Street Calls of the Week
Investing.com - Cantor Fitzgerald initiated coverage on UDR, Inc. (NYSE:UDR) with a Neutral rating and a $40.00 price target, representing a potential 7.6% upside from current levels. The residential REIT, currently trading at $37.26 with a market capitalization of $13.55 billion, offers investors a notable 4.62% dividend yield.
The research firm based its price target on a 2026 estimated AFFO multiple of 17.5x, slightly below the 17.9x average for property sector peers. According to InvestingPro analysis, UDR maintains a FAIR financial health score, with steady revenue growth of 2.38% in the last twelve months.
Cantor Fitzgerald highlighted UDR’s diversification across multiple parameters, including price point, urban/suburban locations, and coastal/Sunbelt markets.
The firm acknowledged UDR as a leader in technology deployment for its operating platform and resident-interface initiatives.
Cantor Fitzgerald noted that the recent resignation of President/CIO Joe Fisher was unexpected and negatively impacted the company’s leadership bench, contributing to the firm’s cautious stance on the multifamily sector.
In other recent news, United Dominion Realty Trust Inc. (UDR) reported its Q2 2025 earnings, surpassing its high-end guidance for funds from operations as adjusted (FFOA) per share. The company also raised its full-year 2025 guidance, indicating a strong financial performance. In corporate leadership changes, UDR announced that Joe Fisher has stepped down from his roles as President and Chief Investment Officer, with CEO Tom Toomey assuming these responsibilities. Additionally, Clint D. McDonnough retired from the board of directors, resulting in the board’s reduction from nine to eight members.
Truist Securities has lowered its price target for UDR to $43 from $46, maintaining a Hold rating. The firm highlighted UDR’s diversified multifamily portfolio amidst changing market conditions, noting a slowdown in new supply in Sunbelt markets and low levels in coastal regions. Truist also pointed out a deceleration in national job growth. These developments reflect ongoing strategic adjustments and market responses by UDR.
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