Mizuho Issues Pessimistic Forecast for UDR (NYSE:UDR) Stock Price

UDR (NYSE:UDR) had its target price cut by investment analysts at Mizuho from $47.00 to $45.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the real estate investment trust’s stock. Mizuho’s price target would suggest a potential upside of 9.52% from the company’s current price.

A number of other research firms also recently weighed in on UDR. JPMorgan Chase & Co. upped their target price on UDR from $43.00 to $50.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. Barclays initiated coverage on shares of UDR in a research note on Tuesday, December 17th. They set an “overweight” rating and a $50.00 price objective on the stock. BNP Paribas initiated coverage on shares of UDR in a research report on Wednesday, September 11th. They issued an “outperform” rating and a $49.00 target price for the company. Jefferies Financial Group lowered shares of UDR from a “buy” rating to a “hold” rating and reduced their price target for the stock from $50.00 to $45.00 in a research report on Thursday, January 2nd. Finally, Scotiabank lowered their price objective on shares of UDR from $49.00 to $48.00 and set a “sector perform” rating for the company in a research report on Thursday, November 14th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $46.35.

UDR Stock Down 1.0 %

NYSE UDR opened at $41.09 on Monday. 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 company has a market cap of $13.56 billion, a price-to-earnings ratio of 111.06, a PEG ratio of 12.34 and a beta of 0.89. The company has a 50 day moving average of $44.03 and a 200-day moving average of $43.41. UDR has a 1-year low of $34.19 and a 1-year high of $47.55.

Institutional Investors Weigh In On UDR

Hedge funds have recently added to or reduced their stakes in the company. FMR LLC boosted its stake in UDR by 14.8% during the 3rd quarter. FMR LLC now owns 11,401,026 shares of the real estate investment trust’s stock valued at $516,923,000 after purchasing an additional 1,471,855 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of UDR by 5.0% during the third quarter. JPMorgan Chase & Co. now owns 7,774,541 shares of the real estate investment trust’s stock valued at $352,498,000 after buying an additional 368,087 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in UDR by 2.3% during the third quarter. Daiwa Securities Group Inc. now owns 7,109,980 shares of the real estate investment trust’s stock worth $322,366,000 after buying an additional 159,625 shares in the last quarter. Dimensional Fund Advisors LP raised its position in UDR by 2.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,732,429 shares of the real estate investment trust’s stock valued at $194,737,000 after buying an additional 103,384 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in UDR by 2.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,272,032 shares of the real estate investment trust’s stock valued at $193,694,000 after acquiring an additional 117,213 shares in the last quarter. 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.