UDR Inc. (UDR) Trading Down 1.6%
UDR Inc. (NYSE:UDR) traded down 1.6% during trading on Thursday . The stock traded as low as $36.56 and last traded at $36.59, with a volume of 651,167 shares. The stock had previously closed at $37.18.
Several equities research analysts recently commented on the company. Zacks Investment Research cut UDR from a “hold” rating to a “sell” rating in a research note on Monday, May 2nd. Citigroup Inc. raised their target price on UDR from $37.00 to $38.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 2nd. Mizuho raised UDR from a “neutral” rating to a “buy” rating and raised their target price for the stock from $37.00 to $41.00 in a research note on Monday, August 1st. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and set a $39.50 target price on shares of UDR in a research note on Monday, July 18th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $38.29.
The firm has a market cap of $9.83 billion and a price-to-earnings ratio of 47.25. The company has a 50 day moving average price of $36.77 and a 200 day moving average price of $36.02.
UDR (NYSE:UDR) last posted its earnings results on Tuesday, July 26th. The real estate investment trust reported $0.44 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.44. The firm had revenue of $238.79 million for the quarter, compared to analysts’ expectations of $235.77 million. During the same quarter last year, the company posted $0.41 EPS. The firm’s revenue was up 10.6% on a year-over-year basis. Equities research analysts anticipate that UDR Inc. will post $1.78 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, August 1st. Shareholders of record on Monday, July 11th were issued a dividend of $0.295 per share. The ex-dividend date of this dividend was Thursday, July 7th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.21%.
In other news, Director Clinton D. Mcdonnough bought 2,000 shares of UDR stock in a transaction on Thursday, May 19th. The shares were purchased at an average price of $35.09 per share, for a total transaction of $70,180.00. Following the acquisition, the director now owns 2,000 shares of the company’s stock, valued at $70,180. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Harry G. Alcock sold 7,500 shares of the company’s stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $36.97, for a total value of $277,275.00. Following the transaction, the senior vice president now owns 120,145 shares in the company, valued at approximately $4,441,760.65. The disclosure for this sale can be found here.
Several hedge funds and institutional investors have recently bought and sold shares of the company. Suntrust Banks Inc. increased its position in UDR by 10.6% in the fourth quarter. Suntrust Banks Inc. now owns 45,694 shares of the real estate investment trust’s stock worth $1,716,000 after buying an additional 4,382 shares during the period. KBC Group NV increased its position in UDR by 10.2% in the fourth quarter. KBC Group NV now owns 186,303 shares of the real estate investment trust’s stock worth $6,999,000 after buying an additional 17,273 shares during the period. BlackRock Advisors LLC increased its position in UDR by 15.9% in the fourth quarter. BlackRock Advisors LLC now owns 993,817 shares of the real estate investment trust’s stock worth $37,337,000 after buying an additional 136,095 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in UDR by 3.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,264,584 shares of the real estate investment trust’s stock worth $122,651,000 after buying an additional 98,049 shares during the period.
UDR, Inc is a real estate investment trust. The Company owns, operates, acquires, renovates, develops, redevelops and manages multifamily apartment communities generally located in various markets across the United States. The Company operates through two segments: Same-Store Communities and Non-Mature Communities/Other.
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