The stock of UDR Inc. (NYSE:UDR) decreased by -$0.11 on Tuesday to finish at $37.83, down -0.29 percent. The last five days have seen an average of 2,746,980 shares of common stock traded. 12 times new highs were reached in the current year, with a fall of -$0.90. The average number of shares traded over the last 20 days was 2,145,010, while the average volume over the last 50 days totaled 2,130,494.
UDR stock dropped -1.51% since last month. On 09/18/23, the company’s shares reached a one-month low of $37.52. The stock touched a high of $45.46 on 02/16/23, after rallying from a low of $37.18 in 52 weeks. The price of UDR stock has declined by -2.32% or -$0.90 this year, reaching a new high 12 times. Still, the stock price is down -16.78% from the 52-week high.
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Insider Transactions
UDR stock investors should be aware that UDR Inc. (UDR) stock had its last reported insider trading activity 301 days ago on Nov 23. On Nov 23, Chairman and CEO TOOMEY THOMAS W sold 20,000 shares at $40.44 each. This transaction resulted in the insider making $808,784.
Valuation Metrics
UDR Inc. (UDR) has a trailing price-to-earnings (P/E) ratio of 28.36. Beta for the stock is 0.75. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 7.86, the price-to-book (PB) ratio of 3.05, and the price-to-cash flow ratio of 33.98.
Company paid $0.42 per share in dividends, remained unchanged from $0.42 last year.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.27, and the total debt to equity ratio is 1.33. As far as profitability goes, gross margin for the trailing twelve months is 65.70% percent. UDR Inc.’s operating margin stood at 38.50% for the same period. Based on annual data, it had gross profit of $250.81 million and revenue of $1.52 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. UDR’s return on assets (ROA) during the last 12 months has been 4.00%. There was a 2.60% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 11.10%.
Earnings Surprise
According to UDR Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $404.55 million, while revenues rose by 8.75% to $399.55 million. It was predicted that UDR Inc.’s quarterly earnings would be $1.02, but it ended up being $0.12. EBITDA was $569.11 million for the quarter. At the end of UDR Inc.’s most recent quarter ended June 29, its total debt was $5.61 billion. Equity owned by shareholders amounts to $329.48 million.
Technical Picture
Here’s a quick look at UDR Inc.’s (UDR) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 29.89%, suggesting the stock is oversold, with a 9.74% historical volatility rate.
The stochastic %K and %D were 11.54% and 12.69% respectively, while the average true range (ATR) was 0.64. Based on the 14-day stochastic reading of 10.56%, the RSI (14) reading is 34.06%. On the 9-day MACD Oscillator, the stock is at -0.41, and the 14-day reading is at -0.86.
Analyst Ratings
In its most recent analyst report, Scotiabank raised its rating on UDR Inc. (NYSE: UDR) to a Sector outperform. Prior to this, analysts firm rated the stock as a Sector perform. Analysts have assigned UDR Inc. (UDR) an Overweight rating. UDR is a stock that is recommended for selling by 0 brokerage firms, while 10 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 8 others recommend it as a buy.
What is UDR’s price target for the next 12 months?
The current consensus forecast for the stock is between $42.50 and $51.00, with a median target price of $44.50. In analyzing these forecasts, the average price target given by analysts for UDR Inc. (UDR) is $45.28.
