
UDR (UDR) Stock Forecast & Price Target
UDR (UDR) Analyst Ratings
Bulls say
UDR Inc has shown a positive operational trend, achieving an October occupancy rate of approximately 96.6%, a 30 basis point increase from the previous quarter, and is poised to sustain occupancy levels in the mid-96% range for the fourth quarter of 2024. The company's revenue growth is bolstered by a 2% increase in blended rates on the East Coast, with a steady performance expected to continue through early 2025, particularly in the D.C./Northern Virginia area, although the Sun Belt region faces challenges. Furthermore, UDR's strategic positioning across diverse markets mitigates risks associated with regional weaknesses, which, combined with a modestly improving cost of debt and an anticipated easing of competitive pressures from short-term rentals, supports a favorable long-term outlook.
Bears say
UDR Inc. is facing challenges due to declining turnover levels and flat blended lease growth, with October indicators revealing a nearly 200 basis point drop from the previous quarter, compounded by a downward projection of 100 basis points lower turnover year-over-year for 2025. Elevated supply levels in UDR's primary markets, particularly in the Sun Belt, are expected to depress rent growth, further affecting the company's revenue potential. Additionally, concerns over credit issues related to their investments could negatively impact funds from operations (FFO), underscoring the company's financial vulnerabilities in a competitive rental market.
This aggregate rating is based on analysts' research of UDR and is not a guaranteed prediction by Public.com or investment advice.
UDR (UDR) Analyst Forecast & Price Prediction
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