New Lifetime High For UDR (UDR)
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.
Trade-Ideas LLC identified
(
) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified UDR as such a stock due to the following factors:
- UDR has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $89.6 million.
- UDR has traded 7,798 shares today.
- UDR is trading at a new lifetime high.
EXCLUSIVE OFFER: Get the inside scoop on opportunities in UDR with the Ticky from Trade-Ideas. See the FREE profile for UDR NOW at Trade-Ideas
More details on UDR:
UDR, Inc. is an independent real estate investment trust. The firm invests in the real estate markets of the United States. It owns, operates, acquires, renovates, develops, redevelops, and manages multifamily apartment communities. The stock currently has a dividend yield of 3%. UDR has a PE ratio of 57.2. Currently there are 4 analysts that rate UDR a buy, no analysts rate it a sell, and 8 rate it a hold.
The average volume for UDR has been 1.9 million shares per day over the past 30 days. UDR has a market cap of $8.9 billion and is part of the financial sector and real estate industry. The stock has a beta of 0.25 and a short float of 2.9% with 1.85 days to cover. Shares are up 11.1% year-to-date as of the close of trading on Thursday.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
Analysis:
rates UDR as a
. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, good cash flow from operations, solid stock price performance and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows low profit margins.
Highlights from the ratings report include:
- The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Real Estate Investment Trusts (REITs) industry. The net income increased by 78.2% when compared to the same quarter one year prior, rising from $36.70 million to $65.42 million.
- Despite its growing revenue, the company underperformed as compared with the industry average of 10.1%. Since the same quarter one year prior, revenues slightly increased by 3.5%. Growth in the company's revenue appears to have helped boost the earnings per share.
- Net operating cash flow has increased to $110.38 million or 40.42% when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of 11.97%.
- Powered by its strong earnings growth of 1350.00% and other important driving factors, this stock has surged by 36.07% over the past year, outperforming the rise in the S&P 500 Index during the same period. Looking ahead, the stock's sharp rise over the last year has already helped drive it to a level which is relatively expensive compared to the rest of its industry. We feel, however, that other strengths this company displays justify these higher price levels.
- UDR INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. However, we anticipate underperformance relative to this pattern in the coming year. During the past fiscal year, UDR INC turned its bottom line around by earning $0.60 versus -$0.01 in the prior year. For the next year, the market is expecting a contraction of 71.7% in earnings ($0.17 versus $0.60).
- You can view the full UDR Ratings Report.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
null