UDR Inc. (NYSE: UDR) stock jumped 0.02% on Friday to $42.01 against a previous-day closing price of $42.00. With 3.1 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.96 million shares. During the session, the REIT – Residential company that operates in wider Real Estate sector, reached to the highest price of $42.28 whereas the lowest price it dropped to was $41.39. The 52-week range on UDR shows that it touched its highest point at $61.06 and its lowest point at $41.98 during that stretch. It currently has a 1-year price target of $54.05. With its current market cap of 13.72 billion, UDR has annualized dividend of $1.52 while the current yield stands at 3.62%. Beta for the stock currently stands at 0.74.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of UDR was down-trending over the past week, with a drop of -6.39%, but this was down by -9.95% over a month. Three-month performance dropped to -8.07% while six-month performance fell -24.66%. The stock lost -21.68% in the past year, while it has lost -29.97% so far this year. A look at the trailing 12-month EPS for UDR yields 0.48 with Next year EPS estimates of 0.56. For the next quarter, that number is 0.08. This implies an EPS growth rate of 137.40% for this year and 124.19% for next year.
Float and Shares Shorts:
At present, 324.92 million UDR shares are outstanding with a float of 323.00 million shares on hand for trading. On Jul 14, 2022, short shares totaled 6.15 million, which was 1.93% higher than short shares on Jun 14, 2022. In addition to Mr. Thomas W. Toomey as the firm’s Chairman & CEO, Mr. Joseph D. Fisher CFA serves as its CFO & Pres.
Through their ownership of 100.70% of UDR’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 62.52% of UDR, in contrast to 40.49% held by mutual funds. Shares owned by individuals account for 2.52%. As the largest shareholder in UDR with 15.28% of the stake, The Vanguard Group, Inc. holds 49,649,834 shares worth 49,649,834. A second-largest stockholder of UDR, Cohen & Steers Capital Management, holds 38,924,552 shares, controlling over 11.98% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in UDR, holding 21,026,439 shares or 6.47% stake. With a 5.56% stake in UDR, the Government Pension Fund – Global is the largest stakeholder. A total of 18,058,103 shares are owned by the mutual fund manager. The Vanguard Real Estate Index Fund, which owns about 4.49% of UDR stock, is the second-largest Mutual Fund holder. It holds 14,598,581 shares valued at 655.04 million. Vanguard Total Stock Market Index holds 2.90% of the stake in UDR, owning 9,425,489 shares worth 422.92 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for UDR since 22 analysts follow the stock currently. There are 8 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 10 believe that the stock is worth HOLDING, 4 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With UDR analysts setting a high price target of $71.00 and a low target of $46.00, the average target price over the next 12 months is $54.10. Based on these targets, UDR could surge 69.01% to reach the target high and rise by 9.5% to reach the target low. Reaching the average price target will result in a growth of 28.78% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. UDR will report FY 2022 earnings on 02/07/2023. Analysts have provided yearly estimates in a range of $0.29 being high and $0.22 being low. For UDR, this leads to a yearly average estimate of $0.25. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. UDR Inc. surprised analysts by -$0.06 when it reported $0.01 EPS against a consensus estimate of $0.07. The surprise factor in the prior quarter was $0.01. Based on analyst estimates, the high estimate for the next quarter is $0.10 and the low estimate is $0.07. The average estimate for the next quarter is thus $0.08.
Summary of Insider Activity:
Insiders traded UDR stock several times over the past three months with 1 Buys and 0 Sells. In these transactions, 5,457 shares were bought while 0 shares were sold. The number of buy transactions has increased to 7 while that of sell transactions has risen to 12 over the past year. The total number of shares bought during that period was 32,248 while 46,561 shares were sold.