UDR (NYSE:UDR) Stock Rating Lowered by Scotiabank

UDR (NYSE:UDR) was downgraded by equities research analysts at Scotiabank from a “sector outperform” rating to a “sector perform” rating in a research report issued to clients and investors on Wednesday, Marketbeat Ratings reports. They currently have a $39.00 price objective on the real estate investment trust’s stock. Scotiabank’s price objective would suggest a potential upside of 2.42% from the stock’s current price.

UDR has been the topic of a number of other reports. Mizuho lowered their price objective on shares of UDR from $38.00 to $35.00 and set a “neutral” rating on the stock in a report on Wednesday, February 28th. Deutsche Bank Aktiengesellschaft began coverage on shares of UDR in a research note on Tuesday, January 30th. They issued a “hold” rating and a $40.00 price target on the stock. Wells Fargo & Company upgraded shares of UDR from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $34.00 to $39.00 in a research note on Monday, March 4th. UBS Group upgraded UDR from a “neutral” rating to a “buy” rating and raised their price objective for the company from $38.00 to $44.00 in a report on Thursday, April 25th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $37.00 target price on shares of UDR in a report on Monday, February 26th. Twelve equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $41.44.

UDR Stock Down 0.5 %

Shares of UDR stock opened at $38.08 on Wednesday. The firm has a market cap of $12.54 billion, a PE ratio of 28.42, a P/E/G ratio of 3.07 and a beta of 0.80. The business’s 50 day simple moving average is $36.82 and its 200 day simple moving average is $35.98. The company has a debt-to-equity ratio of 1.47, a quick ratio of 5.15 and a current ratio of 5.15. UDR has a 52-week low of $30.95 and a 52-week high of $44.02.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Exchange Traded Concepts LLC boosted its holdings in shares of UDR by 5.0% during the third quarter. Exchange Traded Concepts LLC now owns 6,302 shares of the real estate investment trust’s stock worth $225,000 after acquiring an additional 299 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in UDR by 15.4% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 101,205 shares of the real estate investment trust’s stock valued at $3,610,000 after purchasing an additional 13,500 shares during the period. Xponance Inc. grew its holdings in UDR by 4.8% in the 3rd quarter. Xponance Inc. now owns 47,626 shares of the real estate investment trust’s stock valued at $1,699,000 after buying an additional 2,165 shares in the last quarter. Vert Asset Management LLC grew its holdings in UDR by 1.2% in the 3rd quarter. Vert Asset Management LLC now owns 127,780 shares of the real estate investment trust’s stock valued at $4,558,000 after buying an additional 1,569 shares in the last quarter. Finally, Forsta AP Fonden increased its position in UDR by 10.4% during the 3rd quarter. Forsta AP Fonden now owns 63,600 shares of the real estate investment trust’s stock worth $2,269,000 after buying an additional 6,000 shares during the period. Institutional investors and hedge funds own 97.84% of the company’s stock.

About UDR

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.