UDR, Inc. (NYSE:UDR) Director Lynne B. Sagalyn Sells 4,773 Shares
UDR, Inc. (NYSE:UDR) Director Lynne B. Sagalyn sold 4,773 shares of the firm’s stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $40.40, for a total transaction of $192,829.20. Following the sale, the director now owns 87,176 shares of the company’s stock, valued at $3,521,910.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
Shares of UDR stock traded down $0.20 during trading hours on Friday, reaching $38.09. The company had a trading volume of 2,403,702 shares, compared to its average volume of 1,495,004. The company has a quick ratio of 6.03, a current ratio of 6.03 and a debt-to-equity ratio of 1.38. The firm has a market capitalization of $10.82 billion, a PE ratio of 20.37, a P/E/G ratio of 3.41 and a beta of 0.33. UDR, Inc. has a one year low of $32.88 and a one year high of $41.04.
UDR (NYSE:UDR) last posted its quarterly earnings data on Monday, July 30th. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. The company had revenue of $259.74 million for the quarter, compared to the consensus estimate of $253.59 million. UDR had a net margin of 18.47% and a return on equity of 6.87%. The firm’s revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.47 earnings per share. Analysts anticipate that UDR, Inc. will post 1.94 earnings per share for the current year.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Van ECK Associates Corp purchased a new position in UDR during the second quarter valued at approximately $2,094,000. Vident Investment Advisory LLC lifted its holdings in UDR by 210.8% during the second quarter. Vident Investment Advisory LLC now owns 29,367 shares of the real estate investment trust’s stock valued at $1,102,000 after purchasing an additional 19,918 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in UDR by 3.0% during the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 86,849 shares of the real estate investment trust’s stock valued at $3,260,000 after purchasing an additional 2,566 shares in the last quarter. Redpoint Investment Management Pty Ltd lifted its holdings in UDR by 66.8% during the second quarter. Redpoint Investment Management Pty Ltd now owns 11,598 shares of the real estate investment trust’s stock valued at $435,000 after purchasing an additional 4,646 shares in the last quarter. Finally, Ferguson Wellman Capital Management Inc. purchased a new position in UDR during the second quarter valued at approximately $374,000. 95.27% of the stock is currently owned by institutional investors.
A number of analysts have weighed in on UDR shares. Stifel Nicolaus raised their price objective on shares of UDR from $40.00 to $43.00 and gave the company a “buy” rating in a research note on Tuesday, September 25th. Robert W. Baird restated a “buy” rating and set a $40.00 price objective on shares of UDR in a research note 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 target for the company in a research note on Wednesday, July 25th. ValuEngine upgraded shares of UDR from a “sell” rating to a “hold” rating in a research note on Tuesday, June 26th. Finally, Citigroup lifted their price target on shares of UDR from $39.00 to $40.00 and gave the stock a “neutral” rating in a research note on Thursday, August 2nd. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $39.54.
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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