In yesterday’s Wall Street session, UDR Inc (NYSE:UDR) shares traded at $37.17, down -0.13% from the previous session.
UDR stock price is now 1.98% away from the 50-day moving average and -0.20% away from the 200-day moving average. The market capitalization of the company currently stands at $12.24B.
With the price target enhanced from $34 to $40, Piper Sandler Upgraded its rating from Underweight to Neutral for UDR Inc (NYSE: UDR). On March 04, 2024, Wells Fargo Upgraded its previous ‘Equal Weight’ rating to ‘Overweight’ on the stock increasing its target price from $34 to quote $39, while ‘Morgan Stanley’ rates the stock as ‘Equal-Weight’
In other news, TOOMEY THOMAS W, Chairman and CEO sold 45,000 shares of the company’s stock on Dec 26 ’23. The stock was sold for $1,705,500 at an average price of $37.90. Upon completion of the transaction, the Chairman and CEO now directly owns 939,716 shares in the company, valued at $34.93 million. A total of 0.48% of the company’s stock is owned by insiders.
During the past 12 months, UDR Inc has had a low of $30.95 and a high of $43.96. According to the stock market information, the enterprise value for the company is $18.27B, which is based on a 27.98 price-to-earnings ratio, a 1.32 price-to-earnings-growth ratio, and a beta of 0.79. The fifty day moving average price for UDR is $36.46 and a two-hundred day moving average price translates $37.25 for the stock.
The latest earnings results from UDR Inc (NYSE: UDR) was released for Dec, 2023. According to the REIT – Residential Company, earnings per share came in at $0.1, missing analysts’ expectations of $0.11 by -0.01. This compares to $0.14 EPS in the same period last year. The net profit margin was 27.00% and return on equity was 10.99% for UDR. The company reported revenue of $413.27 million for the quarter, compared to $399.66 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.41 percent. For the current quarter, analysts expect UDR to generate $409.71M in revenue.
