UDR Stock Rallies 15.8% Year to Date: Will the Trend Continue?

Shares of UDR Inc. (UDR) have rallied 15.8% in the past year, outperforming the industry's growth of 11.5%.Last October, UDR reported third-quarter 2024 funds from operations as adjusted (FFOA) per share of 62 cents, in line with the Zacks Consensus Estimate. On a year-over-year basis, FFOA per share declined 1.6%.Results reflected an increase in revenues from same-store communities, prior-year acquisitions and completed developments. UDR raised its full-year 2024 guidance.This residential real estate inves ...