Scotiabank cuts target for UDR stock to USD 38.00
Published on 10/06/2026 at 10:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Scotiabank cut its price target for UDR stock from USD 41.00 to USD 38.00 on September 17, 2026, while keeping a sector perform rating, MarketBeat reported. The revised target puts the analyst view below the earlier USD 41.00 level but remains above the current US-market quotation.
Quarterly earnings set the base
UDR reported USD 425.40 million in revenue and USD 0.21 diluted earnings per share for the second quarter of 2026, according to MarketBeat. Earnings per share exceeded the cited USD 0.13 consensus by USD 0.08, while revenue was above the cited USD 423.35 million expectation by USD 2.05 million.
The company also set fiscal 2026 earnings-per-share guidance at USD 2.49 to USD 2.57 and third-quarter 2026 guidance at USD 0.64, according to MarketBeat. That range gives investors a concrete benchmark for the next earnings update, rather than relying only on the revised analyst target.
Targets remain above the market
MarketBeat said on September 26, 2026, that 18 brokerages had a consensus Hold rating and an average 12-month target of USD 40.97. The same report cited two sell ratings, ten hold ratings, five buy ratings and one strong-buy rating, showing why the lower Scotiabank target does not represent the entire analyst range.
UDR's residential real estate investment trust model centers on owning, acquiring, developing, redeveloping and managing multifamily apartment communities, with revenue generated primarily through residential leasing, according to MarketBeat. The next earnings date shown by Investing.com is October 27, 2026.
UDR stock stays below its yearly high
UDR was trading at EUR 30.25 at Lang & Schwarz on October 6, 2026 at 10:00 a.m. CEST, up 0.33 percent versus the prior close of EUR 30.15. The primary listing is NYSE, where the quoted 52-week range was USD 32.94 to USD 42.00 and market capitalization was USD 10.9 billion as of October 5, 2026.
The further course of trading is shown by the continuously updated real-time quote of UDR stock.
UDR stock facts
- Company: UDR, Inc.
- ISIN: US9026531049
- Ticker: UDR
- Primary exchange: NYSE
- Price Lang & Schwarz as of October 6, 2026, 10:00 a.m. CEST: EUR 30.25
- Change versus prior close: plus 0.33 percent
- Prior close Lang & Schwarz October 5, 2026: EUR 30.15
- Market capitalization: USD 10.9 billion as of October 5, 2026
- 52-week range: USD 32.94-USD 42.00
- Sector / Industry: Real Estate / REIT - Residential
- Index membership: S&P 500
- Next earnings date: October 27, 2026
