UDR Sets New 1-Year High at $29.89 (UDR)
UDR (NYSE:UDR) hit a new 52-week high during mid-day trading on Tuesday , American Banking & Market News reports. The company traded as high as $29.89 and last traded at $29.87, with a volume of 257,794 shares changing hands. The stock had previously closed at $29.82.
Several analysts have recently commented on the stock. Analysts at KeyCorp reiterated a “buy” rating on shares of UDR in a research note on Monday. They now have a $33.00 price target on the stock, up previously from $32.00. Separately, analysts at RBC Capital raised their price target on shares of UDR from $28.00 to $31.00 in a research note on Tuesday, August 5th. They now have a “sector perform” rating on the stock. Finally, analysts at Barclays raised their price target on shares of UDR from $27.00 to $29.00 in a research note on Monday, July 21st. They now have an “equal weight” rating on the stock. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. UDR currently has an average rating of “Hold” and a consensus target price of $28.86.
The stock’s 50-day moving average is $28.91 and its 200-day moving average is $27.02. The company has a market cap of $7.503 billion and a P/E ratio of 90.36.
UDR (NYSE:UDR) last issued its earnings results on Tuesday, July 29th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.01. The company had revenue of $203.70 million for the quarter, compared to the consensus estimate of $198.40 million. During the same quarter in the previous year, the company posted $0.35 earnings per share. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. Analysts expect that UDR will post $1.53 EPS for the current fiscal year.
In other UDR news, VP Matthew A. Cozad sold 1,000 shares of the company’s stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $29.52, for a total transaction of $29,520.00. The transaction was disclosed in a document filed with the SEC, 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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