Cantor Fitzgerald Issues a Buy Rating on UDR

In a report released today, Gaurav Mehta from Cantor Fitzgerald assigned a Buy rating to UDR (NYSE: UDR), with a price target of $42. The company’s shares closed yesterday at $39.19.

According to TipRanks.com, Mehta is a 4-star analyst with an average return of 5.5% and a 67.2% success rate. Mehta covers the Financial sector, focusing on stocks such as Ashford Hospitality Trust, Summit Hotel Properties, and Mid-America Apartment.

UDR has an analyst consensus of Hold, with a price target consensus of $44.40.

Based on UDR’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $248 million and quarterly net profit of $10.16 million. In comparison, last year the company earned revenue of $238 million and had a net profit of $10.63 million.

Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

UDR, Inc. engages in the multi-family real estate investment trust business. It operates through the Same-Store Communities and Non-Mature Communities/Other segments. The Same-Store Communities segment pertains to properties that are acquired, developed, and stabilized occupancy.

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