Market cap of UDR Inc. [UDR] reaches 12.91B – now what?

UDR Inc. [NYSE: UDR] traded at a high on 12/22/22, posting a 0.39 gain after which it closed the day’ session at $38.42. The company report on December 15, 2022 that UDR Declares Quarterly Dividends.

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UDR, Inc. (NYSE: UDR), a leading multifamily real estate investment trust, announced today that its Board of Directors declared a regular quarterly dividend on its common stock for the fourth quarter of 2022 in the amount of $0.38 per share payable on January 31, 2023 to UDR common stock shareholders of record as of January 9, 2023. The January 31, 2023 dividend will be the 201st consecutive quarterly dividend paid by the Company on its common stock.

UDR also announced that its Board of Directors declared a regular quarterly dividend on its Series E preferred stock for the fourth quarter of 2022 in the amount of $0.4114 per share. The preferred dividend is payable on January 31, 2023 to Series E preferred stock shareholders of record as of January 9, 2023.

The results of the trading session contributed to over 2164655 shares changing hands. Over the past one week, the price volatility of UDR Inc. stands at 2.22% while the volatility over the past one month is 2.39%.

The market cap for UDR stock reached $12.91 billion, with 324.70 million shares outstanding and 323.63 million shares in the current float. Compared to the average trading volume of 2.53M shares, UDR reached a trading volume of 2164655 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about UDR Inc. [UDR]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for UDR shares is $46.09 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on UDR stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

UBS have made an estimate for UDR Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on December 15, 2022. While these analysts kept the previous recommendation, Morgan Stanley dropped their target price from $49 to $47. The new note on the price target was released on December 02, 2022, representing the official price target for UDR Inc. stock. Previously, the target price had yet another drop from $55 to $46, while Jefferies kept a Buy rating on UDR stock. On September 19, 2022, analysts decreased their price target for UDR shares from 48 to 46.

The Average True Range (ATR) for UDR Inc. is set at 0.95, with the Price to Sales ratio for UDR stock in the period of the last 12 months amounting to 8.80. The Price to Book ratio for the last quarter was 3.19, with the Price to Cash per share for the same quarter was set at 0.00. Price to Free Cash Flow for UDR in the course of the last twelve months was 43.15.

How has UDR stock performed recently?

UDR Inc. [UDR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.83. With this latest performance, UDR shares dropped by -4.95% in over the last four-week period, additionally sinking by -16.75% over the last 6 months – not to mention a drop of -34.67% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for UDR stock in for the last two-week period is set at 40.69, with the RSI for the last a single of trading hit 36.64, and the three-weeks RSI is set at 42.75 for UDR Inc. [UDR]. The present Moving Average for the last 50 days of trading for this stock 39.56, while it was recorded at 38.45 for the last single week of trading, and 46.37 for the last 200 days.

UDR Inc. [UDR]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and UDR Inc. [UDR] shares currently have an operating margin of +10.51 and a Gross Margin at +14.97. UDR Inc.’s Net Margin is presently recorded at +11.62.

Return on Equity for this stock inclined to 4.49, with Return on Assets sitting at 1.47.

Insider trade positions for UDR Inc. [UDR]

There are presently around $12,306 million, in the hands of institutional investors. The top three institutional holders of UDR stocks are: VANGUARD GROUP INC with ownership of 52,113,513, which is approximately 1.849% of the company’s market cap and around 0.30% of the total institutional ownership; COHEN & STEERS, INC., holding 36,571,583 shares of the stock with an approximate value of $1.41 billion in UDR stocks shares; and BLACKROCK INC., currently with $1.32 billion in UDR stock with ownership of nearly -1.798% of the company’s market capitalization.

Positions in UDR Inc. stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 214 institutional holders increased their position in UDR Inc. [NYSE:UDR] by around 14,043,590 shares. Additionally, 208 investors decreased positions by around 22,419,823 shares, while 80 investors held positions by with 283,850,280 shares. The mentioned changes placed institutional holdings at 320,313,693 shares, according to the latest SEC report filing. UDR stock had 34 new institutional investments in for a total of 569,320 shares, while 52 institutional investors sold positions of 2,240,210 shares during the same period.


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