UDR Rallies 18.2% in 6 months: Will the Trend Continue?

Shares of UDR Inc. (UDR) have risen 18.2% in the past six months compared with the industry's upside of 15.9%. Last month, UDR reported its second-quarter 2024 funds from operations as adjusted (FFOA) per share of 62 cents, which surpassed the Zacks Consensus Estimate of 61 cents. The quarterly results reflected an increase in revenues from same-store communities. UDR also raised its fullyear 2024 guidance. Analysts also seem bullish on this Zacks Rank #3 (Hold) company, with the Zacks Consensus Estimate fo ...