 2,399,782 shares of the company's stock traded hands, compared to its average volume of 2,957,019. The company has a 50-day moving average price of $36.70 and a two-hundred day moving average price of $35.95. The company has a debt-to-equity ratio of 1.47, a quick ratio of 5.15 and a current ratio of 5.15. UDR has a 52 week low of $30.95 and a 52 week high of $44.02. The firm has a market capitalization of $12.50 billion, a PE ratio of 28.33, a price-to-earnings-growth ratio of 2.98 and a beta of 0.80.

Hedge Funds Weigh In On UDR

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Telos Capital Management Inc. increased its stake in shares of UDR by 1.6% during the first quarter. Telos Capital Management Inc. now owns 34,759 shares of the real estate investment trust's stock valued at $1,300,000 after purchasing an additional 547 shares in the last quarter. Fifth Third Bancorp increased its position in shares of UDR by 4.8% during the first quarter. Fifth Third Bancorp now owns 18,974 shares of the real estate investment trust's stock valued at $710,000 after acquiring an additional 869 shares in the last quarter. State of Alaska Department of Revenue increased its position in shares of UDR by 0.3% during the first quarter. State of Alaska Department of Revenue now owns 189,355 shares of the real estate investment trust's stock valued at $7,083,000 after acquiring an additional 551 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of UDR by 28.0% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,342,825 shares of the real estate investment trust's stock valued at $87,645,000 after acquiring an additional 512,388 shares in the last quarter. Finally, Integrity Wealth Solutions LLC increased its position in shares of UDR by 8.2% during the first quarter. Integrity Wealth Solutions LLC now owns 6,409 shares of the real estate investment trust's stock valued at $240,000 after acquiring an additional 484 shares in the last quarter. Institutional investors own 97.84% of the company's stock.

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.