In a report released yesterday, Brad Heffern from RBC Capital maintained a Hold rating on UDR (UDR – Research Report), with a price target of $38.00. The company’s shares closed yesterday at $37.49.
According to TipRanks, Heffern is ranked #536 out of 8742 analysts.
In addition to RBC Capital, UDR also received a Hold from Scotiabank’s Nicholas Yulico in a report issued yesterday. However, on the same day, Truist Financial maintained a Buy rating on UDR (NYSE: UDR).
Based on UDR’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $413.27 million and a net profit of $32.99 million. In comparison, last year the company earned a revenue of $399.66 million and had a net profit of $44.53 million
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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.
