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In a report released today, John Guinee from Stifel Nicolaus maintained a Buy rating on UDR (NYSE: UDR), with a price target of $43. The company’s shares closed yesterday at $39.98, close to its 52-week high of $41.04.
According to TipRanks.com, Guinee is a 4-star analyst with an average return of 5.5% and a 61.1% success rate. Guinee covers the Financial sector, focusing on stocks such as Washington Real Estate Investment Trust, First Industrial Realty Trust, and Armada Hoffler Properties.
UDR has an analyst consensus of Moderate Buy, with a price target consensus of $41.17.
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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 39 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.
