UDR downgraded to Hold from Buy at Truist
Truist downgraded UDR to Hold from Buy with an unchanged $41 price target as part of a broader research note on REITs. The firm notes that while the stock has appreciated 12% year to date, Truist projects relatively slow earnings growth within its apartment coverage universe over the next three- and five-year periods, contributing to unattractive PEG ratios, the analyst tells investors in a research note.
Truist downgraded UDR to Hold from Buy with an unchanged $41 price target as part of a broader research note on REITs.
The firm notes that while the stock has appreciated 12% year to date, Truist projects relatively slow earnings growth within its apartment coverage universe over the next three- and five-year periods, contributing to unattractive PEG ratios, the analyst tells investors in a research note.