UDR (NYSE:UDR) Earns Overweight Rating from Analysts at Barclays

Equities research analysts at Barclays assumed coverage on shares of UDR (NYSE:UDR) in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage set an “overweight” rating and a $50.00 price target on the real estate investment trust’s stock. Barclays‘s price target points to a potential upside of 11.76% from the stock’s previous close.

A number of other equities analysts have also recently commented on the stock. Scotiabank cut their price target on shares of UDR from $49.00 to $48.00 and set a “sector perform” rating for the company in a research note on Thursday, November 14th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of UDR from $40.00 to $44.00 and gave the company a “hold” rating in a research note on Tuesday, September 10th. The Goldman Sachs Group began coverage on shares of UDR in a report on Wednesday, September 4th. They set a “sell” rating and a $42.00 price target for the company. Piper Sandler upped their price objective on shares of UDR from $40.00 to $46.00 and gave the stock a “neutral” rating in a report on Monday, August 26th. Finally, JPMorgan Chase & Co. increased their price objective on shares of UDR from $43.00 to $50.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $46.00.

UDR Stock Performance

UDR stock opened at $44.74 on Tuesday. The firm’s 50 day simple moving average is $44.38 and its 200 day simple moving average is $43.04. The company has a current ratio of 5.91, a quick ratio of 5.91 and a debt-to-equity ratio of 1.69. The firm has a market capitalization of $14.76 billion, a PE ratio of 120.92, a price-to-earnings-growth ratio of 12.34 and a beta of 0.87. UDR has a 1-year low of $34.19 and a 1-year high of $47.55.

Hedge Funds Weigh In On UDR

Institutional investors and hedge funds have recently made changes to their positions in the stock. FMR LLC lifted its stake in 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 purchasing an additional 1,471,855 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in 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 purchasing an additional 159,625 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in UDR by 2.2% during the second quarter. Dimensional Fund Advisors LP now owns 4,732,429 shares of the real estate investment trust’s stock worth $194,737,000 after purchasing an additional 103,384 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in UDR by 2.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,272,032 shares of the real estate investment trust’s stock valued at $193,694,000 after buying an additional 117,213 shares during the last quarter. Finally, Millennium Management LLC lifted its stake in UDR by 115.3% in the second 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 during the last quarter. 97.84% of the stock is owned by institutional investors and hedge funds.

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.