UDR, Inc. (NYSE:UDR) CEO Thomas W. Toomey Sells 90,000 Shares

UDR, Inc. (NYSE:UDRGet Free Report) CEO Thomas W. Toomey sold 90,000 shares of the firm’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $39.52, for a total transaction of $3,556,800.00. Following the transaction, the chief executive officer now directly owns 849,716 shares of the company’s stock, valued at approximately $33,580,776.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

UDR Stock Performance

NYSE UDR opened at $39.56 on Thursday. The company has a debt-to-equity ratio of 1.49, a current ratio of 6.61 and a quick ratio of 6.61. The stock’s 50 day simple moving average is $38.22 and its 200-day simple moving average is $37.19. The company has a market cap of $13.03 billion, a PE ratio of 28.67, a price-to-earnings-growth ratio of 8.80 and a beta of 0.81. UDR, Inc. has a 1-year low of $30.95 and a 1-year high of $44.02.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in UDR. Van ECK Associates Corp raised its holdings in UDR by 0.9% in the 3rd quarter. Van ECK Associates Corp now owns 112,509 shares of the real estate investment trust’s stock valued at $4,013,000 after acquiring an additional 1,024 shares during the last quarter. Pathstone Family Office LLC lifted its position in UDR by 22.1% during the third quarter. Pathstone Family Office LLC now owns 18,775 shares of the real estate investment trust’s stock worth $670,000 after buying an additional 3,396 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its stake in UDR by 18.0% during the third quarter. State Board of Administration of Florida Retirement System now owns 427,726 shares of the real estate investment trust’s stock worth $15,257,000 after buying an additional 65,252 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in UDR by 12.9% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 60,948 shares of the real estate investment trust’s stock worth $2,174,000 after buying an additional 6,984 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ grew its holdings in UDR by 19.2% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 146,715 shares of the real estate investment trust’s stock valued at $5,234,000 after buying an additional 23,656 shares in the last quarter. Hedge funds and other institutional investors own 97.84% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on UDR. Morgan Stanley lifted their price objective on UDR from $37.00 to $40.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 14th. The Goldman Sachs Group started coverage on UDR in a research report on Thursday, February 22nd. They issued a “neutral” rating and a $39.00 price objective on the stock. Piper Sandler raised shares of UDR from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $34.00 to $40.00 in a report on Wednesday, April 10th. Wedbush raised their price target on shares of UDR from $40.00 to $45.00 and gave the company an “outperform” rating in a research report on Monday, May 6th. Finally, Mizuho upped their price objective on shares of UDR from $35.00 to $38.00 and gave the stock a “neutral” rating in a research report on Thursday, May 30th. Eleven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $40.65.

Check Out Our Latest Research Report on UDR

About UDR

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UDR, Inc (NYSE: UDR), an S&P 500 company, is a leading multifamily real estate investment trust with a demonstrated performance history of delivering superior and dependable returns by successfully managing, buying, selling, developing and redeveloping attractive real estate communities in targeted U.S.

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