UDR Inc. (UDR) VP Warren L. Troupe Sells 15,000 Shares of Stock
UDR Inc. (NYSE:UDR) VP Warren L. Troupe sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, September 28th. The stock was sold at an average price of $36.70, for a total transaction of $550,500.00. Following the completion of the transaction, the vice president now directly owns 562,903 shares in the company, valued at approximately $20,658,540.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
UDR Inc. (NYSE:UDR) opened at 35.99 on Friday. UDR Inc. has a 52-week low of $32.90 and a 52-week high of $38.61. The stock has a market capitalization of $9.61 billion, a PE ratio of 46.20 and a beta of 0.69. The firm’s 50-day moving average is $35.98 and its 200 day moving average is $36.27.
UDR (NYSE:UDR) last released its earnings results on Tuesday, July 26th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.44. UDR had a net margin of 21.86% and a return on equity of 7.15%. The company had revenue of $238.79 million for the quarter, compared to the consensus estimate of $235.77 million. During the same quarter in the previous year, the company earned $0.41 EPS. UDR’s quarterly revenue was up 10.6% compared to the same quarter last year. On average, equities analysts forecast that UDR Inc. will post $1.78 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Tuesday, October 11th will be given a dividend of $0.295 per share. The ex-dividend date of this dividend is Thursday, October 6th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.28%. UDR’s payout ratio is presently 155.26%.
A number of equities research analysts have recently weighed in on UDR shares. Zacks Investment Research cut UDR from a “hold” rating to a “sell” rating in a report on Monday, June 13th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $39.50 price target on shares of UDR in a report on Monday, July 18th. Mizuho raised UDR from a “neutral” rating to a “buy” rating and lifted their price target for the company from $37.00 to $41.00 in a report on Monday, August 1st. Citigroup Inc. lifted their price target on UDR from $37.00 to $38.00 and gave the company a “neutral” rating in a report on Tuesday, August 2nd. Finally, BTIG Research started coverage on UDR in a report on Thursday, August 25th. They set a “buy” rating and a $42.00 price target on the stock. Three analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the stock. UDR currently has an average rating of “Hold” and an average target price of $38.71.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in UDR. Kentucky Retirement Systems Insurance Trust Fund bought a new position in UDR during the second quarter worth about $398,000. Kentucky Retirement Systems acquired a new stake in shares of UDR during the second quarter worth approximately $839,000. Mason Street Advisors LLC acquired a new stake in shares of UDR during the second quarter worth approximately $1,328,000. Royal Bank of Canada raised its stake in shares of UDR by 5.9% in the second quarter. Royal Bank of Canada now owns 63,892 shares of the real estate investment trust’s stock worth $2,359,000 after buying an additional 3,584 shares during the period. Finally, Cohen & Steers Inc. raised its stake in shares of UDR by 6.7% in the second quarter. Cohen & Steers Inc. now owns 43,332,308 shares of the real estate investment trust’s stock worth $1,599,829,000 after buying an additional 2,719,419 shares during the period. Institutional investors own 98.22% of the company’s stock.
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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