UDR (NYSE:UDR) Price Target Raised to $44.00 at Deutsche Bank Aktiengesellschaft

UDR (NYSE:UDR) had its price target upped by research analysts at Deutsche Bank Aktiengesellschaft from $40.00 to $44.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage presently has a “hold” rating on the real estate investment trust’s stock. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential downside of 4.31% from the stock’s previous close.

UDR has been the subject of a number of other reports. Truist Financial upped their price objective on shares of UDR from $44.00 to $47.00 and gave the company a “buy” rating in a research report on Monday, August 26th. Morgan Stanley upped their target price on shares of UDR from $37.00 to $40.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 14th. UBS Group upped their target price on shares of UDR from $44.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Wells Fargo & Company upped their target price on shares of UDR from $41.00 to $48.00 and gave the company an “overweight” rating in a research note on Monday, August 26th. Finally, The Goldman Sachs Group began coverage on shares of UDR in a research note on Wednesday, September 4th. They set a “sell” rating and a $42.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $43.44.

UDR Price Performance

UDR stock opened at $45.98 on Tuesday. The firm has a 50 day moving average of $42.13 and a 200-day moving average of $39.57. UDR has a 12-month low of $30.95 and a 12-month high of $46.03. The company has a current ratio of 5.82, a quick ratio of 5.82 and a debt-to-equity ratio of 1.57. The company has a market cap of $15.14 billion, a price-to-earnings ratio of 33.32, a PEG ratio of 9.66 and a beta of 0.85.

UDR (NYSE:UDR) last announced its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.53). UDR had a net margin of 8.34% and a return on equity of 3.70%. The company had revenue of $415.30 million for the quarter, compared to analysts’ expectations of $413.75 million. During the same period in the prior year, the firm earned $0.61 earnings per share. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. As a group, equities analysts expect that UDR will post 2.46 EPS for the current fiscal year.

Institutional Trading of UDR

Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in UDR by 0.5% during the first quarter. Vanguard Group Inc. now owns 51,063,214 shares of the real estate investment trust’s stock worth $1,910,275,000 after acquiring an additional 233,475 shares during the period. Norges Bank acquired a new stake in UDR during the 4th quarter worth approximately $1,065,482,000. Cohen & Steers Inc. boosted its position in UDR by 3.8% during the 4th quarter. Cohen & Steers Inc. now owns 26,775,574 shares of the real estate investment trust’s stock worth $1,025,351,000 after buying an additional 984,807 shares during the period. Centersquare Investment Management LLC boosted its position in UDR by 17.7% during the 1st quarter. Centersquare Investment Management LLC now owns 9,550,638 shares of the real estate investment trust’s stock worth $363,688,000 after buying an additional 1,433,463 shares during the period. Finally, Daiwa Securities Group Inc. lifted its position in shares of UDR by 22.3% in the 1st quarter. Daiwa Securities Group Inc. now owns 7,467,881 shares of the real estate investment trust’s stock worth $279,373,000 after purchasing an additional 1,359,804 shares during the period. Institutional investors and hedge funds 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.