Wells Fargo & Company Has Lowered Expectations for UDR (NYSE:UDR) Stock Price

UDR (NYSE:UDR) had its target price decreased by investment analysts at Wells Fargo & Company from $48.00 to $45.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s price objective indicates a potential upside of 11.77% from the stock’s previous close.

Several other analysts also recently weighed in on UDR. Mizuho decreased their target price on UDR from $47.00 to $45.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. StockNews.com downgraded UDR from a “hold” rating to a “sell” rating in a research report on Thursday, January 2nd. Royal Bank of Canada decreased their target price on UDR from $46.00 to $45.00 and set a “sector perform” rating for the company in a research report on Tuesday, November 5th. Scotiabank decreased their target price on 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 decreased their target price on UDR from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Friday. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, UDR has an average rating of “Hold” and an average price target of $46.06.

UDR Trading Down 0.1 %

UDR traded down $0.06 during trading on Friday, reaching $40.26. The company had a trading volume of 118,171 shares, compared to its average volume of 1,908,752. The stock has a market cap of $13.28 billion, a P/E ratio of 108.84, a PEG ratio of 11.03 and a beta of 0.89. The business has a 50 day simple moving average of $43.51 and a 200-day simple moving average of $43.40. UDR has a 52 week low of $34.19 and a 52 week 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.

Institutional Investors Weigh In On UDR

A number of large investors have recently modified their holdings of the business. FMR LLC grew its stake in shares of UDR by 14.8% during the third quarter. FMR LLC now owns 11,401,026 shares of the real estate investment trust’s stock worth $516,923,000 after acquiring an additional 1,471,855 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of 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 acquiring an additional 368,087 shares during the last quarter. Daiwa Securities Group Inc. grew its stake 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 acquiring an additional 159,625 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of UDR by 2.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,272,032 shares of the real estate investment trust’s stock worth $193,694,000 after acquiring an additional 117,213 shares during the last quarter. Finally, Millennium Management LLC grew its stake in shares of UDR by 115.3% during the second quarter. Millennium Management LLC now owns 3,499,150 shares of the real estate investment trust’s stock worth $143,990,000 after acquiring an additional 1,874,096 shares during the last quarter. Hedge funds and other 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.