United Dominion Realty Trust (UDR) has been under a strong bear grip, hence the stock is down -2.33% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.25% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.19% in the last 1 week, and is up 0.95% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 1.02% and the 50-Day Moving Average is 4.68%. UDR, Inc. is up 7.47% in the last 3-month period. Year-to-Date the stock performance stands at 1.42%.
United Dominion Realty Trust (NYSE:UDR): stock turned positive on Friday. Though the stock opened at $36.57, the bulls momentum made the stock top out at $37.58 level for the day. The stock recorded a low of $36.57 and closed the trading day at $37.23, in the green by 1.83%. The total traded volume for the day was 1,945,741. The stock had closed at $36.56 in the previous days trading.
Also, Brokerage firm KeyBanc downgrades its rating on United Dominion Realty Trust (NYSE:UDR). The shares have been rated Sector Weight. Previously, the analysts had a Overweight rating on the shares. The rating by the firm was issued on May 26, 2016.
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.