UDR, Inc. (NYSE:UDR) has been given an average rating of “Hold” by the seventeen brokerages that are covering the firm, Marketbeat.com reports. Eleven research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $39.00.
UDR has been the topic of a number of recent analyst reports. Evercore ISI raised shares of UDR from an “underperform” rating to an “in-line” rating in a research report on Monday, December 11th. SunTrust Banks lowered shares of UDR from a “buy” rating to a “hold” rating and set a $41.00 price target on the stock. in a research report on Wednesday, November 29th. BMO Capital Markets reissued a “hold” rating and set a $41.00 price target on shares of UDR in a research report on Monday, November 27th. Zacks Investment Research lowered shares of UDR from a “hold” rating to a “sell” rating in a research report on Saturday, January 6th. Finally, TheStreet lowered shares of UDR from a “b-” rating to a “c” rating in a research report on Tuesday, February 6th.
UDR (NYSE UDR) traded up $0.76 on Tuesday, hitting $35.24. 1,680,000 shares of the company were exchanged, compared to its average volume of 1,619,563. The company has a debt-to-equity ratio of 1.32, a current ratio of 4.93 and a quick ratio of 4.93. UDR has a one year low of $32.88 and a one year high of $40.71. The company has a market capitalization of $9,449.96, a price-to-earnings ratio of 18.84, a P/E/G ratio of 3.27 and a beta of 0.41.
In other news, CEO Thomas W. Toomey sold 20,000 shares of UDR stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $39.20, for a total value of $784,000.00. Following the completion of the transaction, the chief executive officer now owns 1,127,925 shares in the company, valued at $44,214,660. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.07% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the company. Jane Street Group LLC purchased a new position in shares of UDR in the fourth quarter worth about $223,000. Bbva Compass Bancshares Inc. purchased a new position in shares of UDR in the fourth quarter worth about $227,000. Fox Run Management L.L.C. increased its stake in shares of UDR by 51.8% in the fourth quarter. Fox Run Management L.L.C. now owns 8,500 shares of the real estate investment trust’s stock worth $327,000 after purchasing an additional 2,900 shares in the last quarter. Ackerman Capital Advisors LLC purchased a new position in UDR during the fourth quarter valued at approximately $382,000. Finally, WESCAP Management Group Inc. grew its stake in UDR by 55.1% during the third quarter. WESCAP Management Group Inc. now owns 10,949 shares of the real estate investment trust’s stock valued at $416,000 after acquiring an additional 3,890 shares in the last quarter. Hedge funds and other institutional investors own 96.61% of the company’s stock.
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UDR Company Profile
UDR, Inc is a self-administered real estate investment trust. The Company owns, operates, acquires, renovates, develops, redevelops, disposes of and manages multifamily apartment communities generally located in various markets across the United States. The Company’s segments are Same-Store Communities and Non-Mature Communities/Other.
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