Bank of America Downgrades UDR to Underperform

Brokerage firm Bank of America Downgrades its rating on UDR(NYSE:UDR). The shares have been rated Underperform. Previously, the analysts had a Buy rating on the shares. The rating by Bank of America was issued on Apr 11, 2016.

In a different note, On Mar 21, 2016, Mizuho Securities said it Downgrades its rating on UDR. The shares have been rated ‘Neutral’ by the firm. On Mar 7, 2016, BMO Capital said it Upgrades its rating on UDR. The shares have been rated ‘Outperform’ by the firm. On Jan 19, 2016, JMP Securities said it Downgrades its rating on UDR. The shares have been rated ‘Market Perform’ by the firm.

UDR (UDR) made into the market gainers list on Fridays trading session with the shares advancing 2.14% or 0.76 points. Due to strong positive momentum, the stock ended at $36.29, which is also near the day’s high of $36.39. The stock began the session at $35.53 and the volume stood at 17,34,157 shares. The 52-week high of the shares is $38.61 and the 52 week low is $30.03. The company has a current market capitalization of $9,513 M and it has 26,21,32,790 shares in outstanding.

UDR(UDR) last announced its earnings results on Oct 26, 2015 for Fiscal Year 2015 and Q3.Company reported revenue of $221.42M. Analysts had an estimated revenue of $215.43M. Earnings per share were $0.42. Analysts had estimated an EPS of $0.41.

Several Insider Transactions has been reported to the SEC. On Dec 2, 2015, Matthew A Cozad (Vice President-Corp Serv & Inn) sold 1,000 shares at $37.35 per share price.Also, On Nov 30, 2015, Jerry A Davis (Senior Vice President) sold 10,000 shares at $37.85 per share price.On Nov 25, 2015, J Abram Claude (Vice President-Treasurer) sold 1,000 shares at $36.60 per share price, according to the Form-4 filing with the securities and exchange commission.

UDR Inc. is a self-administered real estate investment trust (REIT). The Company owns operates acquires renovates develops redevelops and manages multifamily apartment communities located in high barrier-to-entry markets throughout the United States. The Company operates through two segments: Same-Store Communities and Non-Mature Communities/Other. The Company’s Same-Store Communities segment includes the communities that were acquired developed and stabilized prior to January 1 2013 and held as of December 31 2014. The Company’s Non-Mature Communities/Other segment represents the acquired developed and redeveloped communities and the non-apartment components of mixed use properties which do not meet the criteria to be included in the Same-Store Communities segment. As of December 31 2014 the Company’s consolidated real estate portfolio included 139 communities located in 20 markets with a total of 39851 completed apartment homes.

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