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Fly News Breaks for November 9, 2015
UDR
Nov 9, 2015 | 08:04 EDT
Miller Tabak downgraded UDR Inc to Sell and said its sees increased odds of long-term interest rates rising in 2016-2018, creating headwinds for REIT valuations. Additionally, the firm is increasingly concerned about the commercial real estate sector following several large property sales by Equity Residential (EQR) and Duke Realty (DRE), both of which decided to pay special dividends rather than attempt to redeploy sales proceeds.
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