BMO Capital Reduces PT on UDR (UDR) Stock

UDR, Inc. (NYSE:UDR) is one of the Best Housing Stocks to Buy According to Hedge Funds. On September 3, BMO Capital reduced the price target on the company’s stock to $44 from $45, while keeping an “Outperform” rating, as reported by The Fly. As per the analyst, UDR, Inc. (NYSE:UDR)’s asking rents had the best sequential trends in August, despite the overall deceleration in the market rents. As per the company, a resilient employment market, continued growth in personal income, favorable relative affordability for apartments as well as the operating competitive advantages resulted in the healthy results for H1 2025 that surpassed expectations.

In Q2 2025, UDR, Inc. (NYSE:UDR)’s total revenue rose $10.1 million YoY, or 2.4%, to $425.4 million. This rise was backed mainly by growth in revenue from same-store communities and completed developments, partially mitigated by the declines in revenue from property dispositions. With same-store occupancy remaining close to 97%, UDR, Inc. (NYSE:UDR) operates from a position of strength to maximize revenue and NOI.

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Disclosure: None. This article is originally published at Insider Monkey.