In a report released today, Omotayo Okusanya from Jefferies upgraded UDR (UDR) to Buy, with a price target of $47. The company’s shares closed yesterday at $41.89, close to its 52-week high of $41.97.
According to TipRanks.com, Okusanya is a 5-star analyst with an average return of 7.7% and a 61.8% success rate. Okusanya covers the Financial sector, focusing on stocks such as Apartment Investment & Management, Retail Properties of America Inc, and Senior Housing Properties Trust.
Currently, the analyst consensus on UDR is a Moderate Buy with an average price target of $42.67.
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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 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.
