UDR Inc (NYSE:UDR) finished Wednesday with a subtraction of -$0.32 to close at $35.39, a downside of -0.90 percent. An average of 1,880,920 shares of common stock have been traded in the last five days. There was a fall of -$2.54 in the past week, and it reached a new high 8 times over the past 12 months. The last 20 days have seen an average of 2,162,980 shares traded, while the 50-day average volume stands at 2,147,954.
UDR stock has decreased by -10.31% in the last month. The company shares reached their 1-month lowest point of $35.24 on 09/27/23. With the stock rallying to its 52-week high on 02/16/23, shares of the company touched a low of $35.53 and a high of $45.46 in 52 weeks. It has reached a new high 12 times so far this year and lost -8.62% or -$3.34 in price. In spite of this, the price is down -22.15% 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 309 days ago on Nov 23.
Valuation Metrics
UDR Inc (UDR) has a trailing price-to-earnings (P/E) ratio of 26.45. The stock’s beta is 0.77. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 7.31, the price-to-book (PB) ratio at 2.86, and the price-to-cash flow ratio at 21.55.
Financial Health
Further, the company has a long term debt to equity ratio of 1.30 and a total debt to equity ratio of 1.36 for the quarter ending June 29. Its gross profit as reported stood at $250.81 million compared to revenue of $1.52 billion.
Earnings Surprise
For the three-month period that ended June 29, UDR Inc had $1.05 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $346.32 million in the quarter, while revenues of $29.78 million were grew 98.85%. The analyst consensus anticipated UDR Inc’s latest quarter earnings to come in at $0.12 per share, but it turned out to be $1.02, a 750.00% surprise. For the quarter, EBITDA amounted to $569.11 million. At the end of the quarter ending June 29, UDR Inc’s stock balance sheet showed total debt was $5.61 billion. Shareholders own equity worth $329.48 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at UDR Inc (UDR) price momentum. RSI 9-day as of the close on 27 September was 13.31%, suggesting the stock is oversold, with historical volatility in this time frame at 12.77%.
As of today, UDR’s price is $36.01 -6.70% or -$2.54 from its 5-day moving average. UDR is currently trading -10.99% lower than its 20-day SMA and -12.10% lower than its 100-day SMA. However, the stock’s current price level is -16.55% below the SMA50 and -11.86% below the SMA200.
The stochastic %K and %D were 3.81% and 4.42%, respectively, and the average true range (ATR) was 0.65. With the 14-day stochastic at 3.58% and the average true range at 0.67, the RSI (14) stands at 20.23%. The stock has reached -1.18 on the 9-day MACD Oscillator while the 14-day reading was at -1.77.
Analyst Ratings
Scotiabank upgraded UDR Inc (NYSE: UDR) to a a Sector outperform rating in its most recent analyst report. Previously, the stock was rated as a Sector perform. The consensus rating for UDR Inc (UDR) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell UDR, while 10 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 8 others rate it as a “buy”.
