Mizuho Issues Pessimistic Forecast for UDR (NYSE:UDR) Stock Price

UDR (NYSE:UDR) had its target price dropped by stock analysts at Mizuho from $47.00 to $45.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the real estate investment trust’s stock. Mizuho’s price target suggests a potential upside of 4.46% from the stock’s current price.

Several other research analysts have also commented on UDR. Barclays assumed coverage on UDR in a report on Tuesday, December 17th. They set an “overweight” rating and a $50.00 price objective for the company. Evercore ISI lifted their price objective on shares of UDR from $42.00 to $43.00 and gave the stock an “in-line” rating in a report on Monday, September 9th. BNP Paribas began coverage on UDR in a research note on Wednesday, September 11th. They issued an “outperform” rating and a $49.00 target price on the stock. UBS Group lifted their price target on UDR from $48.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, September 12th. Finally, StockNews.com cut UDR from a “hold” rating to a “sell” rating in a report on Thursday. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $46.35.

UDR Price Performance

NYSE:UDR opened at $43.08 on Monday. UDR has a 52-week low of $34.19 and a 52-week high of $47.55. The stock has a fifty day moving average of $44.13 and a 200 day moving average of $43.40. The company has a debt-to-equity ratio of 1.69, a quick ratio of 5.91 and a current ratio of 5.91. The firm has a market capitalization of $14.21 billion, a price-to-earnings ratio of 116.44, a P/E/G ratio of 12.34 and a beta of 0.87.

Institutional Trading of UDR

Several large investors have recently added to or reduced their stakes in the stock. Activest Wealth Management purchased a new stake in shares of UDR in the 3rd quarter worth about $27,000. Brooklyn Investment Group purchased a new stake in UDR in the third quarter worth about $33,000. Quest Partners LLC bought a new stake in UDR during the 2nd quarter valued at approximately $37,000. Continuum Advisory LLC grew its holdings in shares of UDR by 5,335.3% during the 3rd quarter. Continuum Advisory LLC now owns 924 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 907 shares during the period. Finally, Mather Group LLC. grew its holdings in shares of UDR by 58.2% during the 3rd quarter. Mather Group LLC. now owns 998 shares of the real estate investment trust’s stock worth $45,000 after acquiring an additional 367 shares during the period. 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.