As of Friday close, UDR Inc.’s (NYSE:UDR) stock was down -$0.47, moving down -1.28 percent to $36.23. The average number of shares traded per day over the past five days has been 1,798,060 shares. 2 times new highs have been achieved over the past 5 days, with a -$2.00 fall in that time frame. In the last twenty days, the average volume was 2,169,005, while in the previous 50 days, it was 2,130,826.
Since last month, UDR stock retreated -6.72%. Shares of the company fell to $36.17 on 09/22/23, the lowest level in the past month. A 52-week high of $45.46 was reached on 02/16/23 after having rallying from a 52-week low of $36.70. Since the beginning of this year, UDR’s stock price has dropped by -6.45% or -$2.50, and marked a new high 12 times. However, the stock has declined by -20.30% since its 52-week high.
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UDR stock investors should be aware that UDR Inc. (UDR) stock had its last reported insider trading activity 304 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 27.16. The stock’s beta is 0.76. Besides these, the trailing price-to-sales (P/S) ratio of 7.52, the price-to-book (PB) ratio of 2.92, and the price-to-cash flow ratio of 32.55 may also be considered.
The latest dividend of $0.42 per share was paid out, remained unchanged from last year’s $0.42.
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 17.22%, the RSI 9-day stood at 17.60% on 22 September.
With respect to its five-day moving average, the current UDR Inc. price is down by -5.23% percent or -$2.00. At present, UDR shares trade -6.43% below its 20-day simple moving average and -12.11% percent below its 100-day simple moving average. However, the stock is currently trading approximately -16.56% below its SMA50 and -9.99% below its SMA200.
Stochastic coefficient K was 8.85% and Stochastic coefficient D was 11.71%, while ATR was 0.68. Given the Stochastic reading of 1.44% for the 14-day period, the RSI (14) reading has been calculated as 24.21%. As of today, the MACD Oscillator reading stands at -0.85, while the 14-day reading stands at -1.26.
Analyst Ratings
Scotiabank upgraded its rating on UDR Inc. (NYSE: UDR) to a Sector outperform in a note to investors on August 30, 2023. The analysts firm previously had a Sector perform rating on the stock.UDR Inc. (UDR) has been rated Overweight by analysts. According to 0 brokerage firms, UDR is a sell, and 10 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate UDR Inc. stock as buy, with 8 recommending it as overweight.
With a median target price of $45.00, the current consensus forecast for the stock is $42.50 – $51.00. Based on these forecasts, analysts predict UDR Inc. (UDR) will achieve an average price target of $45.32.
