UDR CEO Thomas W. Toomey Unloads 7,000 Shares (UDR)
UDR (NYSE:UDR) CEO Thomas W. Toomey sold 7,000 shares of UDR stock on the open market in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $29.70, for a total transaction of $207,900.00. Following the transaction, the chief executive officer now directly owns 1,144,940 shares of the company’s stock, valued at approximately $34,004,718. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of UDR (NYSE:UDR) traded down 0.03% on Thursday, hitting $29.76. The stock had a trading volume of 286,978 shares. UDR has a one year low of $21.96 and a one year high of $30.25. The stock has a 50-day moving average of $29.12 and a 200-day moving average of $27.27. The company has a market cap of $7.491 billion and a P/E ratio of 90.21.
UDR (NYSE:UDR) last posted its quarterly 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.
Several analysts have recently commented on the stock. 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 research analysts have rated the stock with a hold rating and four have given a buy rating to the company. UDR currently has a consensus rating of “Hold” and an average 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.