Insider Selling: Matthew A. Cozad Unloads 1,000 Shares of UDR Stock (UDR)
UDR (NYSE:UDR) VP Matthew A. Cozad sold 1,000 shares of the stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $29.52, for a total transaction of $29,520.00. Following the completion of the transaction, the vice president now directly owns 8,186 shares of the company’s stock, valued at approximately $241,651. 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 1.19% during mid-day trading on Monday, hitting $29.82. The stock had a trading volume of 931,000 shares. 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 $7.506 billion and a P/E ratio of 89.30.
UDR (NYSE:UDR) last released its earnings data on Tuesday, July 29th. The company reported $0.39 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.35 earnings per share. The company’s quarterly revenue 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 KeyCorp reiterated a “buy” rating on shares of UDR in a research note on Monday. They now have a $33.00 price target on the stock, up previously from $32.00. Separately, 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. Finally, 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. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $28.86.
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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