UDR, Inc. (NYSE:UDR) hit a new 52-week high on Thursday . The company traded as high as $42.93 and last traded at $42.91, with a volume of 3273198 shares. The stock had previously closed at $41.78.
UDR has been the subject of a number of recent research reports. Royal Bank of Canada boosted their price objective on shares of UDR from $39.00 to $40.00 and gave the stock a “sector perform” rating in a report on Friday, August 10th. Robert W. Baird restated a “buy” rating and issued a $40.00 price objective on shares of UDR in a report on Thursday, August 16th. Stifel Nicolaus boosted their price objective on shares of UDR from $40.00 to $43.00 and gave the stock a “buy” rating in a report on Tuesday, September 25th. Barclays restated a “hold” rating and issued a $39.00 price objective on shares of UDR in a report on Sunday, October 14th. Finally, Societe Generale initiated coverage on shares of UDR in a report on Tuesday, October 16th. They issued a “sell” rating for the company. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $40.93.
The company has a current ratio of 5.97, a quick ratio of 5.97 and a debt-to-equity ratio of 1.49. The firm has a market cap of $11.52 billion, a P/E ratio of 22.69, a price-to-earnings-growth ratio of 3.82 and a beta of 0.37.
In related news, VP Warren L. Troupe sold 10,000 shares of the company’s stock in a transaction on Monday, November 12th. The shares were sold at an average price of $41.29, for a total transaction of $412,900.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Thomas W. Toomey sold 40,000 shares of the company’s stock in a transaction on Wednesday, November 14th. The shares were sold at an average price of $41.20, for a total transaction of $1,648,000.00. Following the sale, the chief executive officer now owns 1,746,826 shares of the company’s stock, valued at $71,969,231.20. The disclosure for this sale can be found here. Insiders have sold a total of 84,773 shares of company stock valued at $3,474,829 over the last quarter. 3.16% of the stock is currently owned by company insiders.
A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in UDR by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 43,516,477 shares of the real estate investment trust’s stock valued at $1,759,370,000 after purchasing an additional 135,997 shares during the period. Csenge Advisory Group purchased a new position in UDR during the 3rd quarter valued at $341,000. Nordea Investment Management AB purchased a new position in UDR during the 3rd quarter valued at $28,916,000. Cohen & Steers Inc. increased its position in UDR by 17.2% during the 3rd quarter. Cohen & Steers Inc. now owns 42,605,733 shares of the real estate investment trust’s stock valued at $1,722,550,000 after purchasing an additional 6,258,015 shares during the period. Finally, AQR Capital Management LLC increased its position in UDR by 3.3% during the 3rd quarter. AQR Capital Management LLC now owns 61,701 shares of the real estate investment trust’s stock valued at $2,495,000 after purchasing an additional 1,983 shares during the period. Institutional investors own 97.55% of the company’s stock.
About UDR (NYSE:UDR)
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 properties in targeted U.S.
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