Cantor Fitzgerald Upgrades UDR, Inc. (UDR) to Hold; Redefined its Footprint

July 9, 2012 7:08 AM EDT Send to a Friend
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Price: $31.07 --0%

Rating Summary:
    6 Buy, 11 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 1 | Down: 1 | New: 6
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Cantor Fitzgerald upgraded UDR, Inc. (NYSE: UDR) from Sell to Hold with a price target of $27.00 (from $26.00).

Cantor analyst said, "While we do not make subsector calls, preferring to stock pick, there are a few conclusions we draw from these changes. First, we are increasing our apartment exposure further with the UDR upgrade (from an already modestly overweight position). Although the apartment underperformance somewhat baffles us, we find the relative value proposition increasingly attractive."

FY12 FFO raised from $1.38 to $1.39 and FY13 from $1.47 to $1.48.

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 $26.03 yesterday.


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