UDR Inc (NYSE: UDR): Analyst View Points To Future Growth

UDR Inc (UDR) concluded trading on Thursday at a closing price of $44.11, with 2.09 million shares of worth about $92.09 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 24.25% during that period and on August 29, 2024 the price saw a loss of about -0.18%. Currently the company’s common shares owned by public are about 329.01M shares, out of which, 328.19M shares are available for trading.

Stock saw a price change of 3.64% in past 5 days and over the past one month there was a price change of 10.08%. Year-to-date (YTD), UDR shares are showing a performance of 15.20% which increased to 11.10% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $30.95 but also hit the highest price of $44.22 during that period. The average intraday trading volume for UDR Inc shares is 2.18 million. The stock is currently trading 5.20% above its 20-day simple moving average (SMA20), while that difference is up 6.67% for SMA50 and it goes to 15.92% higher than SMA200.

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UDR Inc (NYSE: UDR) currently have 329.01M outstanding shares and institutions hold larger chunk of about 103.26% of that.

The stock has a current market capitalization of $14.55B and its 3Y-monthly beta is at 0.83. PE ratio of stock for trailing 12 months is 109.16, while it has posted earnings per share of $0.40 in the same period. Its PEG reads 5.15 while making debt-to-equity ratio of 1.60. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for UDR, volatility over the week remained 1.66% while standing at 1.70% over the month.

Stock’s fiscal year EPS is expected to drop by -69.06% while it is estimated to increase by 14.48% in next year. EPS is likely to grow at an annualized rate of 21.18% for next 5-years, compared to annual growth of 12.55% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BMO Capital Markets on July 15, 2024 offering an Outperform rating for the stock and assigned a target price range of between $39 and $45 to it. Coverage by Scotiabank stated UDR Inc (UDR) stock as a Sector perform in their note to investors on May 01, 2024, suggesting a price target of $39 for the stock. On April 25, 2024, UBS Upgrade their recommendations, while on April 10, 2024, Piper Sandler Upgrade their ratings for the stock with a price target of $40. Stock get an Overweight rating from Wells Fargo on March 04, 2024.

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