UDR (NYSE:UDR) Receives a Downgrade
Shares of UDR (NYSE:UDR) were cut to a Neutral rating by research analysts at Robert W. Baird. They now have a Estimated Target Price of $37.0 on UDR. The past rating by Robert W. Baird was a Outperform and will no longer be valid.
From a total of 23 analysts covering UDR Inc (NYSE:UDR) stock, 8 rate it a ”Buy”, 2 a “Sell”, and 15 a ”Hold”. This means that 32% of the ratings are positive. The highest target price is $43 while the lowest target price is $29.03. The mean of all analyst targets is $37.44 with a 1.53% above today’s ($37.28) stock price. UDR Inc was the topic of 19 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. BB&T Capital initiated shares on November 10 with “Underweight” rating. Credit Suisse downgraded shares to “Underperform” rating and $36 target share price in a report from an August 20. RBC Capital Markets maintained UDR stock in a recent report from November 9 with “Sector Perform” rating. Zacks upgraded the rating on August 17. Zacks has a “Hold” rating and a $39 price target on shares. Finally, Stifel Nicolaus maintained the stock with “Buy” rating in a report issued on an October 27.
The stock increased 1.83% or $0.67 during the last trading session, striking $37.28. Approximately shares of stock traded hands. UDR, Inc. (NYSE:UDR) has risen 12.66% since May 14, 2015 and is uptrending. It has outperformed by 14.93% the S&P500.
The overall sentiment of institutions has decreased to 0.99 in Q2 2015. Its down 0.25, from 1.24 in 2015Q2. The ratio fall, as 30 institutions have sold all the shares of UDR, Inc. that they owned while 101 funds have taken shares off the table. 24 funds have purchased shares for the first time while 106 added to their positions. These institutions now hold 221.80 million shares or 13.18% less than the 255.49 million shares they owned in 2015Q2.
The Fund Cornerstone Real Estate Advisers Llc currently is holding shares equating to 6% of its total portfolio in UDR, Inc. representing a total of 317,427 shares. Another fund,Cohen & Steers Inc, is holding a total of 41.39 million shares equating to 4.32% of their holdings. Additionally, Cbre Clarion Securities Llc has a 14.27 million share stake in UDR, Inc. which represents 4.07% of their total portfolio. The Fund, Harrison Street Securities Llc, based out of Illinois, has also built up a stake in the stock, which represents a total of 3.22% of their total portfolio. Finally Daiwa Securities Group Inc., a fund which is based in the state of Japan reported a total holdings of 12.99 million shares.
Insider activity is a very important aspect to track on any stock. Going back to March 24, 2015, shareholders of UDR, Inc. have witnessed 0 insider buys, and a total of 6 selling transactions equating to a net activity of approximately $2.86 million . Oshields William T Iii sold 1,000 shares worth approximately $35,054. Cozad Matthew A sold 1,000 shares worth approximately $35,030. Cantor H Andrew sold 2,848 shares worth approximately $100,078. Alcock Harry G sold 15,000 shares worth approximately $533,952. The company insider Troupe Warren L sold 31,954 shares worth $1.10M.
UDR, Inc. is a self-administered real estate investment trust . The company has a market cap of $9.59 billion. The Firm owns, operates, acquires, renovates, develops, redevelops and manages multifamily apartment communities located in high barrier-to-entry markets throughout the United States. It has 101.34 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.”