As of Thursday close, UDR Inc.’s (NYSE:UDR) stock was down -$0.22, moving down -0.54 percent to $40.25. The average number of shares traded per day over the past five days has been 2,543,720 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.36 fall in that time frame. In the last twenty days, the average volume was 2,057,060, while in the previous 50 days, it was 2,155,196.
Since last month, UDR stock retreated -7.24%. Shares of the company fell to $39.40 on 08/03/23, the lowest level in the past month. A 52-week high of $50.65 was reached on 02/16/23 after having rallying from a 52-week low of $37.18. Since the beginning of this year, UDR’s stock price has risen by 3.92% or $1.52, and marked a new high 12 times. However, the stock has declined by -20.53% since its 52-week high.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
UDR stock investors should be aware that UDR Inc. (UDR) stock had its last reported insider trading activity 254 days ago on Nov 23. TOOMEY THOMAS W, the Chairman and CEO of the company, disposed of 20,000 shares for $40.44 on Nov 23. It resulted in a $808,784 divestment by the insider.
Valuation Metrics
Right now, UDR Inc. (UDR) has a P/E ratio of about 30.17. The stock’s beta is 0.75. Besides these, the trailing price-to-sales (P/S) ratio of 8.39, the price-to-book (PB) ratio of 3.25.
The latest dividend of $0.42 per share was paid out, remained unchanged from last year’s $0.42. On Thursday March 16 2023, a $0.04 dividend increase was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.27, and the total debt-to-equity ratio was 1.33. On the profitability front, the trailing twelve-month gross margin is 65.70% percent. In the year ended June 29, operating margins totaled 38.50%. Based on annual data, UDR earned $250.81 million in gross profit and brought in $1.52 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 2.60%. Return on equity (ROE) for the past 12 months was 11.10%.
In UDR Inc.’s quarter-end financial report for June 29, it reported total debt of $1.05 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. UDR’s revenue rose 8.75% to $399.55 million during the quarter, while net income inched up to $404.55 million. While analysts expected UDR Inc. to report $0.12 quarterly earnings, the actual figure was $1.02 per share. During the quarter, the company generated $569.11 million in EBITDA. The value of shareholders’ equity is $329.48 million.
Technical Picture
This quick technical analysis looks at UDR Inc.’s (UDR) price momentum. With a historical volatility rate of 25.76%, the RSI 9-day stood at 30.51% on 03 August.
With respect to its five-day moving average, the current UDR Inc. price is down by -0.89% percent or -$0.36. At present, UDR shares trade -7.15% below its 20-day simple moving average and +0.83% percent above its 100-day simple moving average. However, the stock is currently trading approximately -0.98% below its SMA50 and +6.91% above its SMA200.
Stochastic coefficient K was 14.45% and Stochastic coefficient D was 13.89%, while ATR was 0.87. Given the Stochastic reading of 19.81% for the 14-day period, the RSI (14) reading has been calculated as 35.96%. As of today, the MACD Oscillator reading stands at -0.81, while the 14-day reading stands at -1.40.
Analyst Ratings
UDR Inc. downgraded its rating on UDR Inc. (NYSE: UDR) to a Peer perform in a note to investors on May 15, 2023. The analysts firm previously had an Outperform rating on the stock.UDR Inc. (UDR) has been rated Overweight by analysts. According to 0 brokerage firms, UDR is a sell, and 12 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate UDR Inc. stock as buy, with 6 recommending it as overweight.
With a median target price of $45.50, the current consensus forecast for the stock is $43.00 – $51.00. Based on these forecasts, analysts predict UDR Inc. (UDR) will achieve an average price target of $45.94.
