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In a report released today, John Kim from BMO Capital maintained a Hold rating on UDR (UDR), with a price target of $49. The company’s shares closed yesterday at $44.95, close to its 52-week high of $45.92.
According to TipRanks.com, Kim is a 4-star analyst with an average return of 4.9% and a 59.7% success rate. Kim covers the Financial sector, focusing on stocks such as Apartment Investment & Management, Franklin Street Properties, and National Health Investors.
The word on The Street in general, suggests a Hold analyst consensus rating for UDR with a $44.50 average price target.
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Based on UDR’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $82.14 million. In comparison, last year the company had a net profit of $11.46 million.
Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is negative on the stock.
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UDR, Inc. is a real estate investment trust, which owns, operates, acquires, renovates, develops, redevelops, disposes of, and manages multifamily apartment communities. It engages in the multi-family real estate investment trust business. It operates through the Same-Store Communities and Non-Mature Communities/Other segments.
