Warren L. Troupe Sells 40,000 Shares of UDR, Inc. (UDR) Stock
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.
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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