UDR Inc. (NYSE:UDR) shares fell to a low of $48.685 before closing at $49.03. Intraday shares traded counted 1.6 million, which was 16.41% higher than its 30-day average trading volume of 1.91M. UDR’s previous close was $49.05 while the outstanding shares total 296.54M. The firm has a beta of 0.73, a 12-month trailing P/E ratio of 250.15. The stock’s Relative Strength Index (RSI) is 68.30, with weekly volatility at 1.70% and ATR at 0.85. The UDR stock’s 52-week price range has touched low of $29.34 and a $49.53 high. The stock traded lower over the last trading session, losing -0.04% on 06/04/21.
Investors have identified the REIT – Residential company UDR Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $14.56 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
UDR Inc. (UDR) Fundamentals that are to be considered.
UDR were able to record 59.46 million as free cash flow during the 08/03/2021 quarter of the year, this saw their quarterly net cash flow reduce by 10.43 million. In cash movements, the company had a total of 123.61 million as operating cash flow.
Potential earnings growth for UDR Inc. (UDR)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/03/2021 quarter of the year, UDR Inc. recorded a total of 301.44 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -6.65% coming in sequential stages and their sales for the 08/03/2021 quarter reducing by -0.31%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 226.37 million trying to sell their products during the last quarter, with the result yielding a gross income of 75.07 million. This allows shareholders to hold on to 296.54M with the recently reported earning now reading 0.01 cents per share. This is a figure that compared to analyst’s prediction for their 08/03/2021 (0.47 cents a share).
Having a look at the company’s valuation, the company is expected to record 2.11 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on UDR sounds very interesting.
Is the stock of UDR attractive?
In related news, SVP-CFO, Fisher Joseph D sold 11,509 shares of the company’s stock in a transaction that recorded on Jun 02. The sale was performed at an average price of 48.85, for a total value of 562,263. As the sale deal closes, the Chairman and CEO, TOOMEY THOMAS W now sold 10,000 shares of the company’s stock, valued at 444,010. Also, Chairman and CEO, TOOMEY THOMAS W sold 40,000 shares of the company’s stock in a deal that was recorded on Mar 16. The shares were price at an average price of 45.53 per share, with a total market value of 1,821,103. Following this completion of acquisition, the SVP-Chief Investment Officer, ALCOCK HARRY G now holds 15,000 shares of the company’s stock, valued at 680,172. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.50%.
8 out of 19 analysts covering the stock have rated it a Buy, while 10 have maintained a Hold recommendation on UDR Inc.. 0 analysts has assigned a Sell rating on the UDR stock. The 12-month mean consensus price target for the company’s shares has been set at $47.62.