Thomas W. Toomey Sells 40,000 Shares of UDR, Inc. (UDR) Stock

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.



The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 31st. Investors of record on Wednesday, October 10th were issued a dividend of $0.3323 per share. The ex-dividend date of this dividend was Tuesday, October 9th. This represents a $1.33 dividend on an annualized basis and a yield of 3.24%. This is a boost from UDR’s previous quarterly dividend of $0.32. UDR’s payout ratio is currently 68.98%.

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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Insider Buying and Selling by Quarter for UDR (NYSE:UDR)

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