The stock price of UDR Inc (NYSE: UDR) has surged by 1.00 when compared to previous closing price of 37.91, but the company has seen a 3.46% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-29 that Residential REITs are likely to have gained from portfolio diversification and technological initiatives in Q1, though high supply and elevated interest rates are likely to have acted as dampeners.
Is It Worth Investing in UDR Inc (NYSE: UDR) Right Now?
The price-to-earnings ratio for UDR Inc (NYSE: UDR) is above average at 28.82x. The 36-month beta value for UDR is also noteworthy at 0.78. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 1 rating it as “overweight,” 15 rating it as “hold,” and 1 rating it as “sell.”
The public float for UDR is 327.50M, and at present, short sellers hold a 1.80% of that float. The average trading volume of UDR on April 30, 2024 was 2.87M shares.
UDR’s Market Performance
The stock of UDR Inc (UDR) has seen a 3.46% increase in the past week, with a 2.35% rise in the past month, and a 4.22% gain in the past quarter. The volatility ratio for the week is 1.93%, and the volatility levels for the past 30 days are at 2.05% for UDR. The simple moving average for the past 20 days is 4.13% for UDR’s stock, with a 3.82% simple moving average for the past 200 days.
Analysts’ Opinion of UDR
Many brokerage firms have already submitted their reports for UDR stocks, with UBS repeating the rating for UDR by listing it as a “Buy.” The predicted price for UDR in the upcoming period, according to UBS is $44 based on the research report published on April 25, 2024 of the current year 2024.
Piper Sandler, on the other hand, stated in their research note that they expect to see UDR reach a price target of $40, previously predicting the price at $34. The rating they have provided for UDR stocks is “Neutral” according to the report published on April 10th, 2024.
Wells Fargo gave a rating of “Overweight” to UDR, setting the target price at $39 in the report published on March 04th of the current year.
UDR Trading at 4.32% from the 50-Day Moving Average
After a stumble in the market that brought UDR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -12.89% of loss for the given period.
Volatility was left at 2.05%, however, over the last 30 days, the volatility rate increased by 1.93%, as shares surge +4.50% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.21% upper at present.
During the last 5 trading sessions, UDR rose by +3.46%, which changed the moving average for the period of 200-days by -11.81% in comparison to the 20-day moving average, which settled at $36.85. In addition, UDR Inc saw 0.00% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at UDR starting from TOOMEY THOMAS W, who sale 45,000 shares at the price of $37.90 back on Dec 26 ’23. After this action, TOOMEY THOMAS W now owns 939,716 shares of UDR Inc, valued at $1,705,500 using the latest closing price.
Stock Fundamentals for UDR
Current profitability levels for the company are sitting at:
- 0.37 for the present operating margin
- 0.24 for the gross margin
The net margin for UDR Inc stands at 0.27. The total capital return value is set at 0.06. Equity return is now at value 10.99, with 3.97 for asset returns.
Based on UDR Inc (UDR), the company’s capital structure generated 0.61 points at debt to capital in total, while cash flow to debt ratio is standing at 0.13. The debt to equity ratio resting at 1.56. The interest coverage ratio of the stock is 3.31.
Currently, EBITDA for the company is 978.79 million with net debt to EBITDA at 11.68. When we switch over and look at the enterprise to sales, we see a ratio of 11.4. The receivables turnover for the company is 7.11for trailing twelve months and the total asset turnover is 0.14.
Conclusion
In summary, UDR Inc (UDR) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
