Stocks of United Dominion Realty Trust (NYSE:UDR) rallied by 3.32% during the past week but lost 1.86% on a 4-week basis. The company has outperformed the S&P 500 by 4.56% in the past week but underperformed the index by 2.75% in the last 4 weeks.
United Dominion Realty Trust (NYSE:UDR): The stock opened at $34.82 on Friday but the bulls could not build on the opening and the stock topped out at $34.87 for the day. The stock traded down to $34.47 during the day, due to lack of any buying support eventually closed down at $34.86 with a loss of -0.11% for the day. The stock had closed at $34.90 on the previous day. The total traded volume was 2,869,572 shares.
The company shares have rallied 4.78% from its 1 Year high price. On Apr 4, 2016, the shares registered one year high at $38.61 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $35.41 and the 200 Day Moving Average price is recorded at $35.97.
On the companys insider trading activities, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Udr, Inc., Klingbeil James D had purchased shares worth of $1,010 in a transaction dated on June 10, 2016. A total of 030 shares were purchased at a price of $33.68 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
Many analysts have stated their opinion on the company shares. KeyBanc downgrades their rating on the shares of United Dominion Realty Trust (NYSE:UDR). The current rating of the shares is Sector Weight. Earlier, the shares were rated a Overweight by the brokerage firm. The rating by the firm was issued on May 26, 2016. Currently 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 -2.07% . Institutional Investors own 98.41% of United Dominion Realty Trust shares. During last six month period, the net percent change held by insiders has seen a change of -2.07%.
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.