UDR (NYSE:UDR) Reaches New 52-Week High at $47.33

UDR, Inc. (NYSE:UDR)’s share price hit a new 52-week high on Monday . The stock traded as high as $47.33 and last traded at $47.33, with a volume of 756 shares trading hands. The stock had previously closed at $47.13.

Wall Street Analyst Weigh In

Several brokerages have commented on UDR. Deutsche Bank Aktiengesellschaft boosted their price target on shares of UDR from $40.00 to $44.00 and gave the stock a “hold” rating in a research report on Tuesday, September 10th. Wedbush increased their price objective on UDR from $45.00 to $49.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. BNP Paribas initiated coverage on UDR in a research report on Wednesday, September 11th. They set an “outperform” rating and a $49.00 target price on the stock. BMO Capital Markets upgraded UDR from a “market perform” rating to an “outperform” rating and increased their price target for the company from $39.00 to $45.00 in a research report on Monday, July 15th. Finally, Truist Financial boosted their price target on shares of UDR from $44.00 to $47.00 and gave the company a “buy” rating in a report on Monday, August 26th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $43.67.

UDR Trading Up 0.4 %

The stock has a market cap of $15.59 billion, a P/E ratio of 34.15, a PEG ratio of 10.21 and a beta of 0.85. The business’s 50 day simple moving average is $42.37 and its 200 day simple moving average is $39.76. The company has a debt-to-equity ratio of 1.57, a current ratio of 5.82 and a quick ratio of 5.82.

UDR (NYSE:UDR) last announced its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.08 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.53). UDR had a return on equity of 3.70% and a net margin of 8.34%. The business had revenue of $415.30 million during the quarter, compared to analyst estimates of $413.75 million. During the same period in the previous year, the firm earned $0.61 earnings per share. The firm’s revenue was up 2.7% compared to the same quarter last year. On average, analysts expect that UDR, Inc. will post 2.46 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Principal Securities Inc. acquired a new stake in UDR in the fourth quarter worth about $26,000. Fidelis Capital Partners LLC acquired a new position in UDR in the first quarter valued at about $26,000. Family Firm Inc. acquired a new position in shares of UDR during the 2nd quarter worth about $26,000. Quest Partners LLC acquired a new stake in shares of UDR in the 4th quarter valued at approximately $27,000. Finally, UMB Bank n.a. acquired a new position in UDR during the second quarter valued at approximately $33,000. Institutional investors and hedge funds 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.