United Dominion Realty Trust (UDR) : Traders are bullish on United Dominion Realty Trust (UDR) as it has outperformed the S&P 500 by a margin of 0.17% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.32%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.95% in the last 1 week, and is up 6.94% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
United Dominion Realty Trust (NYSE:UDR): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $36.84 and $36.84 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $37.31. The buying momentum continued till the end and the stock did not give up its gains. It closed at $37.16, notching a gain of 0.70% for the day. The total traded volume was 1,546,519 . The stock had closed at $36.90 on the previous day.
The stock has recorded a 20-day Moving Average of 1.91% and the 50-Day Moving Average is 4.63%. UDR, Inc. is up 4.05% in the last 3-month period. Year-to-Date the stock performance stands at 1.23%.
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.