Barclays Maintains an 'Equalweight' on UDR, Inc. (UDR); Repositioning Into Core Coastal Markets
Tweet Send to a FriendGet Alerts UDR Hot Sheet
Price: $25.28 -0.2%
Rating Summary:
4 Buy, 11 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
4 Buy, 11 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade UDR Now!
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, with a 52 week range of $20.04-$27.75.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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, with a 52 week range of $20.04-$27.75.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Jefferies Bumps Zumiez (ZUMZ) Numbers Up, But Remains on Sidelines
- RBC Capital Lifts PT on Marvell (MRVL) after 'Strong' Q1 Report
- Williams-Sonoma (WSM) Delivers 'Clean' Q1 Beat - Analyst
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
Barclays
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
