UDR VP Warren L. Troupe Sells 11,000 Shares (UDR)
UDR (NYSE:UDR) VP Warren L. Troupe unloaded 11,000 shares of the stock on the open market in a transaction dated Friday, May 30th. The stock was sold at an average price of $27.50, for a total transaction of $302,500.00. Following the transaction, the vice president now directly owns 571,426 shares of the company’s stock, valued at approximately $15,714,215. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of UDR (NYSE:UDR) traded up 0.29% on Monday, hitting $27.60. The stock had a trading volume of 1,484,615 shares. UDR has a 1-year low of $21.96 and a 1-year high of $27.88. The stock has a 50-day moving average of $26.56 and a 200-day moving average of $25.09. The company has a market cap of $6.939 billion and a price-to-earnings ratio of 115.15.
UDR (NYSE:UDR) last announced its earnings results 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 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 research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. UDR presently has a consensus rating of “Buy” and an average price target of $25.67.
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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