UDR Inc. (UDR) Trading Down 1.6%
Shares of UDR Inc. (NYSE:UDR) dropped 1.6% during mid-day trading on Thursday . The company traded as low as $36.56 and last traded at $36.59, with a volume of 651,167 shares traded. The stock had previously closed at $37.18.
UDR has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of UDR from a “sell” rating to a “hold” rating in a report on Wednesday, June 22nd. Cantor Fitzgerald restated a “buy” rating and set a $39.50 price objective on shares of UDR in a report on Monday, July 18th. Mizuho upgraded shares of UDR from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $37.00 to $41.00 in a report on Monday, August 1st. Finally, Citigroup Inc. raised their price objective on shares of UDR from $37.00 to $38.00 and gave the stock a “neutral” rating in a report on Tuesday, August 2nd. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $38.29.
The stock’s 50 day moving average is $36.82 and its 200 day moving average is $36.03. The company has a market capitalization of $9.83 billion and a price-to-earnings ratio of 47.25.
UDR (NYSE:UDR) last posted its earnings results on Tuesday, July 26th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.44. During the same quarter in the prior year, the company posted $0.41 EPS. The company had revenue of $238.79 million for the quarter, compared to the consensus estimate of $235.77 million. UDR’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 year.
The firm also recently declared a quarterly dividend, which was paid on Monday, August 1st. Stockholders of record on Monday, July 11th were given a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a dividend yield of 3.21%. The ex-dividend date of this dividend was Thursday, July 7th.
In other UDR news, Director Clinton D. Mcdonnough purchased 2,000 shares of UDR stock in a transaction dated Thursday, May 19th. The stock was purchased at an average price of $35.09 per share, with a total value of $70,180.00. Following the transaction, the director now directly owns 2,000 shares of the company’s stock, valued at $70,180. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Harry G. Alcock sold 7,500 shares of the company’s stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $36.97, for a total transaction of $277,275.00. Following the sale, the senior vice president now directly owns 120,145 shares of the company’s stock, valued at approximately $4,441,760.65. The disclosure for this sale can be found here.
Several large investors have added to or reduced their stakes in UDR. Suntrust Banks Inc. raised its stake 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 valued at $1,716,000 after buying an additional 4,382 shares during the last quarter. KBC Group NV raised its stake 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 valued at $6,999,000 after buying an additional 17,273 shares during the last quarter. Dimensional Fund Advisors LP raised its stake 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 valued at $122,651,000 after buying an additional 98,049 shares during the last quarter. Finally, BlackRock Advisors LLC raised its stake 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 valued at $37,337,000 after buying an additional 136,095 shares during the last quarter.
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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