UDR Hits New 1-Year High at $30.33 (UDR)
Shares of UDR (NYSE:UDR) reached a new 52-week high during trading on Thursday , Analyst Ratings.Net reports. The company traded as high as $30.33 and last traded at $30.21, with a volume of 375,026 shares. The stock had previously closed at $30.22.
Several analysts have recently commented on the stock. Analysts at Mizuho initiated coverage on shares of UDR in a research note on Monday, August 25th. They set a “neutral” rating and a $31.00 price target on the stock. Separately, analysts at KeyCorp reiterated a “buy” rating on shares of UDR in a research note on Monday, August 18th. They now have a $33.00 price target on the stock, up previously from $32.00. Finally, 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. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $29.13.
The stock’s 50-day moving average is $29.32 and its 200-day moving average is $27.40. The company has a market cap of $7.564 billion and a price-to-earnings ratio of 91.58.
UDR (NYSE:UDR) last released its earnings data on Tuesday, July 29th. The company reported $0.39 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.35 earnings per share. UDR’s revenue was up 7.5% compared to the same quarter last year. Analysts expect that UDR will post $1.53 EPS for the current fiscal year.
In other UDR news, CEO Thomas W. Toomey sold 7,000 shares of UDR stock on the open market in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $29.70, for a total value of $207,900.00. The sale was disclosed in a legal filing 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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