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Updated · MarketWatch · Apr 28UDR Inc. stock rises 4.83% but lags behind sector peers
5 articles · Updated · MarketWatch · Apr 28
- UDR Inc. shares closed at $36.21 on Tuesday, snapping a two-day losing streak amid a weak overall market.
- Despite the gain, UDR Inc. remains 17.55% below its 52-week high of $43.92, reached on May 2nd.
- Trading volume surged to 4.3 million, above the 50-day average, while competitors Avalonbay, Equity Residential, and Mid-America Apartment Communities posted stronger gains.
Will UDR's big bet on technology create a lasting edge over its rivals? Can apartment REITs sustain their rally amid a cooling U.S. job market? With a positive outlook, why does Goldman Sachs still rate UDR a "Sell"? What could finally reverse three decades of sour investor sentiment for apartment REITs? Why did a competitor's stock rise despite a major lawsuit over "junk fees"? How will slowing apartment construction actually affect tenants' rent prices this year?