In a report released today, John Guinee from Stifel Nicolaus upgraded UDR (NYSE: UDR) to Buy. The company’s shares closed yesterday at $36.47.
According to TipRanks.com, Guinee is a 4-star analyst with an average return of 6.0% and a 61.5% success rate. Guinee covers the Financial sector, focusing on stocks such as Franklin Street Properties, Highwoods Properties, and Kilroy Realty Corp.
UDR has an analyst consensus of Moderate Buy, with a price target consensus of $38.50.
See today’s analyst top recommended stocks >>
Based on UDR’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $11.46 million. In comparison, last year the company had a net profit of $23.84 million.
Based on the recent corporate insider activity of 35 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.
