UDR, Inc. (NYSE:UDR) VP Warren L. Troupe sold 40,000 shares of the business’s stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $39.10, for a total transaction of $1,564,000.00. Following the completion of the transaction, the vice president now owns 549,634 shares in the company, valued at $21,490,689.40. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Shares of UDR stock opened at $39.72 on Friday. The company has a current ratio of 6.03, a quick ratio of 6.03 and a debt-to-equity ratio of 1.38. UDR, Inc. has a one year low of $32.88 and a one year high of $40.33. The company has a market capitalization of $10.51 billion, a PE ratio of 21.24, a P/E/G ratio of 3.32 and a beta of 0.42.

UDR (NYSE:UDR) last issued its quarterly earnings data on Monday, July 30th. The real estate investment trust reported $0.49 EPS for the quarter, topping the consensus estimate of $0.48 by $0.01. UDR had a net margin of 18.47% and a return on equity of 6.87%. The firm had revenue of $259.74 million for the quarter, compared to analyst estimates of $253.59 million. During the same period in the prior year, the business posted $0.47 EPS. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. equities analysts expect that UDR, Inc. will post 1.94 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 31st. Shareholders of record on Tuesday, July 10th were issued a dividend of $0.3225 per share. The ex-dividend date of this dividend was Monday, July 9th. This represents a $1.29 dividend on an annualized basis and a yield of 3.25%. UDR’s dividend payout ratio (DPR) is presently 68.98%.

UDR has been the topic of several recent analyst reports. Robert W. Baird restated a “buy” rating and issued a $40.00 price objective on shares of UDR in a report on Thursday, August 16th. Zacks Investment Research upgraded shares of UDR from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a report on Wednesday, July 25th. Stifel Nicolaus upgraded shares of UDR from a “hold” rating to a “buy” rating and upped their price objective for the stock from $38.00 to $40.00 in a report on Thursday, May 31st. Bank of America upped their price objective on shares of UDR from $41.00 to $42.00 and gave the stock a “buy” rating in a report on Friday, June 8th. Finally, ValuEngine upgraded shares of UDR from a “sell” rating to a “hold” rating in a report on Thursday, May 31st. Ten equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. UDR has an average rating of “Hold” and a consensus price target of $39.31.

Institutional investors have recently added to or reduced their stakes in the business. Piedmont Investment Advisors LLC acquired a new stake in UDR during the 2nd quarter worth approximately $118,000. American National Bank acquired a new stake in UDR during the 2nd quarter worth approximately $130,000. Point72 Hong Kong Ltd lifted its holdings in UDR by 1,406.2% during the 2nd quarter. Point72 Hong Kong Ltd now owns 3,886 shares of the real estate investment trust’s stock worth $146,000 after buying an additional 3,628 shares in the last quarter. Quantum Capital Management acquired a new stake in UDR during the 1st quarter worth approximately $201,000. Finally, IBM Retirement Fund acquired a new stake in UDR during the 1st quarter worth approximately $208,000. Institutional investors own 97.05% of the company’s stock.

UDR Company Profile

UDR, Inc (NYSE: UDR), an S&P 500 company, is a leading multifamily real estate investment trust with a demonstrated performance history of delivering superior and dependable returns by successfully managing, buying, selling, developing and redeveloping attractive real estate properties in targeted U.S.

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