UDR (UDR) was Upgraded by Mizuho to ” Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 41 from a previous price target of $37 . Earlier the firm had a rating of “Neutral ” on the company shares. Mizuho advised their investors in a research report released on Aug 1, 2016.
Many Wall Street Analysts have commented on UDR. UDR was Downgraded by KeyBanc Capital Mkts to ” Sector Weight” on May 26, 2016.
On the company’s financial health, UDR reported $0.43 EPS for the quarter, based on the information available during the earnings call on Apr 25, 2016. Analyst had a consensus estimate of $0.43. The company had revenue of $234.82 million for the quarter, compared to analysts expectations of $234.51 million. The company’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 EPS.
UDR opened for trading at $36.57 and hit $37.58 on the upside on Friday, eventually ending the session at $37.23, with a gain of 1.83% or 0.67 points. The heightened volatility saw the trading volume jump to 19,45,741 shares. Company has a market cap of $9,943 M.
In a different news, on Jun 14, 2016, James D Klingbeil (director) purchased 30 shares at $33.68 per share price. According to the SEC, on May 23, 2016, Clinton D Mcdonnough (director) purchased 2,000 shares at $35.09 per share price. On Apr 13, 2016, Jon A Grove (director) sold 10,000 shares at $36.72 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 Companys 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 Companys 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 Companys consolidated real estate portfolio included 139 communities located in 20 markets with a total of 39851 completed apartment homes.