Rhumbline Advisers and Natixis Advisors LLC hold significant positions in UDR, Inc. (NYSE:UDR), totaling $26.48 million and $9.30 million respectively. As UDR plans to participate in the Bank of America Securities 2024 Global Real Estate Conference, its investment transparency has been enhanced starting from September 2024. Though Goldman Sachs initiated a sell on UDR stock due to limited growth prospects, Truist raised its price target from $44 to $47, indicating a healthy market performance. Despite fluctuations, UDR stock consistently outperformed competitors on strong trading days.
UDR has acquired six properties in Texas for $402 million and also secured FAA approval for a 25-story tower in the Turtle Creek area. The firm intends to back off high occupancy to promote rent growth while it navigates strategic SWOT insight. UDR also revealed dates for its Q2 2024 earnings release and conference call, sharing optimistic guidance for the full 2024 fiscal year. Also, it declared quarterly dividends and hit a new 12-month high at $44.58.
Negatively, UDR was sued over a racial abuse scandal, highlighting the firm's need to tackle social issues. Lastly, UDR announced the formation of a $510 million joint venture and has made plans to increase properties without staffers.
Udr UDR News Analytics from Tue, 27 Jul 2021 07:00:00 GMT to Sun, 08 Sep 2024 13:07:06 GMT - Rating 4 - Innovation 6 - Information 7 - Rumor -1
