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

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

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 up 0.4%. By the end of trading, UDR fell 30 cents (-1.2%) to $24.17 on average volume. Throughout the day, 1.8 million shares of UDR exchanged hands as compared to its average daily volume of 2.2 million shares. The stock ranged in price between $24.17-$24.60 after having opened the day at $24.55 as compared to the previous trading day's close of $24.47. Other companies within the Real Estate industry that declined today were: Roberts Realty Investors ( RPI), down 3.6%, Strategic Hotels & Resorts ( BEE), down 2.3%, CoreSite Realty ( COR), down 2.2%, and Tejon Ranch Corporation ( TRC), down 2.1%.
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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 $6.07 billion and is part of the financial sector. Shares are down 2.5% year to date as of the close of trading on Wednesday. Currently there are four 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, HMG/Courtland Properties ( HMG), up 9.4%, Power REIT ( PW), up 4.9%, SYSWIN ( SYSW), up 4.7%, and Brookfield Office Properties Canada ( BOXC), up 4.2%, were all gainers within the real estate industry with Host Hotels & Resorts ( HST) 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).

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