UDR (NYSE: UDR) was upgraded by analysts at Bank of America (NYSE: BAC) to a “neutral” rating in a research report issued to clients and investors on Tuesday.
Separately, analysts at KeyBanc (NYSE: KEY) downgraded shares of UDR from a “buy” rating to a “hold” rating in a research note to investors on Thursday, January 12nd. Analysts at Zacks Investment Research reiterated a “neutral” rating on shares of UDR in a research note to investors on Thursday, November 10th. They now have a $25.00 price target on the stock. Also, analysts at Janney Montgomery Scott upgraded shares of UDR from a “neutral” rating to a “buy” rating in a research note to investors on Monday, November 7th.
UDR, Inc. (UDR) is a self-administered real estate investment trust (REIT) that owns, acquires, renovates, develops and manages apartment communities nationwide. At December 31, 2009, the Company’s consolidated apartment portfolio included 165 communities located in 23 markets with a total of 45,913 completed apartment homes. In addition, it has an ownership interest in 3,992 apartment homes through its unconsolidated joint ventures. The Company’s subsidiaries include two operating partnerships, Heritage Communities L.P. and United Dominion Realty L.P., and RE3, its subsidiary, which focuses on development, land entitlement and short-term hold investments. In 2009, the UDR acquired a constructed community with 289 apartment homes. The Company completed development on three wholly owned communities with 831 apartment homes.
Shares of UDR opened at 24.04 on Tuesday. UDR has a 52 week low of $20.04 and a 52 week of $27.26. The stock’s 50-day moving average is $24.19 and its 200-day moving average is $24.45. The company’s market cap is $5.266 billion.
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