UDR (UDR) Gets a Hold from Bank of America Securities
Bank of America Securities analyst Jeffrey Spector maintained a Hold rating on UDR on December 19 and set a price target of $44.00. The company’s shares closed last Friday at $35.65.
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Spector covers the Real Estate sector, focusing on stocks such as Ventas, American Homes, and Eastgroup Properties. According to TipRanks, Spector has an average return of 4.1% and a 54.46% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for UDR with a $40.14 average price target.
Based on UDR’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $431.86 million and a net profit of $40.41 million. In comparison, last year the company earned a revenue of $420.16 million and had a net profit of $22.6 million
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