In a report released yesterday, Richard Anderson from Mizuho Securities reiterated a Buy rating on UDR (NYSE: UDR), with a price target of $44. The company’s shares closed on Friday at $39.13, close to its 52-week high of $40.33.
According to TipRanks.com, Anderson is a 4-star analyst with an average return of 6.3% and a 73.3% success rate. Anderson covers the Financial sector, focusing on stocks such as Apartment Investment & Management, First Industrial Realty Trust, and Hudson Pacific Properties.
Currently, the analyst consensus on UDR is a Moderate Buy with an average price target of $40.
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UDR’s market cap is currently $10.47B and has a P/E ratio of 145.30. The company has a Price to Book ratio of 3.86.
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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.
