KeyBanc Downgrades UDR, Inc. (UDR) to Hold; Valuation Call
Tweet
Share
E-mailGet Alerts UDR Hot Sheet
Price: $40.18 +1.13%
Rating Summary:
13 Buy, 17 Hold, 4 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 16 | Down: 7 | New: 60
Rating Summary:
13 Buy, 17 Hold, 4 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 16 | Down: 7 | New: 60
Join SI Premium – FREE
KeyBanc downgraded UDR, Inc. (NYSE: UDR) from Buy to Hold.
KeyBanc analyst says, "We are downgrading shares of UDR on valuation and our more cautious view of apartment fundamentals in 2012. We now view the Company’s in line valuation on an implied cap rate basis as fairly reflective of slowing momentum in many of UDR’s East Coast markets, balanced by improving momentum in its West Coast markets (40% of NOI). Additionally, while the Company’s significant 2011 acquisition volume likely improved its overall portfolio quality, the Company could see declining asset values in a meaningful portion of these acquisitions located in markets with maturing fundamentals, such as New York and Washington, D.C."
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 $24.52 yesterday.
KeyBanc analyst says, "We are downgrading shares of UDR on valuation and our more cautious view of apartment fundamentals in 2012. We now view the Company’s in line valuation on an implied cap rate basis as fairly reflective of slowing momentum in many of UDR’s East Coast markets, balanced by improving momentum in its West Coast markets (40% of NOI). Additionally, while the Company’s significant 2011 acquisition volume likely improved its overall portfolio quality, the Company could see declining asset values in a meaningful portion of these acquisitions located in markets with maturing fundamentals, such as New York and Washington, D.C."
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 $24.52 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Truist Securities Downgrades UDR, Inc. (UDR) to Hold
- Loop Capital Downgrades Best Buy (BBY) to Hold
- Citi Downgrades QBE Insurance Group Ltd. (QBE:AU) (QBEIF) to Neutral
Create E-mail Alert Related Categories
DowngradesRelated Entities
KeyBancSign 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!
