Insider Selling: Thomas W. Toomey Sells 10,000 Shares of UDR Stock (UDR)
UDR (NYSE:UDR) CEO Thomas W. Toomey sold 10,000 shares of UDR stock on the open market in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $27.50, for a total transaction of $275,000.00. Following the sale, the chief executive officer now directly owns 1,193,940 shares in the company, valued at approximately $32,833,350. The sale was disclosed in a legal filing with the SEC, which is available at this link.
UDR has been the subject of a number of recent research reports. Analysts at TheStreet upgraded shares of UDR from a “hold” rating to a “buy” rating in a research note on Friday, May 9th. Separately, analysts at Citigroup Inc. reiterated a “hold” rating on shares of UDR in a research note on Friday, May 2nd. They now have a $27.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of UDR in a research note on Friday, April 11th. They now have a $27.00 price target on the stock. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $25.67.
UDR (NYSE:UDR) traded up 0.15% on Thursday, hitting $27.51. 1,233,267 shares of the company’s stock traded hands. UDR has a 1-year low of $21.96 and a 1-year high of $27.88. The stock’s 50-day moving average is $26.53 and its 200-day moving average is $25.08. The company has a market cap of $6.917 billion and a P/E ratio of 114.94.
UDR (NYSE:UDR) last released its earnings data on Tuesday, April 29th. The company reported $0.36 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.36. The company had revenue of $198.04 million for the quarter, compared to the consensus estimate of $191.82 million. During the same quarter in the prior year, the company posted $0.34 earnings per share. The company’s quarterly revenue was up 7.1% on a year-over-year basis. On average, analysts predict that UDR will post $1.51 earnings per share for the current fiscal year.
UDR, Inc (NYSE:UDR) is a self administered real estate investment trust (REIT), which owns, operates, acquires, renovates, develops, redevelops, and manages multifamily apartment communities located throughout the United States.
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