UDR Sets New 1-Year High at $28.11 (UDR)
UDR (NYSE:UDR)’s share price reached a new 52-week high during trading on Thursday , American Banking News.com reports. The company traded as high as $28.11 and last traded at $28.04, with a volume of 639,420 shares traded. The stock had previously closed at $27.75.
UDR has been the subject of a number of recent research reports. Analysts at TheStreet upgraded shares of UDR from a “hold” rating to a “buy” rating in a research note on Friday, May 9th. Separately, analysts at Citigroup Inc. reiterated a “hold” rating on shares of UDR in a research note on Friday, May 2nd. They now have a $27.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of UDR in a research note on Friday, April 11th. They now have a $27.00 price target on the stock. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $25.67.
The stock’s 50-day moving average is $26.79 and its 200-day moving average is $25.20. The company has a market cap of $7.100 billion and a price-to-earnings ratio of 116.11.
UDR (NYSE:UDR) last released its earnings data on Tuesday, April 29th. The company reported $0.36 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.36. The company had revenue of $198.04 million for the quarter, compared to the consensus estimate of $191.82 million. During the same quarter last year, the company posted $0.34 earnings per share. UDR’s revenue was up 7.1% compared to the same quarter last year. On average, analysts predict that UDR will post $1.51 earnings per share for the current fiscal year.
In other UDR news, VP Warren L. Troupe sold 11,000 shares of the stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $27.50, for a total value of $302,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
UDR, Inc (NYSE:UDR) is a self administered real estate investment trust (REIT), which owns, operates, acquires, renovates, develops, redevelops, and manages multifamily apartment communities located throughout the United States.
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