UDR (UDR) Research Coverage Started at Jefferies Financial Group
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.
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.
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.
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