In a report released today, Drew Babin from Robert W. Baird downgraded UDR (UDR) to Hold, with a price target of $42. The company’s shares closed yesterday at $41.44, close to its 52-week high of $41.60.
According to TipRanks.com, Babin is a 4-star analyst with an average return of 8.6% and a 78.9% success rate. Babin covers the Financial sector, focusing on stocks such as Investors Real Estate ate, Camden Property Trust, and Essex Property Trust.
Currently, the analyst consensus on UDR is a Moderate Buy with an average price target of $42.
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The company has a one-year high of $41.60 and a one-year low of $32.88. Currently, UDR has an average volume of 1.51M.
Based on the recent corporate insider activity of 38 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.
