UDR (NYSE:UDR) Rating Lowered to “Hold” at Truist Financial

UDR (NYSE:UDR) was downgraded by research analysts at Truist Financial from a “buy” rating to a “hold” rating in a research note issued on Monday, MarketBeat reports. They currently have a $46.00 target price on the real estate investment trust’s stock, up from their prior target price of $45.00. Truist Financial’s price target points to a potential upside of 4.99% from the stock’s current price.

Several other brokerages have also issued reports on UDR. Scotiabank upped their target price on UDR from $48.00 to $49.00 and gave the company a “sector perform” rating in a research report on Friday, February 14th. Mizuho decreased their price objective on shares of UDR from $47.00 to $45.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Jefferies Financial Group cut shares of UDR from a “buy” rating to a “hold” rating and lowered their target price for the stock from $50.00 to $45.00 in a research note on Thursday, January 2nd. Barclays cut their price target on shares of UDR from $50.00 to $48.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Finally, Royal Bank of Canada lifted their price objective on shares of UDR from $43.00 to $44.00 and gave the stock a “sector perform” rating in a research note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $46.12.

UDR Price Performance

UDR opened at $43.81 on Monday. The firm has a market capitalization of $14.51 billion, a PE ratio of 175.26, a price-to-earnings-growth ratio of 8.67 and a beta of 0.88. The company has a debt-to-equity ratio of 1.71, a current ratio of 5.61 and a quick ratio of 5.91. The business’s 50-day moving average is $42.50 and its two-hundred day moving average is $43.82. UDR has a 1 year low of $35.14 and a 1 year high of $47.55.

UDR (NYSE:UDR) last issued its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.53. UDR had a net margin of 5.36% and a return on equity of 2.65%. Research analysts anticipate that UDR will post 2.51 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other UDR news, CEO Thomas W. Toomey sold 25,000 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $42.75, for a total transaction of $1,068,750.00. Following the completion of the transaction, the chief executive officer now directly owns 824,716 shares in the company, valued at approximately $35,256,609. This represents a 2.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 3.73% of the stock is currently owned by company insiders.

Institutional Trading of UDR

A number of institutional investors and hedge funds have recently modified their holdings of UDR. Vanguard Group Inc. boosted its holdings in UDR by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 50,809,731 shares of the real estate investment trust’s stock worth $2,205,650,000 after buying an additional 180,551 shares during the last quarter. Norges Bank acquired a new stake in shares of UDR in the fourth quarter worth approximately $1,273,442,000. Capital Research Global Investors boosted its stake in shares of UDR by 64.1% in the fourth quarter. Capital Research Global Investors now owns 13,060,120 shares of the real estate investment trust’s stock worth $566,940,000 after acquiring an additional 5,101,668 shares during the last quarter. FMR LLC increased its position in shares of UDR by 10.5% during the fourth quarter. FMR LLC now owns 12,592,458 shares of the real estate investment trust’s stock worth $546,639,000 after purchasing an additional 1,191,432 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in UDR by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 7,924,151 shares of the real estate investment trust’s stock valued at $343,129,000 after purchasing an additional 220,293 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.