Merrill Lynch Maintains a Buy Rating on UDR


Merrill Lynch analyst Juan C. Sanabria maintained a Buy rating on UDR (NYSE: UDR) today and set a price target of $42. The company’s shares closed yesterday at $37.18.

According to TipRanks.com, Sanabria has 0 stars on 0-5 star ranking scale with an average return of -7.7% and a 38.1% success rate. Sanabria covers the Financial sector, focusing on stocks such as Sabra Healthcare REIT, Essex Property Trust, and Extra Space Storage.

Currently, the analyst consensus on UDR is Moderate Buy and the average price target is $39, representing a 4.9% upside.

In a report issued on June 1, Stifel Nicolaus also upgraded the stock to Buy.

See today’s analyst top recommended stocks >>

UDR’s market cap is currently $9.95B and has a P/E ratio of 161.16. The company has a Price to Book ratio of 3.51.

Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is negative on the stock.

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UDR, Inc. 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.

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