UDR, Inc. (NYSE:UDR) is an American multifamily real estate investment trust with a strong track record of managing, developing, and selling real estate properties. UDR, Inc. (NYSE:UDR) is based in Highlands Branch, Colorado. It owns apartment homes and multiple properties under development. On October 31, Bank of America has shifted its rating for UDR, Inc. (NYSE:UDR), downgrading it from Buy to Neutral, and revising the price target to $33 from the previous $42. The analyst points out that rent price growth for new leases in Q3 has turned negative for companies with substantial exposure to the Sunbelt. As a result, the analyst is also downgrading three other Real Estate Investment Trusts (REITs) with significant ties to that region.