UDR Inc. (NYSE:UDR) VP Warren L. Troupe sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 28th. The stock was sold at an average price of $36.70, for a total value of $550,500.00. Following the completion of the sale, the vice president now owns 562,903 shares in the company, valued at approximately $20,658,540.10. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Shares of UDR Inc. (NYSE:UDR) opened at 35.99 on Friday. The company has a 50-day moving average price of $35.98 and a 200 day moving average price of $36.27. The firm has a market capitalization of $9.61 billion, a P/E ratio of 46.20 and a beta of 0.69. UDR Inc. has a one year low of $32.90 and a one year high of $38.61.
UDR (NYSE:UDR) last announced its earnings results on Tuesday, July 26th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, hitting 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 analyst estimates of $235.77 million. During the same period in the prior year, the business earned $0.41 earnings per share. UDR’s quarterly revenue was up 10.6% on a year-over-year basis. Analysts expect that UDR Inc. will post $1.78 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Tuesday, October 11th will be issued a $0.295 dividend. The ex-dividend date of this dividend is Thursday, October 6th. This represents a $1.18 annualized dividend and a yield of 3.28%. UDR’s dividend payout ratio is currently 155.26%.
A number of institutional investors have recently made changes to their positions in UDR. Mn Services Vermogensbeheer B.V. raised its position in shares of UDR by 2.6% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 6,659 shares of the real estate investment trust’s stock valued at $221,000 after buying an additional 166 shares in the last quarter. Hartford Investment Management Co. raised its position in shares of UDR by 0.3% in the second quarter. Hartford Investment Management Co. now owns 65,551 shares of the real estate investment trust’s stock valued at $2,420,000 after buying an additional 174 shares in the last quarter. Stifel Financial Corp raised its position in shares of UDR by 0.8% in the second quarter. Stifel Financial Corp now owns 22,312 shares of the real estate investment trust’s stock valued at $823,000 after buying an additional 176 shares in the last quarter. Norinchukin Bank The raised its position in shares of UDR by 4.7% in the second quarter. Norinchukin Bank The now owns 5,859 shares of the real estate investment trust’s stock valued at $216,000 after buying an additional 262 shares in the last quarter. Finally, World Asset Management Inc raised its position in shares of UDR by 0.9% in the second quarter. World Asset Management Inc now owns 31,892 shares of the real estate investment trust’s stock valued at $1,177,000 after buying an additional 280 shares in the last quarter. Institutional investors and hedge funds own 98.22% of the company’s stock.
UDR has been the topic of a number of research reports. 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 issued a $39.50 target price on shares of UDR in a research note on Monday, July 18th. Mizuho raised UDR from a “neutral” rating to a “buy” rating and upped their target price for the company from $37.00 to $41.00 in a research note on Monday, August 1st. Citigroup Inc. upped their target price on UDR from $37.00 to $38.00 and gave the company a “neutral” rating in a research note on Tuesday, August 2nd. Finally, BTIG Research initiated coverage on UDR in a research note on Thursday, August 25th. They issued a “buy” rating and a $42.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the stock. UDR presently has a consensus rating of “Hold” and an average price target of $38.71.
UDR Company Profile
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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