UDR (NYSE:UDR) Stock Rating Lowered by StockNews.com

UDR (NYSE:UDR) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Wednesday.

A number of other brokerages have also recently commented on UDR. BNP Paribas began coverage on UDR in a research report on Wednesday, September 11th. They issued an “outperform” rating and a $49.00 price target for the company. Piper Sandler upped their price target on UDR from $40.00 to $46.00 and gave the stock a “neutral” rating in a research report on Monday, August 26th. Wedbush upped their price target on UDR from $45.00 to $49.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. UBS Group upped their price target on UDR from $48.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, September 12th. Finally, BMO Capital Markets upgraded UDR from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $39.00 to $45.00 in a research report on Monday, July 15th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $45.24.

UDR Stock Up 0.6 %

UDR stock opened at $43.54 on Wednesday. The stock has a market cap of $14.37 billion, a PE ratio of 117.68, a price-to-earnings-growth ratio of 9.18 and a beta of 0.85. The company has a debt-to-equity ratio of 1.69, a quick ratio of 5.91 and a current ratio of 5.91. UDR has a one year low of $31.87 and a one year high of $47.55. The stock has a fifty day moving average of $44.62 and a 200 day moving average of $41.79.

Hedge Funds Weigh In On UDR

Several institutional investors have recently added to or reduced their stakes in UDR. Capital Research Global Investors purchased a new position in UDR during the 1st quarter valued at approximately $176,137,000. Mizuho Securities USA LLC grew its holdings in UDR by 8,460.5% during the 3rd quarter. Mizuho Securities USA LLC now owns 2,000,000 shares of the real estate investment trust’s stock valued at $90,680,000 after buying an additional 1,976,637 shares in the last quarter. Millennium Management LLC grew its holdings in UDR by 115.3% during the 2nd quarter. Millennium Management LLC now owns 3,499,150 shares of the real estate investment trust’s stock valued at $143,990,000 after buying an additional 1,874,096 shares in the last quarter. Centersquare Investment Management LLC grew its holdings 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 valued at $363,688,000 after buying an additional 1,433,463 shares in the last quarter. Finally, PGGM Investments boosted its holdings in shares of UDR by 38.2% in the 1st quarter. PGGM Investments now owns 3,211,724 shares of the real estate investment trust’s stock worth $120,151,000 after purchasing an additional 887,060 shares during the period. Hedge funds and other 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.