UDR Coverage Initiated by Analysts at Mizuho (UDR)
Research analysts at Mizuho initiated coverage on shares of UDR (NYSE:UDR) in a report released on Monday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating and a $31.00 price target on the stock. Mizuho’s price target would suggest a potential upside of 4.34% from the company’s current price.
In other UDR news, VP Matthew A. Cozad sold 1,000 shares of UDR stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $29.52, for a total value of $29,520.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
UDR has been the subject of a number of other recent research reports. Analysts at KeyCorp reiterated a “buy” rating on shares of UDR in a research note on Monday, August 18th. They now have a $33.00 price target on the stock, up previously from $32.00. Separately, 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. Finally, 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. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $29.13.
Shares of UDR (NYSE:UDR) opened at 29.71 on Monday. UDR has a 52 week low of $21.96 and a 52 week high of $30.25. The stock has a 50-day moving average of $29.05 and a 200-day moving average of $27.16. The company has a market cap of $7.478 billion and a price-to-earnings ratio of 90.76.
UDR (NYSE:UDR) last released its earnings data on Tuesday, July 29th. The company reported $0.39 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.35 earnings per share. The company’s quarterly revenue was up 7.5% on a year-over-year basis. On average, analysts predict that UDR will post $1.53 earnings per share for the current fiscal year.
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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