UDR (NYSE:UDR) Downgraded by StockNews.com to Sell

UDR (NYSE:UDR) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Thursday.

Several other research analysts also recently commented on UDR. UBS Group upped their price target on UDR from $48.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday, September 12th. Deutsche Bank Aktiengesellschaft upped their target price on shares of UDR from $40.00 to $44.00 and gave the stock a “hold” rating in a report on Tuesday, September 10th. Evercore ISI raised their price target on shares of UDR from $42.00 to $43.00 and gave the company an “in-line” rating in a report on Monday, September 9th. Royal Bank of Canada decreased their price target on shares of UDR from $46.00 to $45.00 and set a “sector perform” rating on the stock in a report on Tuesday, November 5th. Finally, Barclays began coverage on UDR in a research report on Tuesday, December 17th. They issued an “overweight” rating and a $50.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, UDR presently has a consensus rating of “Hold” and a consensus price target of $45.94.

UDR Stock Down 2.0 %

Shares of UDR traded down $0.88 during trading hours on Thursday, reaching $42.53. The stock had a trading volume of 2,187,944 shares, compared to its average volume of 2,411,074. The company has a current ratio of 5.91, a quick ratio of 5.91 and a debt-to-equity ratio of 1.69. The firm has a 50-day simple moving average of $44.15 and a 200 day simple moving average of $43.34. The company has a market capitalization of $14.03 billion, a price-to-earnings ratio of 114.95, a P/E/G ratio of 12.34 and a beta of 0.87. UDR has a 12 month low of $34.19 and a 12 month high of $47.55.

Hedge Funds Weigh In On UDR

Large investors have recently made changes to their positions in the business. Activest Wealth Management purchased a new position in UDR in the 3rd quarter worth approximately $27,000. Brooklyn Investment Group bought a new position in shares of UDR during the third quarter valued at $33,000. Rothschild Investment LLC purchased a new stake in shares of UDR during the second quarter valued at $35,000. Quest Partners LLC bought a new stake in UDR in the 2nd quarter worth about $37,000. Finally, International Assets Investment Management LLC bought a new stake in UDR in the 2nd quarter worth about $40,000. 97.84% of the stock is currently owned by hedge funds and other institutional investors.

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.