UPDATE: SunTrust Robinson Humphrey Upgrades UDR, Inc. (UDR) to Buy
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Rating Summary:
13 Buy, 15 Hold, 4 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
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SunTrust Robinson Humphrey upgraded UDR, Inc. (NYSE: UDR) from Hold to Buy with a price target of $40.
Analyst Ki Bin Kim comments "We like the diversified nature of the portfolio, as we think 2017 may be the last year of this cycle for secondary markets and suburban locations to materially outperform. We think UDR can post relatively healthy multi-year growth through this period. In fact, we expect UDR’s three- and five-year FFO and FAD growth to be among the best in the sector, which combined with only slightly above-average earnings multiples, drives attractive PEG ratios. We are maintaining our Street-high $40 price target implies a 15% total return, including the 3.4% projected dividend yield."
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 $36.07 yesterday.
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