UDR, Inc. Monthly Stock Report
Publication Date: September 22, 2024
Company Overview
UDR, Inc., based in Highlands Ranch, Colorado, is a leading multifamily real estate investment trust (REIT) and a member of the S&P 500. Established in 1972, UDR focuses on the management, acquisition, development, and redevelopment of residential real estate communities across key markets in the United States. As of March 31, 2024, UDR owned or had stakes in 60,124 apartment homes, with an additional 311 units currently under development. The company is dedicated to delivering long-term value for its shareholders while ensuring a high standard of service for its residents and associates within the residential real estate sector.
Financial Performance and Market Outlook
UDR, Inc. reported impressive financial results for the recent period, with total revenues reaching approximately $1.68 billion, underscoring its robust performance within the residential sector. The company’s current stock price stands at $45.62, compared to a target high price of $52.00, reflecting significant growth potential. Moreover, the stock has a mean target price of $45.40, suggesting stability and potential upside from its current valuation. Analyst sentiment towards UDR is notably positive, with a majority recommending a “buy” rating, supported by a mean recommendation score of 2.5 from 20 analysts.
Stock Analysis and Trading Performance
Currently, UDR has 329,824,000 shares outstanding, with short interest comprising only 2.16% of the total float, indicating limited investor sentiment anticipating a decline in stock price. The stock is performing favorably above its fifty-day moving average of $42.85, which may point to a bullish trend. Notably, UDR has experienced price volatility over the past year, with a 52-week high of $47.55 and a low of $30.95. As the stock approaches its one-year high, this signals strong market interest, suggesting that UDR is positioned well to attract favorable attention from prospective investors.
| Metric | Value |
|---|---|
| Market Cap | $17.1b |
| Total Debt | $6.0b |
| Total Cash | $10.4m |
| Shares Outstanding | 329.8m |
| Float Shares | 327.4m |
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