UDR VP Warren L. Troupe Sells 63,885 Shares (UDR)
UDR (NYSE:UDR) VP Warren L. Troupe sold 63,885 shares of the stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $28.50, for a total transaction of $1,820,722.50. Following the transaction, the vice president now directly owns 571,426 shares of the company’s stock, valued at approximately $16,285,641. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
UDR has been the subject of a number of recent research reports. Analysts at JPMorgan Chase & Co. raised their price target on shares of UDR from $28.00 to $29.00 in a research note on Friday, June 20th. They now have an “overweight” rating on the stock. Separately, analysts at TheStreet upgraded shares of UDR from a “hold” rating to a “buy” rating in a research note on Friday, May 9th. Finally, 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. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. UDR presently has an average rating of “Buy” and a consensus target price of $26.50.
Shares of UDR (NYSE:UDR) traded up 0.21% on Friday, hitting $28.50. 662,066 shares of the company’s stock traded hands. UDR has a 52-week low of $21.96 and a 52-week high of $28.87. The stock has a 50-day moving average of $27.99 and a 200-day moving average of $26.04. The company has a market cap of $7.166 billion and a price-to-earnings ratio of 119.00.
UDR (NYSE:UDR) last issued its quarterly 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. Analysts expect that UDR will post $1.51 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, July 31st. Shareholders of record on Thursday, July 10th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 3.65%. The ex-dividend date is Tuesday, July 8th.
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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