UDR (UDR – Research Report) received a Hold rating and a $37.00 price target from Barclays analyst Anthony Powell today. The company’s shares closed last Friday at $36.08.
According to TipRanks, Powell is an analyst with an average return of -4.9% and a 43.87% success rate. Powell covers the Real Estate sector, focusing on stocks such as Cousins Properties, SL Green Realty, and Boston Properties.
In addition to Barclays, UDR also received a Hold from RBC Capital’s Brad Heffern in a report issued on February 7. However, on the same day, Piper Sandler assigned a Sell rating to UDR (NYSE: UDR).
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Based on UDR’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $410.13 million and a net profit of $32.86 million. In comparison, last year the company earned a revenue of $391.3 million and had a net profit of $23.61 million
Based on the recent corporate insider activity of 7 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of UDR in relation to earlier this year.
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UDR (UDR) Company Description:
UDR, Inc. is a real estate investment trust, which owns, operates, acquires, renovates, develops, redevelops, disposes of, and manages multifamily apartment communities. It engages in the multi-family real estate investment trust business. It operates through the Same-Store Communities and Non-Mature Communities/Other segments. The Same-Store Communities segment pertains to properties that are acquired, developed, and stabilized occupancy. The Non-Mature Communities/Other segment include recently acquired, developed and redeveloped communities and the non-apartment components of mixed use properties. The company was founded in 1972 and is headquartered in Highlands Ranch, CO.
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