Barclays Maintains an 'Equalweight' on UDR, Inc. (UDR); Repositioning Into Core Coastal Markets
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Price: $35.78 +1.25%
Rating Summary:
13 Buy, 16 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 17 | Down: 14 | New: 17
Rating Summary:
13 Buy, 16 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 17 | Down: 14 | New: 17
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Barclays maintains an 'Equalweight' on UDR, Inc. (NYSE: UDR) price target of $29.00 (from $30.00).
Analyst, Ross L. Smotrich, said, "UDR continues to execute its repositioning strategy into core coastal markets and disposing of assets in non-core suburban markets; this quarter was more focused on dispositions."
"In the near-term, we think UDR is paying for this portfolio improvement with
cash-flow dilution. Longer-term, however, we think the company's strategy will
provide better results and NOI growth over time as it increases its concentration in
high-barrier urban markets."
FY12/13 EPS estimate reduced by $0.02 each to $1.37/1.45.
For an analyst ratings summary and ratings history on UDR, Inc. click here. For more ratings news on UDR, Inc. click here.
Shares of UDR, Inc. closed at $25.62 yesterday.
Analyst, Ross L. Smotrich, said, "UDR continues to execute its repositioning strategy into core coastal markets and disposing of assets in non-core suburban markets; this quarter was more focused on dispositions."
"In the near-term, we think UDR is paying for this portfolio improvement with
cash-flow dilution. Longer-term, however, we think the company's strategy will
provide better results and NOI growth over time as it increases its concentration in
high-barrier urban markets."
FY12/13 EPS estimate reduced by $0.02 each to $1.37/1.45.
For an analyst ratings summary and ratings history on UDR, Inc. click here. For more ratings news on UDR, Inc. click here.
Shares of UDR, Inc. closed at $25.62 yesterday.
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