UDR (NYSE:UDR) Given New $48.00 Price Target at Scotiabank

UDR (NYSE:UDR) had its target price decreased by research analysts at Scotiabank from $49.00 to $48.00 in a report released on Thursday,Benzinga reports. The firm currently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s target price would indicate a potential upside of 7.21% from the stock’s current price.

UDR has been the subject of a number of other research reports. BNP Paribas started coverage on shares of UDR in a research report on Wednesday, September 11th. They set an “outperform” rating and a $49.00 target price for the company. UBS Group lifted their target price on UDR from $48.00 to $52.00 and gave the stock a “buy” rating in a report on Thursday, September 12th. Deutsche Bank Aktiengesellschaft raised their price target on UDR from $40.00 to $44.00 and gave the company a “hold” rating in a report on Tuesday, September 10th. The Goldman Sachs Group assumed coverage on shares of UDR in a research report on Wednesday, September 4th. They issued a “sell” rating and a $42.00 price target on the stock. Finally, Wedbush upped their price target on shares of UDR from $45.00 to $49.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $45.18.

UDR Price Performance

NYSE UDR traded down $0.42 during trading hours on Thursday, reaching $44.77. The company’s stock had a trading volume of 96,830 shares, compared to its average volume of 2,499,407. UDR has a 1 year low of $32.37 and a 1 year high of $47.55. The company has a quick ratio of 5.91, a current ratio of 5.91 and a debt-to-equity ratio of 1.69. The company has a market capitalization of $14.77 billion, a price-to-earnings ratio of 121.00, a PEG ratio of 12.29 and a beta of 0.85. The firm’s 50-day moving average price is $44.62 and its 200-day moving average price is $42.01.

Institutional Trading of UDR

Several institutional investors and hedge funds have recently modified their holdings of the stock. CWM LLC lifted its holdings in shares of UDR by 10.0% in the 3rd quarter. CWM LLC now owns 3,802 shares of the real estate investment trust’s stock worth $172,000 after buying an additional 347 shares during the period. Empowered Funds LLC increased its position in UDR by 7.1% during the 3rd quarter. Empowered Funds LLC now owns 5,246 shares of the real estate investment trust’s stock valued at $238,000 after purchasing an additional 350 shares during the period. Mather Group LLC. raised its holdings in shares of UDR by 58.2% in the 3rd quarter. Mather Group LLC. now owns 998 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 367 shares in the last quarter. Truist Financial Corp lifted its position in shares of UDR by 0.6% in the 2nd quarter. Truist Financial Corp now owns 66,673 shares of the real estate investment trust’s stock worth $2,744,000 after purchasing an additional 414 shares during the period. Finally, TCV Trust & Wealth Management Inc. boosted its stake in shares of UDR by 8.2% during the third quarter. TCV Trust & Wealth Management Inc. now owns 5,589 shares of the real estate investment trust’s stock valued at $253,000 after purchasing an additional 424 shares in the last quarter. 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.