Compass Point Maintains a 'Neutral' on UDR, Inc. (UDR); Raising PT, But Lowering Estimates
Tweet Send to a FriendGet Alerts UDR Hot Sheet
Price: $26.48 -0.11%
Rating Summary:
4 Buy, 11 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
4 Buy, 11 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade UDR Now!
Compass Point maintains a 'Neutral' on UDR, Inc. (NYSE: UDR) price target raised from $24 to $25.
Analyst, Wilkes Graham, said, "While we continue to view the majority of the apartment REIT space as fairly valued relative to continued strong fundamentals, we do like UDR's portfolio exposure to strong rental markets and the company's recent success at selling off noncore assets. Our price target is based on a 5.75% cap rate on 2012 NOI and $1/share of value in the development pipeline via a 110 bps spread between development yields and stabilized cap rates."
"...we are lowering our 2012 FFO estimate to $1.37 (compared to guidance of $1.37-$1.43) from $1.43 and lowering next year's estimate to $1.47 from $1.55 (current consensus is $1.51)."
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 $26.35 yesterday, with a 52 week range of $20.04-$27.26.
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, Wilkes Graham, said, "While we continue to view the majority of the apartment REIT space as fairly valued relative to continued strong fundamentals, we do like UDR's portfolio exposure to strong rental markets and the company's recent success at selling off noncore assets. Our price target is based on a 5.75% cap rate on 2012 NOI and $1/share of value in the development pipeline via a 110 bps spread between development yields and stabilized cap rates."
"...we are lowering our 2012 FFO estimate to $1.37 (compared to guidance of $1.37-$1.43) from $1.43 and lowering next year's estimate to $1.47 from $1.55 (current consensus is $1.51)."
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 $26.35 yesterday, with a 52 week range of $20.04-$27.26.
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
- Morgan Stanley Says Tesla (TSLA) 'Top Pick in U.S. Autos'
- Pier 1 Imports (PIR) Sets Sights on Growing Ecommerce
- Compass Point Boosts Numbers on RLJ Lodging Trust (RLJ)
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT Change
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!
