UDR Inc. (NYSE:UDR) traded at a new 52-week high today of $58.38. This new high was reached on below average trading volume as 182,000 shares traded hands, while the average 30-day volume is approximately 1.7 million shares.
UDR is a real estate investment trust primarily engaged in the acquisition, management, and development of multifamily apartment communities in urban submarkets throughout the United States. UDR divides its real estate portfolio into West, Mid-Atlantic, Southeast, Northeast, and Southwest geographic segments. Cumulatively, the vast majority of the company’s real estate assets are located in the western, mid-Atlantic, and northeastern areas of the U. .in terms of total value. The urban markets of metropolitan Washington D.C.; New York City; Orange County, California; and San Francisco, specifically, account for the majority of the value of UDR’s real estate property portfolio. The company derives nearly all of its revenue in the form of rental income from leases.
In the past 52 weeks, shares of UDR Inc. have traded between a low of $36.11 and a high of $58.38 and is now at $57.93, which is 60% above that low price.
Based on a current price of $57.93, UDR Inc. is currently 2.5% above its average consensus analyst price target of $56.49.
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