Davenport Cuts UDR to Sell (UDR)

By admin | 7 years ago

UDR (NYSE: UDR) was downgraded by equities researchers at Davenport from a “neutral” rating to a “sell” rating in a report issued on Tuesday.

Shares of UDR remained flat at $26.44 during during mid-day trading trading on Tuesday. UDR has a 52 week low of $20.04 and a 52 week high of $27.26. The company has a market cap of $5.905 billion and a P/E ratio of 508.46.

The company last announced its quarterly results on Monday, April 30th. It reported $0.34 earnings per share (EPS) for the previous quarter, meeting the Thomson Reuters consensus estimate of $0.34 EPS. On average, analysts predict that UDR will post $0.35 earnings per share next quarter.

A number of other firms have also recently commented on UDR. Analysts at Morgan Stanley (NYSE: MS) initiated coverage on shares of UDR in a research note to investors on Monday, February 27th. They set an “equal weight” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of UDR in a research note to investors on Friday, February 10th. They now have a $27.00 price target on the stock. Finally, analysts at Miller Tabak raised their price target on shares of UDR from $25.98 to $27.25 in a research note to investors on Wednesday, February 8th. They now have a “buy” rating on the stock.

UDR, Inc. (UDR) is a self-administered real estate investment trust (REIT) that owns, acquires, renovates, develops and manages apartment communities nationwide.

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