UDR Inc. ($UDR) Stock Forecast: Up 5.9% Today

What is UDR Inc.?

UDR is a real estate investment trust (REIT) that focuses on the ownership, acquisition, and management of apartment communities. The company primarily operates in the United States.

Why is UDR Inc. going up?

UDR stock is up 5.9% on Nov 14, 2023 16:00

• UDR had a strong bullish movement today.
• The downgrade by Wells Fargo based on below-average core FFO growth expectations might have initially caused some uncertainty in the market.
• However, investors seem to have reacted positively to the news, potentially seeing it as a buying opportunity or having confidence in UDR's long-term prospects.
• The bullish movement could also be attributed to overall market optimism or positive sentiment towards the real estate sector.

UDR Price Chart

UDR Technical Analysis

UDR News

UDR downgraded to Equalweight at Wells Fargo on below-par 2024 outlook

Wells Fargo downgrades UDR due to below-average core FFO growth expectations.

https://seekingalpha.com/news/4032050-udr-downgraded-to-equalweight-at-wells-fargo-on-below-par-2024-outlook?feed_item_type=news

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UDR Inc. Price History

27.09.2023 - UDR Stock was down 6.2%

• UDR experienced a bearish movement today.
• The company cut its annual FFO (Funds From Operations) forecast due to a softening demand caused by higher mortgage rates.
• UDR's Q3 earnings report showed in-line FFO but missed revenue expectations by a small margin.

14.10.2023 - UDR Stock was up 5.9%

• UDR had a strong bullish movement today.
• The downgrade by Wells Fargo based on below-average core FFO growth expectations might have initially caused some uncertainty in the market.
• However, investors seem to have reacted positively to the news, potentially seeing it as a buying opportunity or having confidence in UDR's long-term prospects.
• The bullish movement could also be attributed to overall market optimism or positive sentiment towards the real estate sector.