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 value of $550,500.00. Following the sale, the vice president now directly owns 562,903 shares in the company, valued at $20,658,540.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
UDR Inc. (NYSE:UDR) opened at 35.99 on Friday. The stock has a market cap of $9.61 billion, a P/E ratio of 46.20 and a beta of 0.69. UDR Inc. has a 12 month low of $32.90 and a 12 month high of $38.61. The company’s 50-day moving average price is $35.98 and its 200-day moving average price is $36.27.
UDR (NYSE:UDR) last issued 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 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 earnings per share. UDR’s revenue was up 10.6% on a year-over-year basis. Equities analysts forecast that UDR Inc. will post $1.78 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Tuesday, October 11th will be issued a $0.295 dividend. The ex-dividend date is Thursday, October 6th. This represents a $1.18 dividend on an annualized basis and a yield of 3.28%. UDR’s dividend payout ratio is currently 155.26%.
A number of institutional investors have recently modified their holdings of UDR. Legal & General Group Plc boosted its position in shares of UDR by 104.9% in the first quarter. Legal & General Group Plc now owns 1,649,613 shares of the real estate investment trust’s stock worth $63,547,000 after buying an additional 844,689 shares in the last quarter. DNB Asset Management AS boosted its position in shares of UDR by 4.3% in the second quarter. DNB Asset Management AS now owns 19,444 shares of the real estate investment trust’s stock worth $718,000 after buying an additional 800 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of UDR by 34.2% in the first quarter. Geode Capital Management LLC now owns 2,704,883 shares of the real estate investment trust’s stock worth $104,049,000 after buying an additional 688,748 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in shares of UDR by 29.1% in the second quarter. Daiwa Securities Group Inc. now owns 16,911,460 shares of the real estate investment trust’s stock worth $624,371,000 after buying an additional 3,810,916 shares in the last quarter. Finally, Utah Retirement Systems boosted its position in shares of UDR by 1.2% in the second quarter. Utah Retirement Systems now owns 57,643 shares of the real estate investment trust’s stock worth $2,127,000 after buying an additional 700 shares in the last quarter. 98.22% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts recently commented on the company. BTIG Research assumed coverage on UDR in a report on Thursday, August 25th. They set a “buy” rating and a $42.00 target price on the stock. Zacks Investment Research raised UDR from a “sell” rating to a “hold” rating in a report on Friday, August 5th. Citigroup Inc. raised their target price on UDR from $37.00 to $38.00 and gave the stock a “neutral” rating in a report 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 report on Monday, August 1st. Finally, Cantor Fitzgerald reissued a “buy” rating and issued a $39.50 price objective on shares of UDR in a report on Monday, July 18th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the stock. UDR has an average rating of “Hold” and an average target price of $38.71.
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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