Warren L. Troupe Sells 30,000 Shares of UDR, Inc. (UDR) Stock

UDR, Inc. (NYSE:UDR) VP Warren L. Troupe sold 30,000 shares of UDR stock in a transaction on Friday, March 16th. The shares were sold at an average price of $35.91, for a total value of $1,077,300.00. Following the completion of the sale, the vice president now owns 528,378 shares in the company, valued at approximately $18,974,053.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of UDR stock opened at $35.29 on Thursday. The company has a quick ratio of 4.93, a current ratio of 4.93 and a debt-to-equity ratio of 1.32. The stock has a market capitalization of $9,559.90, a price-to-earnings ratio of 82.07, a P/E/G ratio of 3.31 and a beta of 0.41. UDR, Inc. has a 1-year low of $32.88 and a 1-year high of $40.71.

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UDR (NYSE:UDR) last posted its quarterly earnings data on Tuesday, February 6th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.48. The firm had revenue of $250.12 million for the quarter, compared to the consensus estimate of $250.37 million. UDR had a return on equity of 4.53% and a net margin of 12.21%. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.46 EPS. research analysts forecast that UDR, Inc. will post 1.93 earnings per share for the current fiscal year.

Several hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC acquired a new position in UDR during the 4th quarter worth $223,000. Bbva Compass Bancshares Inc. acquired a new position in UDR during the 4th quarter worth $227,000. Fox Run Management L.L.C. grew its stake in UDR by 51.8% during the 4th quarter. Fox Run Management L.L.C. now owns 8,500 shares of the real estate investment trust’s stock worth $327,000 after purchasing an additional 2,900 shares in the last quarter. Ackerman Capital Advisors LLC acquired a new position in UDR during the 4th quarter worth $382,000. Finally, WESCAP Management Group Inc. grew its stake in UDR by 55.1% during the 3rd quarter. WESCAP Management Group Inc. now owns 10,949 shares of the real estate investment trust’s stock worth $416,000 after purchasing an additional 3,890 shares in the last quarter. Hedge funds and other institutional investors own 97.65% of the company’s stock.

A number of equities research analysts have commented on UDR shares. Robert W. Baird restated a “buy” rating and issued a $40.00 target price on shares of UDR in a research report on Tuesday, January 9th. Mizuho set a $38.00 target price on UDR and gave the company a “buy” rating in a research report on Friday, February 9th. Bank of America upgraded UDR from a “neutral” rating to a “buy” rating and set a $40.00 target price on the stock in a research report on Friday, March 9th. TheStreet downgraded UDR from a “b-” rating to a “c” rating in a research report on Tuesday, February 6th. Finally, Zacks Investment Research upgraded UDR from a “sell” rating to a “hold” rating in a research report on Wednesday, January 31st. Thirteen investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $38.71.

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UDR Company Profile

UDR, Inc is a self-administered real estate investment trust. The Company owns, operates, acquires, renovates, develops, redevelops, disposes of and manages multifamily apartment communities generally located in various markets across the United States. The Company’s segments are Same-Store Communities and Non-Mature Communities/Other.

Insider Buying and Selling by Quarter for UDR (NYSE:UDR)

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