UDR (NYSE:UDR) Downgraded to “Hold” Rating by Truist Financial

UDR (NYSE:UDR) was downgraded by equities researchers at Truist Financial from a “buy” rating to a “hold” rating in a report released on Monday,Briefing.com Automated Import reports. They currently have a $46.00 price target on the real estate investment trust’s stock, up from their prior price target of $45.00. Truist Financial’s target price suggests a potential upside of 3.53% from the stock’s current price.

Several other equities research analysts also recently commented on the company. StockNews.com raised UDR from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Wells Fargo & Company reduced their price objective on shares of UDR from $48.00 to $45.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Barclays dropped their target price on shares of UDR from $50.00 to $48.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Jefferies Financial Group downgraded shares of UDR from a “buy” rating to a “hold” rating and reduced their price target for the company from $50.00 to $45.00 in a research report on Thursday, January 2nd. Finally, Royal Bank of Canada raised 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 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, the stock currently has an average rating of “Hold” and an average price target of $46.12.

UDR Stock Performance

NYSE:UDR opened at $44.43 on Monday. The company has a 50-day moving average of $42.47 and a 200-day moving average of $43.80. The firm has a market cap of $14.71 billion, a price-to-earnings ratio of 177.72, a price-to-earnings-growth ratio of 8.67 and a beta of 0.88. The company has a current ratio of 5.61, a quick ratio of 5.91 and a debt-to-equity ratio of 1.71. UDR has a twelve month low of $35.14 and a twelve month high of $47.55.

UDR (NYSE:UDR) last issued its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share 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%. Analysts forecast that UDR will post 2.51 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Thomas W. Toomey sold 25,000 shares of UDR stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $42.75, for a total value of $1,068,750.00. Following the completion of the sale, the chief executive officer now owns 824,716 shares of the company’s stock, valued at approximately $35,256,609. The trade was a 2.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.73% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On UDR

Institutional investors have recently bought and sold shares of the stock. State of New Jersey Common Pension Fund D boosted its stake in shares of UDR by 3.1% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 337,524 shares of the real estate investment trust’s stock worth $15,303,000 after acquiring an additional 10,000 shares in the last quarter. Los Angeles Capital Management LLC lifted its holdings in UDR by 1,665.3% in the 3rd quarter. Los Angeles Capital Management LLC now owns 369,448 shares of the real estate investment trust’s stock worth $16,751,000 after purchasing an additional 348,520 shares during the last quarter. Catalytic Wealth RIA LLC boosted its position in UDR by 33.1% during the third quarter. Catalytic Wealth RIA LLC now owns 7,493 shares of the real estate investment trust’s stock worth $340,000 after purchasing an additional 1,864 shares during the period. Venturi Wealth Management LLC grew its holdings in UDR by 7.0% during the third quarter. Venturi Wealth Management LLC now owns 19,416 shares of the real estate investment trust’s stock valued at $880,000 after purchasing an additional 1,270 shares during the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd bought a new position in shares of UDR in the third quarter valued at approximately $6,521,000. 97.84% of the stock is currently owned by institutional investors.

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.