UDR (NYSE:UDR) Upgraded at Capital One Financial

Capital One Financial upgraded shares of UDR (NYSE:UDR) from an equal weight rating to an overweight rating in a report released on Monday, BenzingaRatingsTable reports. The brokerage currently has $50.00 price target on the real estate investment trust’s stock, up from their prior price target of $45.00. Capital One Financial also issued estimates for UDR’s Q3 2019 earnings at $0.51 EPS, Q4 2019 earnings at $0.54 EPS, FY2019 earnings at $2.08 EPS, Q1 2020 earnings at $0.54 EPS, Q2 2020 earnings at $0.56 EPS, Q3 2020 earnings at $0.55 EPS, Q4 2020 earnings at $0.57 EPS, FY2020 earnings at $2.22 EPS, Q1 2021 earnings at $0.57 EPS, Q2 2021 earnings at $0.58 EPS and FY2021 earnings at $2.33 EPS.

A number of other analysts have also weighed in on the stock. TheStreet raised shares of UDR from a c rating to a b- rating in a research report on Tuesday, July 30th. Wells Fargo & Co raised their target price on shares of UDR from $46.00 to $47.00 and gave the stock a market perform rating in a research report on Tuesday, August 13th. Mizuho raised their target price on shares of UDR from $51.00 to $52.00 and gave the stock a buy rating in a research report on Tuesday, August 13th. Morgan Stanley raised their target price on shares of UDR from $48.00 to $51.00 and gave the stock an equal weight rating in a research report on Friday, September 6th. Finally, ValuEngine raised shares of UDR from a hold rating to a buy rating in a research report on Tuesday, August 27th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $46.08.

UDR stock opened at $48.31 on Monday. The company has a debt-to-equity ratio of 1.32, a current ratio of 6.43 and a quick ratio of 6.43. UDR has a 1-year low of $37.87 and a 1-year high of $49.07. The firm has a market capitalization of $13.94 billion, a P/E ratio of 24.65, a price-to-earnings-growth ratio of 3.54 and a beta of 0.45. The company’s 50-day moving average is $47.43 and its 200 day moving average is $45.78.

In other news, COO Jerry A. Davis sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $45.21, for a total transaction of $452,100.00. Following the transaction, the chief operating officer now directly owns 193,065 shares of the company’s stock, valued at $8,728,468.65. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Joseph D. Fisher sold 3,100 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $48.23, for a total transaction of $149,513.00. Following the transaction, the chief financial officer now directly owns 25,294 shares in the company, valued at $1,219,929.62. The disclosure for this sale can be found here. Company insiders own 2.85% of the company’s stock.

Several large investors have recently modified their holdings of UDR. BlackRock Inc. increased its holdings in UDR by 4.4% during the first quarter. BlackRock Inc. now owns 32,101,918 shares of the real estate investment trust’s stock valued at $1,459,352,000 after buying an additional 1,364,241 shares during the period. Vanguard Group Inc. increased its holdings in UDR by 2.9% during the second quarter. Vanguard Group Inc. now owns 46,343,409 shares of the real estate investment trust’s stock valued at $2,080,355,000 after buying an additional 1,285,702 shares during the period. Balyasny Asset Management LLC increased its holdings in UDR by 488.8% during the second quarter. Balyasny Asset Management LLC now owns 1,126,306 shares of the real estate investment trust’s stock valued at $50,560,000 after buying an additional 935,032 shares during the period. Nuveen Asset Management LLC increased its holdings in UDR by 83.9% during the second quarter. Nuveen Asset Management LLC now owns 1,723,905 shares of the real estate investment trust’s stock valued at $77,386,000 after buying an additional 786,733 shares during the period. Finally, Geode Capital Management LLC increased its holdings in UDR by 11.2% during the fourth quarter. Geode Capital Management LLC now owns 4,572,291 shares of the real estate investment trust’s stock valued at $180,909,000 after buying an additional 458,784 shares during the period. 93.56% of the stock is currently owned by institutional investors and hedge funds.

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 properties in targeted U.S.

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Analyst Recommendations for UDR (NYSE:UDR)

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