Insider Selling: Matthew A. Cozad Sells 1,000 Shares of UDR Stock (UDR)
UDR (NYSE:UDR) VP Matthew A. Cozad sold 1,000 shares of UDR stock on the open market in a transaction that occurred on 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 sale, the vice president now directly owns 8,186 shares of the company’s stock, valued at approximately $241,651. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Shares of UDR (NYSE:UDR) traded down 0.25% during mid-day trading on Wednesday, hitting $29.735. 197,738 shares of the company’s stock traded hands. UDR has a one year low of $21.96 and a one year high of $29.90. The stock has a 50-day moving average of $28.93 and a 200-day moving average of $27.05. The company has a market cap of $7.484 billion and a P/E ratio of 90.33.
UDR (NYSE:UDR) last released its earnings data on Tuesday, July 29th. The company reported $0.39 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.35 earnings per share. UDR’s revenue was up 7.5% compared to the same quarter last year. Analysts expect that UDR will post $1.53 EPS for the current fiscal year.
A number of analysts have recently weighed in on UDR shares. 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 research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average 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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