Refile: BUZZ-UDR jumps on FY forecast lift, Apollo deal

Apollo Global Management

Yesterday 14:43

Corrects typo in third bullet
** Shares of real estate investment trust UDR UDR.N rise 1.6% to $35 
** UDR lifts its FY net income forecast to $1.58 - $1.60 per diluted share, from $1.03 - $1.11
** UDR announces a $2 billion joint venture with alternative asset manager Apollo Global Management APO.N
** APO will invest $1.34 billion for about a two-thirds stake, with UDR retaining management control and a one-third interest
** Average analyst rating is "hold", with 9 "strong buy" or "buy", 12 "hold" and 2 "sell"; median PT is $40 - data compiled by LSEG
** Including session moves, stock had fallen about 6% YTD

 (Reporting by Darshan Kumar in Bengaluru)
 ((darshan.kumar@thomsonreuters.com ))