UDR price target lowered to $45 from $47 at Mizuho

Mizuho lowered the firm’s price target on UDR (UDR) to $45 from $47 and keeps a Neutral rating on the shares. Unlike 2024, 2025 will be more of a year of stock selection with shifting fundamental dynamics among East Coast, West Coast and Sunbelt markets, while earnings growth “will be elusive and a key differentiator” among apartment real estate investment trusts, the analyst tells investors in a research note. The firm believes apartment real estate investment trust valuations appear fair versus multiples and private market values, but fully valued versus bond market proxies.