UDR Earns “Buy” Rating from KeyCorp (UDR)
UDR (NYSE:UDR)‘s stock had its “buy” rating reaffirmed by analysts at KeyCorp in a research report issued to clients and investors on Monday. They currently have a $33.00 target price on the stock, up from their previous target price of $32.00. KeyCorp’s price objective indicates a potential upside of 11.98% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital raised their price target on shares of UDR from $28.00 to $31.00 in a research note on Tuesday, August 5th. They now have a “sector perform” rating on the stock. Separately, analysts at Barclays raised their price target on shares of UDR from $27.00 to $29.00 in a research note on Monday, July 21st. They now have an “equal weight” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of UDR in a research note on Friday, July 18th. They now have a $30.00 price target on the stock. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. UDR presently has an average rating of “Hold” and a consensus price target of $28.86.
Shares of UDR (NYSE:UDR) traded up 0.95% on Monday, hitting $29.75. The stock had a trading volume of 577,738 shares. UDR has a one year low of $21.96 and a one year high of $29.88. The stock’s 50-day moving average is $28.87 and its 200-day moving average is $26.95. The company has a market cap of $7.488 billion and a price-to-earnings ratio of 89.30.
UDR (NYSE:UDR) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.01. The company had revenue of $203.70 million for the quarter, compared to the consensus estimate of $198.40 million. During the same quarter in the previous year, the company posted $0.35 earnings per share. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. Analysts expect that UDR will post $1.53 EPS for the current fiscal year.
In other UDR news, VP H Andrew Cantor unloaded 5,038 shares of the company’s stock on the open market in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $29.70, for a total transaction of $149,628.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
UDR, Inc (NYSE:UDR) is a self administered real estate investment trust (REIT), which owns, operates, acquires, renovates, develops, redevelops, and manages multifamily apartment communities located throughout the United States.
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