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Barclays Sticks to Their Buy Rating for UDR (UDR)

Tipranks - Sat Mar 7, 4:54AM CST

In a report released today, Richard Hightower from Barclays maintained a Buy rating on UDR, with a price target of $42.00.

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According to TipRanks, Hightower is an analyst with an average return of -0.4% and a 48.85% success rate. Hightower covers the Real Estate sector, focusing on stocks such as Diamondrock, Invitation Homes, and Park Hotels & Resorts.

In addition to Barclays, UDR also received a Buy from Truist Financial’s Michael Lewis in a report issued yesterday. However, on March 4, Scotiabank maintained a Hold rating on UDR (NYSE: UDR).

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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