UDR price target lowered to $42 from $45 at KeyBanc

KeyBanc lowered the firm’s price target on UDR (UDR) to $42 from $45 and keeps an Overweight rating on the shares. The firm is decreasing its 2026 FFO/share estimates by 2.8%, on average, and its same store revenue growth assumptions by about 60 bps, on average, reflecting its revised outlook and quarterly results. KeyBanc is also decreasing its 2027 FFO/share estimates by 4.6%, on average, and its 2027 same store revenue growth assumptions by about 90 bps, on average, to reflect the aforementioned items.