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Truist Financial Reaffirms Their Buy Rating on UDR (UDR)

Tipranks - Tipranks - Fri Mar 6, 6:47AM CST

Truist Financial analyst Michael Lewis maintained a Buy rating on UDR today and set a price target of $41.00.

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Lewis covers the Real Estate sector, focusing on stocks such as Lineage, Inc., AvalonBay, and Safehold. According to TipRanks, Lewis has an average return of 9.4% and a 64.34% success rate on recommended stocks.

In addition to Truist Financial, UDR also received a Buy from Wells Fargo’s James Feldman in a report issued on February 23. However, yesterday, Scotiabank maintained a Hold rating on UDR (NYSE: UDR).

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Based on UDR’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $433.11 million and a net profit of $222.9 million. In comparison, last year the company earned a revenue of $422.73 million and had a GAAP net loss of $5.04 million

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