UDR (UDR) Given a $38.00 Price Target at Sandler O’Neill
A number of other research analysts also recently weighed in on the company. Evercore ISI upgraded UDR from an underperform rating to an in-line rating in a research note on Monday, December 11th. SunTrust Banks downgraded UDR from a buy rating to a hold rating and set a $41.00 price target for the company. in a research note on Wednesday, November 29th. Zacks Investment Research downgraded UDR from a hold rating to a sell rating in a research note on Saturday, January 6th. BMO Capital Markets restated a hold rating and issued a $41.00 price target on shares of UDR in a research note on Monday, November 27th. Finally, TheStreet downgraded UDR from a b- rating to a c rating in a research note on Tuesday, February 6th. Thirteen research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $38.71.
Shares of UDR stock opened at $34.77 on Monday. UDR has a 1 year low of $32.88 and a 1 year high of $40.71. The stock has a market capitalization of $9,500.91, a P/E ratio of 82.07, a P/E/G ratio of 3.29 and a beta of 0.41. The company has a debt-to-equity ratio of 1.32, a current ratio of 4.93 and a quick ratio of 4.93.
In other news, CEO Thomas W. Toomey sold 20,000 shares of UDR stock in a transaction that occurred on Friday, March 16th. The stock was sold at an average price of $35.90, for a total transaction of $718,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,162,390 shares in the company, valued at approximately $41,729,801. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Warren L. Troupe sold 30,000 shares of UDR stock in a transaction that occurred on Friday, March 16th. The stock was sold at an average price of $35.91, for a total value of $1,077,300.00. Following the transaction, the vice president now owns 528,378 shares of the company’s stock, valued at $18,974,053.98. The disclosure for this sale can be found here. Insiders own 3.07% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Jane Street Group LLC bought a new position in shares of UDR during the 4th quarter worth approximately $223,000. Bbva Compass Bancshares Inc. bought a new position in shares of UDR during the 4th quarter worth approximately $227,000. Fox Run Management L.L.C. boosted its stake in shares of UDR by 51.8% during the 4th quarter. Fox Run Management L.L.C. now owns 8,500 shares of the real estate investment trust’s stock worth $327,000 after acquiring an additional 2,900 shares during the period. Ackerman Capital Advisors LLC bought a new position in shares of UDR during the 4th quarter worth approximately $382,000. Finally, WESCAP Management Group Inc. boosted its stake in shares of UDR by 55.1% during the 3rd quarter. WESCAP Management Group Inc. now owns 10,949 shares of the real estate investment trust’s stock worth $416,000 after acquiring an additional 3,890 shares during the period. Institutional investors own 97.65% of the company’s stock.
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UDR, Inc is a self-administered real estate investment trust. The Company owns, operates, acquires, renovates, develops, redevelops, disposes of and manages multifamily apartment communities generally located in various markets across the United States. The Company’s segments are Same-Store Communities and Non-Mature Communities/Other.
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