November 28, 2016 - By Adrian Mccoy
Evercore ISI Group increased shares of UDR (NYSE:UDR) from a Hold rating to Buy rating in a an analyst report issued to clients and investors on Monday, 28 November.
Out of 19 analysts covering UDR Inc (NYSE:UDR), 2 rate it a “Buy”, 3 “Sell”, while 14 “Hold”. This means 11% are positive. $42 is the highest target while $35 is the lowest. The $37.97 average target is 11.38% above today’s ($34.09) stock price. UDR Inc has been the topic of 33 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of UDR, Inc. (NYSE:UDR) has “Mkt Perform” rating given on Tuesday, January 19 by JMP Securities. The firm has “Buy” rating by Mizuho given on Friday, December 18. The stock has “Neutral” rating given by Credit Suisse on Tuesday, October 27. The stock of UDR, Inc. (NYSE:UDR) has “Neutral” rating given on Thursday, December 17 by Robert W. Baird. Zacks upgraded the shares of UDR in a report on Monday, August 17 to “Hold” rating. Stifel Nicolaus maintained it with “Buy” rating and $39 target price in Tuesday, October 27 report. RBC Capital Markets maintained UDR, Inc. (NYSE:UDR) rating on Monday, August 3. RBC Capital Markets has “Sector Perform” rating and $37 price target. Citigroup maintained the stock with “Neutral” rating in Tuesday, August 2 report. The rating was downgraded by Cowen & Co on Tuesday, January 12 to “Market Perform”. The firm earned “Underperform” rating on Monday, April 11 by Bank of America.
About 784,774 shares traded hands. UDR, Inc. (NYSE:UDR) has declined 8.11% since April 25, 2016 and is downtrending. It has underperformed by 14.13% the S&P500.
Analysts await UDR, Inc. (NYSE:UDR) to report earnings on February, 7. They expect $0.46 earnings per share, up 9.52% or $0.04 from last year’s $0.42 per share. UDR’s profit will be $123.47M for 18.53 P/E if the $0.46 EPS becomes a reality. After $0.45 actual earnings per share reported by UDR, Inc. for the previous quarter, Wall Street now forecasts 2.22% EPS growth.
Insitutional Activity: The institutional sentiment decreased to 0.96 in Q2 2016. Its down 0.04, from 1 in 2016Q1. The ratio turned negative, as 27 funds sold all UDR, Inc. shares owned while 110 reduced positions. 28 funds bought stakes while 109 increased positions. They now own 266.03 million shares or 1.86% more from 261.17 million shares in 2016Q1.
Royal London Asset Mgmt Limited reported 23,650 shares or 0.01% of all its holdings. Delta Lloyd Nv accumulated 72,261 shares or 0.09% of the stock. Pictet Asset Mngmt Ltd, a United Kingdom-based fund reported 138,200 shares. Moreover, Morgan Stanley has 0% invested in UDR, Inc. (NYSE:UDR) for 185,976 shares. Oakbrook Investments Llc holds 15,035 shares or 0.03% of its portfolio. Guggenheim Capital Ltd Liability Corporation accumulated 1.06M shares or 0.12% of the stock. The Michigan-based Ls Investment Advsrs Lc has invested 0.04% in UDR, Inc. (NYSE:UDR). Clearbridge Investments Ltd Liability Corp owns 104,300 shares or 0% of their US portfolio. Pnc Serv reported 18,711 shares or 0% of all its holdings. Moreover, Life has 0.03% invested in UDR, Inc. (NYSE:UDR) for 181 shares. Moreover, Gsa Capital Llp has 0.06% invested in UDR, Inc. (NYSE:UDR) for 31,760 shares. The Ohio-based Mai Capital Management has invested 0.02% in UDR, Inc. (NYSE:UDR). Friedberg Inv Management last reported 18,420 shares in the company. State Bank Of America De has 0.01% invested in the company for 1.07 million shares. Leavell Inv has invested 0.05% of its portfolio in UDR, Inc. (NYSE:UDR).
Insider Transactions: Since June 10, 2016, the stock had 3 buys, and 2 insider sales for $651,835 net activity. McDonnough Clinton D also bought $103,608 worth of UDR, Inc. (NYSE:UDR) on Friday, September 9. KLINGBEIL JAMES D had bought 30 shares worth $1,010 on Friday, June 10. ALCOCK HARRY G sold $277,253 worth of UDR, Inc. (NYSE:UDR) on Thursday, August 4. Troupe Warren L also sold $550,500 worth of UDR, Inc. (NYSE:UDR) on Wednesday, September 28.
UDR, Inc. is a real estate investment trust. The company has a market cap of $9.15 billion. The Firm owns, operates, acquires, renovates, develops, redevelops and manages multifamily apartment communities generally located in various markets across the United States. It has a 262.29 P/E ratio. The Firm operates through two divisions: Same-Store Communities and Non-Mature Communities/Other.
According to Zacks Investment Research, “United Dominion Realty Trust, Inc. is a leading multi-family 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. markets. UDR has delivered long-term value to shareholders, the best standard of service to residents, and the highest quality experience for associates.”
UDR, Inc., incorporated on May 2, 2003, is a real estate investment trust. The Firm owns, operates, acquires, renovates, develops, redevelops and manages multifamily apartment communities generally located in various markets across the United States. The Firm operates through two divisions: Same-Store Communities and Non-Mature Communities/Other. The Company’s consolidated real estate portfolio includes approximately 130 communities located in over 20 markets, with a total of approximately 40,730 completed apartment homes. The Firm holds an ownership interest in approximately 30 communities containing over 6,700 apartment homes through unconsolidated joint ventures or partnerships.
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By Adrian Mccoy