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In a report released yesterday, Wes Golladay from RBC Capital reiterated a Hold rating on UDR (UDR), with a price target of $41. The company’s shares opened today at $41.38, close to its 52-week high of $41.63.
According to TipRanks.com, Golladay is a 4-star analyst with an average return of 8.0% and a 65.7% success rate. Golladay covers the Financial sector, focusing on stocks such as National Retail Properties, Summit Hotel Properties, and Camden Property Trust.
Currently, the analyst consensus on UDR is a Hold with an average price target of $42, implying a 1.5% upside from current levels. In a report released today, Robert W. Baird also downgraded the stock to Hold with a $42 price target.
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Based on UDR’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $18.61 million. In comparison, last year the company had a net profit of $16.19 million.
Based on the recent corporate insider activity of 38 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.
