Repost-BUZZ-UDR stock price surges due to upgraded fiscal year outlook and deal with Apollo

Correction of a typographical error in the third key point

October 21 - ** Real Estate Investment Trust UDR (UDR.N) shares rose 1.6%, trading at $35

** UDR raised its full-year diluted earnings per share forecast from $1.03–$1.11 to $1.58–$1.60

** UDR announced the formation of a $2 billion joint venture with alternative asset manager Apollo Global Management (APO.N)

** Apollo will invest $1.34 billion and acquire about two-thirds of the equity, while UDR will retain management control and hold one-third of the equity

** The average analyst rating is "Hold", with 9 analysts giving a "Strong Buy" or "Buy" rating, 12 rating it as "Hold", and 2 rating it as "Sell"; the median target price is $40 — data compiled by LSEG

** Including intraday volatility, the stock is down about 6% year-to-date

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