JPMorgan Chase & Co. Raises UDR (NYSE:UDR) Price Target to $50.00

UDR (NYSE:UDR) had its target price increased by JPMorgan Chase & Co. from $43.00 to $50.00 in a research note published on Monday, Benzinga reports. The firm currently has an overweight rating on the real estate investment trust’s stock.

A number of other brokerages also recently commented on UDR. Truist Financial lifted their target price on UDR from $44.00 to $47.00 and gave the company a buy rating in a research note on Monday, August 26th. Deutsche Bank Aktiengesellschaft upped their price objective on UDR from $40.00 to $44.00 and gave the stock a hold rating in a research note on Tuesday, September 10th. Royal Bank of Canada cut their target price on UDR from $41.00 to $40.00 and set a sector perform rating on the stock in a research note on Thursday, August 1st. Evercore ISI upped their price target on shares of UDR from $42.00 to $43.00 and gave the stock an in-line rating in a research report on Monday, September 9th. Finally, The Goldman Sachs Group began coverage on shares of UDR in a report on Wednesday, September 4th. They issued a sell rating and a $42.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat, UDR currently has a consensus rating of Hold and an average price target of $44.28.

UDR Price Performance

Shares of NYSE UDR opened at $46.19 on Monday. The company has a current ratio of 5.82, a quick ratio of 5.82 and a debt-to-equity ratio of 1.57. The company has a market capitalization of $15.23 billion, a price-to-earnings ratio of 33.47, a price-to-earnings-growth ratio of 10.30 and a beta of 0.85. UDR has a twelve month low of $30.95 and a twelve month high of $47.55. The business has a 50 day simple moving average of $42.72 and a 200-day simple moving average of $39.96.

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Family Firm Inc. bought a new stake in UDR in the second quarter worth about $26,000. Principal Securities Inc. bought a new stake in UDR in the fourth quarter worth about $26,000. Fidelis Capital Partners LLC bought a new stake in UDR in the first quarter worth about $26,000. Quest Partners LLC bought a new stake in UDR in the fourth quarter worth about $27,000. Finally, UMB Bank n.a. bought a new stake in UDR in the second quarter worth about $33,000. 97.84% of the stock is 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 communities in targeted U.S.