Insider Selling: H Andrew Cantor Unloads 5,038 Shares of UDR Stock (UDR)
UDR (NYSE:UDR) VP H Andrew Cantor sold 5,038 shares of UDR stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $29.70, for a total transaction of $149,628.60. Following the sale, the vice president now directly owns 25,467 shares in the company, valued at approximately $756,370. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of UDR (NYSE:UDR) opened at 29.47 on Monday. UDR has a 52-week low of $21.96 and a 52-week high of $29.88. The stock has a 50-day moving average of $28.87 and a 200-day moving average of $26.95. The company has a market cap of $7.418 billion and a price-to-earnings ratio of 89.42.
UDR (NYSE:UDR) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.01. The company had revenue of $203.70 million for the quarter, compared to the consensus estimate of $198.40 million. During the same quarter in the previous year, the company posted $0.35 earnings per share. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. Analysts expect that UDR will post $1.53 EPS for the current fiscal year.
UDR has been the subject of a number of recent research reports. Analysts at RBC Capital raised their price target on shares of UDR from $28.00 to $31.00 in a research note on Tuesday, August 5th. They now have a “sector perform” rating on the stock. Separately, analysts at Barclays raised their price target on shares of UDR from $27.00 to $29.00 in a research note on Monday, July 21st. They now have an “equal weight” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of UDR in a research note on Friday, July 18th. They now have a $30.00 price target on the stock. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $28.17.
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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