Insider Selling: UDR VP Sells 100,000 Shares of Stock (UDR)
UDR (NYSE:UDR) VP Warren L. Troupe unloaded 100,000 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $29.72, for a total transaction of $2,972,000.00. Following the transaction, the vice president now directly owns 571,426 shares of the company’s stock, valued at approximately $16,982,781. The transaction 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 0.27% on Tuesday, hitting $29.77. 664,628 shares of the company’s stock traded hands. UDR has a 52-week low of $21.96 and a 52-week high of $30.25. The stock has a 50-day moving average of $29. and a 200-day moving average of $27.23. The company has a market cap of $7.493 billion and a price-to-earnings ratio of 89.97.
UDR (NYSE:UDR) last announced its earnings results 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. On average, analysts predict that UDR will post $1.53 earnings per share for the current fiscal year.
UDR has been the subject of a number of recent research reports. Analysts at Mizuho initiated coverage on shares of UDR in a research note on Monday. They set a “neutral” rating and a $31.00 price target on the stock. Separately, analysts at KeyCorp reiterated a “buy” rating on shares of UDR in a research note on Monday, August 18th. They now have a $33.00 price target on the stock, up previously from $32.00. Finally, 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. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. UDR has a consensus rating of “Hold” and a consensus target price of $29.13.
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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