UDR Inc (UDR): Today's Featured Real Estate Laggard

UDR ( UDR) pushed the Real Estate industry lower today making it today's featured Real Estate laggard. The industry as a whole closed the day down 0.2%. By the end of trading, UDR fell 54 cents (-2.1%) to $25.54 on light volume. Throughout the day, two million shares of UDR exchanged hands as compared to its average daily volume of 3.1 million shares. The stock ranged in price between $25.54-$26.21 after having opened the day at $26.21 as compared to the previous trading day's close of $26.08. Other company's within the Real Estate industry that declined today were: Institutional Financial Markets ( IFMI), down 5.2%, Hospitality Properties ( HPT), down 3.9%, Alto Palermo ( APSA), down 3.8%, and Vestin Realty Mortgage I ( VRTA), down 3.6%.

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. UDR has a market cap of $6.6 billion and is part of the financial sector. Shares are up 5.1% year to date as of the close of trading on Monday. Currently there are five analysts that rate UDR a buy, one analyst rates it a sell, and 11 rate it a hold.

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.

On the positive front, Tree.com ( TREE), up 9.8%, IFM Investments ( CTC), up 8.6%, Chimera Investment Corporation ( CIM), up 8.3%, and Bluegreen Corporation ( BXG), up 6.6%, were all gainers within the real estate industry with Weyerhaeuser ( WY) being today's featured real estate industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the real estate industry could consider iShares Dow Jones US Real Estate ( IYR) while those bearish on the real estate industry could consider ProShares Short Real Estate Fund ( REK).
null