UDR price target raised to $43 from $42 at Scotiabank

Scotiabank raised the firm’s price target on UDR to $43 from $42 and keeps a Sector Perform rating on the shares. Following Q2 results, the firm is relatively mixed on the Real Estate & REITs sector, the analyst tells investors. U.S REIT’s relative valuation is now in-line with the S&P 500 following recent volatility while Senior Housing Operating fundamentals reinforced the strong same story net operating income growth story.