Wells Fargo Maintains Overweight Rating for UDR: Here's What You Need To Know

Wells Fargo has decided to maintain its Overweight rating of UDR UDR and lower its price target from $44.50 to $42.50.

Shares of UDR are trading down 0.03% over the last 24 hours, at $38.52 per share.

A move to $42.50 would account for a 10.33% increase from the current share price.

About UDR

UDR is a real estate investment trust that owns, operates, acquires, renovates, develops, redevelops, disposes of, and manages multifamily apartment communities in targeted markets located in the United States. The company has two reportable segments; Same-Store Communities segment represents those communities acquired, developed, and stabilized prior to January 1, 2021, and held as of December 31, 2022, and Non-Mature Communities/Other segment represents those communities that do not meet the criteria to be included in Same-Store Communities, including, but not limited to, recently acquired, developed and redeveloped communities, and the non-apartment components of mixed-use properties. The company generates key revenue from Same-Store Communities.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.