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In a report issued on October 12, Ross L Smotrich from Barclays maintained a Hold rating on UDR (NYSE: UDR), with a price target of $39. The company’s shares closed on Friday at $38.09.
According to TipRanks.com, Smotrich is a 5-star analyst with an average return of 6.8% and a 62.2% success rate. Smotrich covers the Financial sector, focusing on stocks such as Pennsylvania Real Estate Investment, Apartment Investment & Management, and Safety Income & Growth Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for UDR with a $41 average price target.
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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 $16.19 million.
Based on the recent corporate insider activity of 37 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.
