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

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 brokerages also recently commented on UDR. JPMorgan Chase & Co. raised their price objective on shares of UDR from $43.00 to $50.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. UBS Group raised their price target on UDR from $48.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, September 12th. Scotiabank lowered their price target on UDR from $49.00 to $48.00 and set a “sector perform” rating on the stock in a report on Thursday, November 14th. Jefferies Financial Group lowered shares of UDR from a “buy” rating to a “hold” rating and cut their price objective for the company from $50.00 to $45.00 in a report on Thursday. Finally, BNP Paribas started coverage on shares of UDR in a report on Wednesday, September 11th. They issued an “outperform” rating and a $49.00 target price on the stock. Two research 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.com, UDR currently has a consensus rating of “Hold” and a consensus target price of $45.94.

UDR Stock Performance

UDR stock traded down $0.88 during midday trading on Thursday, hitting $42.53. The stock had a trading volume of 2,187,944 shares, compared to its average volume of 2,411,074. UDR has a 52-week low of $34.19 and a 52-week high of $47.55. The company has a market capitalization of $14.03 billion, a PE ratio of 114.95, a P/E/G ratio of 12.34 and a beta of 0.87. The firm’s fifty day moving average is $44.15 and its two-hundred day moving average is $43.34. The company has a current ratio of 5.91, a quick ratio of 5.91 and a debt-to-equity ratio of 1.69.

Hedge Funds Weigh In On UDR

Institutional investors and hedge funds have recently modified their holdings of the stock. Activest Wealth Management purchased a new position in shares of UDR during the 3rd quarter worth about $27,000. Brooklyn Investment Group bought a new stake in UDR in the third quarter worth about $33,000. Rothschild Investment LLC purchased a new position in shares of UDR during the second quarter valued at approximately $35,000. Quest Partners LLC bought a new position in shares of UDR during the second quarter valued at approximately $37,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of UDR in the second quarter worth approximately $40,000. Hedge funds and other institutional investors 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.