.jpg "UDR (NYSE: UDR)")
In a report released yesterday, Wes Golladay from RBC Capital reiterated a Hold rating on UDR (NYSE: UDR), with a price target of $40. The company’s shares closed yesterday at $39.12, close to its 52-week high of $40.33.
According to TipRanks.com, Golladay is a 4-star analyst with an average return of 9.0% and a 67.9% success rate. Golladay covers the Financial sector, focusing on stocks such as National Retail Properties, Lasalle Hotel Properties, and Spirit Realty Capital.
Currently, the analyst consensus on UDR is a Moderate Buy with an average price target of $40.67, representing a 4.0% upside. In a report issued on August 6, SunTrust Robinson also reiterated a Hold rating on the stock with a $40 price target.
.
See today’s analyst top recommended stocks >>
Based on UDR’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $20.6 million. In comparison, last year the company had a net profit of $10.16 million.
Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is negative on the stock.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
