Mizuho Securities Upgrades UDR, Inc. (UDR) to Buy

Mizuho Securities upgraded UDR, Inc. (NYSE: UDR) from Neutral to Buy with a price target of $41.00 (from $37.00).

Analyst Richard Anderson commented, "... UDR stock is down about 1% this year, probably because of its exposure to New York City and San Francisco. However, we are re-directing our positive view of UDR and upgrading to Buy from Neutral because we see the structure of the company as the right fit with supply (and to a lesser degree, demand) question marks abound. Its 2016 same store NOI growth guidance of 6.5%-7.0% (which management confidently reiterated) is significantly above the more modest expectations of its peers."

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 $37.23 yesterday.

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