Commanding a market cap of $14.7 billion, UDR, Inc. (UDR) is a prominent real estate investment trust primarily focused on owning, operating, and developing high-quality apartment communities across the United States. The Highlands Ranch, Colorado-based REIT’s portfolio spans a diverse range of residential properties in prime urban and suburban markets.
Companies valued at over $10 billion are typically classified as “large-cap stocks,” and UDR fits the label perfectly with its market cap exceeding this threshold. UDR's properties are spread across key metropolitan areas, offering renters access to desirable locations, amenities, and services. The company has a track record of enhancing its portfolio through strategic acquisitions, development, and renovations to increase property values and operational efficiency.
UDR is currently trading 5% below its 52-week high of $47.55, reached on Sep. 16. Moreover, shares of this REIT have gained 4.1% over the past three months, outpacing the broader Nasdaq Composite’s ($NASX) fall of 12.3% over the same time frame.
Moreover, over the past six months, shares of UDR are up marginally, surpassing NASX’s 4.5% drop over the same time frame. However, over the past 52 weeks, UDR has gained 20.7%, falling behind NASX’s nearly 25.7% returns.
To confirm its recent bullish trend, UDR has been trading above its 50-day and 200-day moving average since early February.
UDR's shares rose by 1.3% following the release of its mixed Q4 results on Feb. 5. While the company saw a 2.3% year-over-year increase in total revenues to $422.7 million, driven by a significant rise in rental income, this figure slightly missed analysts' expectations. Its FFO of $0.63 per share aligned with Street expectations, and the announcement of a quarterly dividend increase provided reassurance to investors.
UDR has surpassed its key rival, Equity Residential’s (EQR) 13.4% gain over the past 52 weeks and a 3.2% fall over the past six months.
Analysts remain moderately optimistic about its prospects. The stock has a consensus rating of “Moderate Buy” from the 24 analysts covering it, and the mean price target of $46.31 suggests a marginal premium to its current levels.
On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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