UDR (NYSE:UDR) Given New $50.00 Price Target at JPMorgan Chase & Co.

UDR (NYSE:UDR) had its target price lifted by stock analysts at JPMorgan Chase & Co. from $43.00 to $50.00 in a research report issued on Monday, Benzinga reports. The brokerage currently has an “overweight” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 6.25% from the stock’s current price.

Other equities analysts have also issued reports about the stock. Scotiabank raised their target price on shares of UDR from $43.00 to $45.00 and gave the stock a “sector perform” rating in a research report on Monday, August 26th. Wells Fargo & Company upped their price target on shares of UDR from $41.00 to $48.00 and gave the company an “overweight” rating in a report on Monday, August 26th. Royal Bank of Canada dropped their price objective on UDR from $41.00 to $40.00 and set a “sector perform” rating for the company in a research report on Thursday, August 1st. The Goldman Sachs Group initiated coverage on shares of UDR in a research note on Wednesday, September 4th. They set a “sell” rating and a $42.00 price objective on the stock. Finally, Evercore ISI raised their target price on shares of UDR from $42.00 to $43.00 and gave the stock an “in-line” rating in a research report on Monday, September 9th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, UDR has a consensus rating of “Hold” and an average target price of $44.06.

UDR Price Performance

NYSE:UDR traded down $0.07 during trading hours on Monday, reaching $47.06. 412,398 shares of the company were exchanged, compared to its average volume of 2,587,913. The firm has a market cap of $15.50 billion, a PE ratio of 34.09, a price-to-earnings-growth ratio of 10.21 and a beta of 0.85. The stock’s 50-day moving average is $42.37 and its 200-day moving average is $39.76. The company has a current ratio of 5.82, a quick ratio of 5.82 and a debt-to-equity ratio of 1.57. UDR has a twelve month low of $30.95 and a twelve month high of $47.54.

UDR (NYSE:UDR) last posted its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.53). The company had revenue of $415.30 million during the quarter, compared to analyst estimates of $413.75 million. UDR had a net margin of 8.34% and a return on equity of 3.70%. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.61 EPS. On average, sell-side analysts anticipate that UDR will post 2.46 earnings per share for the current fiscal year.

Institutional Investors Weigh In On UDR

Institutional investors and hedge funds have recently bought and sold shares of the company. Family Firm Inc. acquired a new position in UDR in the 2nd quarter worth about $26,000. Principal Securities Inc. acquired a new position in UDR during the fourth quarter worth $26,000. Fidelis Capital Partners LLC acquired a new position in UDR during the 1st quarter valued at about $26,000. Quest Partners LLC purchased a new stake in UDR in the 4th quarter valued at $27,000. Finally, UMB Bank n.a. bought a new position in shares of UDR during the second quarter valued at about $33,000. Institutional investors own 97.84% of the company’s stock.

UDR Company Profile

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.