United Dominion Realty Trust (UDR) has risen sharply, recording gains of 4.56% in the past 4 weeks. However, the stock has corrected -1.73% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 0.18% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has recorded a 20-day Moving Average of 1.31% and the 50-Day Moving Average is 2.67%.
United Dominion Realty Trust (NYSE:UDR): The stock opened at $36.93 on Friday but the bulls could not build on the opening and the stock topped out at $36.93 for the day. The stock traded down to $36.24 during the day, due to lack of any buying support eventually closed down at $36.45 with a loss of -1.41% for the day. The stock had closed at $36.97 on the previous day. The total traded volume was 2,683,160 shares.
The company Insiders own 2.79% of United Dominion Realty Trust shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 0.02% . Institutional Investors own 98.29% of United Dominion Realty Trust shares. During last six month period, the net percent change held by insiders has seen a change of -1.54%. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Udr, Inc., Klingbeil James D, had purchased 030 shares in a transaction dated on June 10, 2016. The transaction was executed at $33.68 per share with total amount equaling $1,010.
UDR, Inc. is a self-administered real estate investment trust (REIT). The Company owns, operates, acquires, renovates, develops, redevelops and manages multifamily apartment communities located in high barrier-to-entry markets throughout the United States. The Company operates through two segments: Same-Store Communities and Non-Mature Communities/Other. The Companys Same-Store Communities segment includes the communities that were acquired, developed and stabilized prior to January 1, 2013, and held as of December 31, 2014. The Companys Non-Mature Communities/Other segment represents the acquired, developed and redeveloped communities, and the non-apartment components of mixed use properties, which do not meet the criteria to be included in the Same-Store Communities segment. As of December 31, 2014, the Companys consolidated real estate portfolio included 139 communities located in 20 markets, with a total of 39,851 completed apartment homes.