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.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 31st. Investors of record on Wednesday, October 10th will be issued a $0.3323 dividend. This is an increase from UDR’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Tuesday, October 9th. This represents a $1.33 dividend on an annualized basis and a dividend yield of 3.49%. UDR’s dividend payout ratio (DPR) is presently 68.98%.

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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Insider Buying and Selling by Quarter for UDR (NYSE:UDR)

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