UDR (UDR) Sets New 1-Year High at $42.93

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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.

UDR (NYSE:UDR) last posted its quarterly earnings results on Monday, October 29th. The real estate investment trust reported $0.07 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.07. UDR had a net margin of 18.43% and a return on equity of 7.09%. The company had revenue of $266.10 million during the quarter, compared to analyst estimates of $258.90 million. During the same period in the prior year, the business posted $0.06 EPS. The firm’s revenue was up 6.0% compared to the same quarter last year. On average, equities analysts expect that UDR, Inc. will post 1.94 EPS for the current year.

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.

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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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