Jefferies Financial Group initiated coverage on shares of UDR (NYSE:UDR) in a report issued on Monday. The brokerage issued a hold rating and a $38.00 price target on the real estate investment trust’s stock. Jefferies Financial Group also issued estimates for UDR’s Q2 2018 earnings at $0.48 EPS, Q3 2018 earnings at $0.48 EPS, Q4 2018 earnings at $0.50 EPS, FY2018 earnings at $1.93 EPS, FY2019 earnings at $2.10 EPS and FY2020 earnings at $2.25 EPS.

Several other research firms have also weighed in on UDR. Bank of America lifted their target price on shares of UDR from $41.00 to $42.00 and gave the company a buy rating in a report on Friday, June 8th. Stifel Nicolaus raised shares of UDR from a hold rating to a buy rating and lifted their target price for the company from $38.00 to $40.00 in a report on Thursday, May 31st. ValuEngine raised shares of UDR from a sell rating to a hold rating in a report on Thursday, May 31st. BMO Capital Markets reaffirmed a hold rating and set a $38.00 target price on shares of UDR in a report on Wednesday, April 25th. Finally, Sandler O’Neill set a $38.00 target price on shares of UDR and gave the company a hold rating in a report on Monday, March 19th. Thirteen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. UDR has a consensus rating of Hold and an average price target of $39.17.

UDR opened at $36.68 on Monday, according to MarketBeat.com. UDR has a 12-month low of $32.88 and a 12-month high of $40.71. The company has a quick ratio of 5.83, a current ratio of 5.83 and a debt-to-equity ratio of 1.30. The company has a market cap of $9.97 billion, a price-to-earnings ratio of 19.61, a price-to-earnings-growth ratio of 3.33 and a beta of 0.36.

UDR (NYSE:UDR) last posted its quarterly earnings results on Wednesday, April 25th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.17). UDR had a return on equity of 6.57% and a net margin of 17.65%. The business had revenue of $253.31 million for the quarter, compared to analysts’ expectations of $252.02 million. During the same period in the prior year, the business posted $0.45 earnings per share. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. analysts expect that UDR will post 1.93 EPS for the current year.

In related news, VP Warren L. Troupe sold 30,000 shares of UDR stock in a transaction on Friday, March 16th. The shares were sold at an average price of $35.91, for a total value of $1,077,300.00. Following the sale, the vice president now owns 528,378 shares of the company’s stock, valued at approximately $18,974,053.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Thomas W. Toomey sold 13,000 shares of UDR stock in a transaction on Wednesday, March 28th. The shares were sold at an average price of $35.50, for a total transaction of $461,500.00. Following the completion of the sale, the chief executive officer now directly owns 1,149,390 shares in the company, valued at approximately $40,803,345. The disclosure for this sale can be found here. Insiders sold a total of 93,000 shares of company stock worth $3,336,800 in the last three months. 3.16% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in UDR. Centersquare Investment Management LLC acquired a new stake in UDR in the 1st quarter valued at $151,676,000. Deutsche Bank AG grew its stake in UDR by 271.1% in the 4th quarter. Deutsche Bank AG now owns 3,011,378 shares of the real estate investment trust’s stock valued at $115,993,000 after acquiring an additional 2,200,003 shares during the period. Barings LLC acquired a new stake in UDR in the 1st quarter valued at $75,583,000. Renaissance Technologies LLC grew its stake in UDR by 20.2% in the 4th quarter. Renaissance Technologies LLC now owns 7,889,498 shares of the real estate investment trust’s stock valued at $303,903,000 after acquiring an additional 1,327,664 shares during the period. Finally, BlackRock Inc. grew its stake in UDR by 1.3% in the 1st quarter. BlackRock Inc. now owns 29,734,095 shares of the real estate investment trust’s stock valued at $1,059,128,000 after acquiring an additional 389,191 shares during the period. 97.13% 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 properties in targeted U.S.

Analyst Recommendations for UDR (NYSE:UDR)

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