UDR, Inc. has had a strong market performance recently as backed by its raised stock target to $47 by Truist Securities. This REIT company has shown sustainable growth with a rally of 18.2% over half a year. Additionally, Q2 FFO and revenues surpassed expectations propelling a surge in stock price to a fresh 52-week high at $42.57. For the third quarter of 2024, EPS estimates have been elevated by Zacks Research, which hints at a brighter prospect for the company. Besides, the joint venture formation worth $510 Million indicates its expanding operations. While UDR has acquired 6 new properties in Texas for $402M, it has also been awarded permission to construct residential high-rise buildings on Turtle Creek. Even though UDR's Q2 2024 earnings revealed an EPS of $0.08, missing estimates, it beat the EPS but missed revenue expectations in Q2 2024 earnings. Adding to it, the purchase of two Philadelphia-area apartments for $263M announces its continued strategic expansion. However, despite its promising future, UDR Inc. shows a consistent underperformance in the stalwart market space.
Udr UDR News Analytics from Mon, 16 Oct 2017 07:00:00 GMT to Sun, 25 Aug 2024 11:58:05 GMT -
Rating 8
- Innovation 5
- Information 7
- Rumor -5
