UDR, Inc. (NYSE:UDR) CEO Thomas W. Toomey sold 40,000 shares of the business’s stock in a transaction dated Wednesday, November 14th. The stock was sold at an average price of $41.20, for a total transaction of $1,648,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,746,826 shares of the company’s stock, valued at $71,969,231.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of NYSE UDR opened at $41.07 on Friday. The company has a market cap of $11.00 billion, a P/E ratio of 21.96, a PEG ratio of 3.49 and a beta of 0.32. The company has a quick ratio of 5.97, a current ratio of 5.97 and a debt-to-equity ratio of 1.49. UDR, Inc. has a 52-week low of $32.88 and a 52-week high of $41.45.
UDR (NYSE:UDR) last issued its quarterly earnings data on Monday, October 29th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.07. The firm had revenue of $266.10 million during the quarter, compared to analysts’ expectations of $258.90 million. UDR had a net margin of 18.43% and a return on equity of 7.09%. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.06 earnings per share. As a group, equities research analysts predict that UDR, Inc. will post 1.95 earnings per share for the current year.
UDR has been the subject of several analyst reports. Evercore ISI cut shares of UDR from an “in-line” rating to an “underperform” rating in a research report on Sunday, October 21st. Citigroup lifted their price target on shares of UDR from $39.00 to $40.00 and gave the stock a “neutral” rating in a research report on Thursday, August 2nd. Zacks Investment Research upgraded shares of UDR from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a research report on Wednesday, July 25th. ValuEngine upgraded shares of UDR from a “hold” rating to a “buy” rating in a research report on Tuesday, November 13th. Finally, Stifel Nicolaus lifted their price target on shares of UDR from $40.00 to $43.00 and gave the stock a “buy” rating in a research report on Tuesday, September 25th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $39.57.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Piedmont Investment Advisors LLC acquired a new position in UDR during the second quarter valued at approximately $118,000. Point72 Hong Kong Ltd grew its holdings in UDR by 1,406.2% during the second quarter. Point72 Hong Kong Ltd now owns 3,886 shares of the real estate investment trust’s stock valued at $146,000 after purchasing an additional 3,628 shares during the period. C M Bidwell & Associates Ltd. acquired a new position in UDR during the third quarter valued at approximately $186,000. Lourd Capital LLC acquired a new position in UDR during the third quarter valued at approximately $217,000. Finally, CAPROCK Group Inc. acquired a new position in UDR during the third quarter valued at approximately $219,000. Hedge funds and other institutional investors own 96.00% of the company’s stock.
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UDR Company Profile
UDR, Inc (NYSE: UDR), an S&P 500 company, is a leading multifamily real estate investment trust with a demonstrated performance history of delivering superior and dependable returns by successfully managing, buying, selling, developing and redeveloping attractive real estate properties in targeted U.S.
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