UDR (UDR) Upgraded to “In-Line” at Evercore ISI
Several other research analysts also recently commented on UDR. Morgan Stanley raised UDR from an underweight rating to an equal weight rating in a report on Wednesday, August 16th. They noted that the move was a valuation call. KeyCorp restated a hold rating on shares of UDR in a research report on Friday, August 25th. Stifel Nicolaus restated a hold rating and issued a $41.00 price objective on shares of UDR in a research report on Friday, September 1st. UBS upgraded shares of UDR from a neutral rating to a buy rating and boosted their price objective for the stock from $39.00 to $43.00 in a research report on Friday, September 8th. Finally, Cantor Fitzgerald restated a buy rating and issued a $42.00 price objective on shares of UDR in a research report on Wednesday, September 13th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $40.14.
Shares of UDR (UDR) traded up $0.20 on Monday, hitting $39.23. The stock had a trading volume of 1,279,300 shares, compared to its average volume of 1,363,464. The firm has a market cap of $10,450.52, a P/E ratio of 21.10, a P/E/G ratio of 3.39 and a beta of 0.39. The company has a quick ratio of 5.45, a current ratio of 5.45 and a debt-to-equity ratio of 1.31. UDR has a fifty-two week low of $34.06 and a fifty-two week high of $40.71.
In other UDR news, Director Jon A. Grove sold 7,500 shares of the company’s stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $37.74, for a total transaction of $283,050.00. Following the completion of the sale, the director now owns 452,808 shares in the company, valued at approximately $17,088,973.92. 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 the company’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $37.93, for a total transaction of $1,137,900.00. The disclosure for this sale can be found here. Insiders own 3.07% of the company’s stock.
Several institutional investors have recently modified their holdings of the business. Norinchukin Bank The raised its position in shares of UDR by 7.3% during the 3rd quarter. Norinchukin Bank The now owns 19,915 shares of the real estate investment trust’s stock valued at $757,000 after acquiring an additional 1,360 shares during the last quarter. WESCAP Management Group Inc. raised its position 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 valued at $416,000 after acquiring an additional 3,890 shares during the last quarter. ING Groep NV raised its position in shares of UDR by 69.1% during the 3rd quarter. ING Groep NV now owns 23,124 shares of the real estate investment trust’s stock valued at $879,000 after acquiring an additional 9,448 shares during the last quarter. Finally, Quantitative Investment Management LLC raised its position in shares of UDR by 429.7% during the 2nd quarter. Quantitative Investment Management LLC now owns 151,500 shares of the real estate investment trust’s stock valued at $5,903,000 after acquiring an additional 122,900 shares during the last quarter. Institutional investors own 96.62% of the company’s stock.
UDR Company Profile
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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