Evercore ISI Issues Positive Forecast for UDR (NYSE:UDR) Stock Price

UDR (NYSE:UDR) had its price objective lifted by analysts at Evercore ISI from $43.00 to $45.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has an “in-line” rating on the real estate investment trust’s stock. Evercore ISI’s price objective points to a potential upside of 5.78% from the stock’s current price.

A number of other research analysts also recently issued reports on the company. Jefferies Financial Group downgraded UDR from a “buy” rating to a “hold” rating and cut their price target for the company from $50.00 to $45.00 in a report on Thursday, January 2nd. StockNews.com raised shares of UDR from a “sell” rating to a “hold” rating in a research report on Thursday. Royal Bank of Canada lifted their price objective on shares of UDR from $43.00 to $44.00 and gave the stock a “sector perform” rating in a research report on Friday. Scotiabank decreased their target price on shares of UDR from $49.00 to $48.00 and set a “sector perform” rating for the company in a research report on Thursday, November 14th. Finally, Barclays dropped their price target on UDR from $50.00 to $48.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, UDR presently has an average rating of “Hold” and a consensus target price of $46.12.

UDR Trading Down 0.8 %

Shares of NYSE:UDR traded down $0.36 during trading on Monday, reaching $42.54. 304,667 shares of the company were exchanged, compared to its average volume of 1,953,144. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.32 and a quick ratio of 5.91. The firm has a market capitalization of $14.04 billion, a PE ratio of 170.16, a P/E/G ratio of 11.72 and a beta of 0.88. The business’s fifty day simple moving average is $42.65 and its 200-day simple moving average is $43.46. UDR has a 12-month low of $34.19 and a 12-month high of $47.55.

UDR (NYSE:UDR) last posted its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.53. UDR had a net margin of 5.36% and a return on equity of 2.65%. On average, research analysts anticipate that UDR will post 2.51 EPS for the current year.

Institutional Investors Weigh In On UDR

Several hedge funds and other institutional investors have recently bought and sold shares of the company. International Assets Investment Management LLC raised its position in UDR by 4,436.2% in the third quarter. International Assets Investment Management LLC now owns 44,228 shares of the real estate investment trust’s stock valued at $2,005,000 after purchasing an additional 43,253 shares during the period. Los Angeles Capital Management LLC lifted its stake in UDR by 1,665.3% during the 3rd quarter. Los Angeles Capital Management LLC now owns 369,448 shares of the real estate investment trust’s stock worth $16,751,000 after acquiring an additional 348,520 shares in the last quarter. MQS Management LLC acquired a new position in UDR in the 3rd quarter valued at about $712,000. JPMorgan Chase & Co. increased its stake in UDR by 5.0% during the third quarter. JPMorgan Chase & Co. now owns 7,774,541 shares of the real estate investment trust’s stock worth $352,498,000 after purchasing an additional 368,087 shares during the period. Finally, Daiwa Securities Group Inc. lifted its position in shares of UDR by 2.3% during the third quarter. Daiwa Securities Group Inc. now owns 7,109,980 shares of the real estate investment trust’s stock worth $322,366,000 after purchasing an additional 159,625 shares in the last quarter. 97.84% of the stock is currently owned by institutional investors and hedge funds.

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.