UDR Stock Falls On Unusually High Volume (UDR)

NEW YORK ( TheStreet) -- UDR (NYSE: UDR) is trading at unusually high volume Wednesday with 8.6 million shares changing hands. It is currently at four times its average daily volume and trading down 97 cents (-3.6%) at $25.64 as of 11:10 a.m. ET.

UDR has a market cap of $5.98 billion and is part of the financial sector and real estate industry. Shares are up 6% year to date as of the close of trading on Tuesday.

UDR, Inc. formerly United Dominion Realty Trust, Inc., operates as a self-administered equity real estate investment trust (REIT). It owns, acquires, renovates, develops, and manages middle-market apartment communities.

TheStreet Ratings rates UDR as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the company has not been very careful in the management of its balance sheet. You can view the full UDR Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.
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