Insider Selling: UDR, Inc. (NYSE:UDR) CEO Sells 25,000 Shares of Stock

UDR, Inc. (NYSE:UDR) CEO Thomas W. Toomey sold 25,000 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $42.75, for a total transaction of $1,068,750.00. Following the completion of the sale, the chief executive officer now directly owns 824,716 shares of the company’s stock, valued at $35,256,609. The trade was a 2.94 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

UDR Trading Down 0.4 %

UDR stock opened at $42.84 on Friday. The company has a quick ratio of 5.91, a current ratio of 5.61 and a debt-to-equity ratio of 1.71. The firm has a 50-day moving average price of $42.27 and a two-hundred day moving average price of $43.57. The firm has a market capitalization of $14.19 billion, a price-to-earnings ratio of 171.36, a PEG ratio of 8.67 and a beta of 0.88. UDR, Inc. has a 52-week low of $34.76 and a 52-week high of $47.55.

UDR (NYSE:UDR) last issued its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.53. UDR had a net margin of 5.36% and a return on equity of 2.65%. Sell-side analysts expect that UDR, Inc. will post 2.51 earnings per share for the current year.

UDR Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 9th were paid a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.97%. The ex-dividend date was Friday, January 10th. UDR’s dividend payout ratio is currently 680.00%.

Institutional Trading of UDR

A number of institutional investors have recently made changes to their positions in UDR. Activest Wealth Management acquired a new stake in shares of UDR in the 3rd quarter worth approximately $27,000. Brooklyn Investment Group acquired a new stake in shares of UDR in the 3rd quarter worth approximately $33,000. Continuum Advisory LLC lifted its stake in shares of UDR by 5,335.3% in the 3rd quarter. Continuum Advisory LLC now owns 924 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 907 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of UDR by 68.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,206 shares of the real estate investment trust’s stock worth $52,000 after acquiring an additional 491 shares during the period. Finally, Salem Investment Counselors Inc. lifted its stake in shares of UDR by 62.7% in the 4th quarter. Salem Investment Counselors Inc. now owns 1,349 shares of the real estate investment trust’s stock worth $59,000 after acquiring an additional 520 shares during the period. 97.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on UDR shares. Mizuho dropped their target price on shares of UDR from $47.00 to $45.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. StockNews.com raised shares of UDR from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Barclays lowered their price objective on shares of UDR from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Scotiabank boosted their price objective on shares of UDR from $48.00 to $49.00 and gave the company a “sector perform” rating in a research report on Friday, February 14th. Finally, Jefferies Financial Group downgraded shares of UDR from a “buy” rating to a “hold” rating and lowered their price objective for the company from $50.00 to $45.00 in a research report on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $46.18.

UDR Company Profile

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.