UPDATE: Cantor Fitzgerald Upgrades UDR, Inc. (UDR) to Buy - Correct

(Updated - October 2, 2014 8:29 AM EDT)

Cantor Fitzgerald upgardes UDR, Inc. (NYSE: UDR) from Hold to Buy with a price target of $31.50 (from $30.50).

Analyst David Toti said, "We have further tightened our aggregate FTM portfolio cap rate for UDR by 12 bps to 5.47%. That change, when combined with recent relative stock underperformance, has created what we view as a more attractive relative entry point. Our total expected return on the stock is now 19.4%, above our current RMZ forecasted FTM return of 7.09%."

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 $27.27 yesterday.

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