Insider Selling: UDR, Inc. (NYSE:UDR) CEO Sells $1,068,750.00 in Stock

UDR, Inc. (NYSE:UDR) CEO Thomas W. Toomey sold 25,000 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer now owns 824,716 shares of the company’s stock, valued at $35,256,609. This trade represents a 2.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

UDR Stock Performance

Shares of NYSE UDR opened at $42.84 on Monday. The firm’s 50-day moving average price is $42.27 and its 200-day moving average price is $43.59. 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 company has a market cap of $14.19 billion, a PE 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 announced its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, beating 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%. As a group, analysts anticipate that UDR, Inc. will post 2.51 EPS 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 issued a dividend of $0.425 per share. 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 payout ratio is presently 680.00%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Royal Bank of Canada increased their price target on shares of UDR from $43.00 to $44.00 and gave the stock a “sector perform” rating in a research note on Friday, February 7th. Barclays decreased their price target on shares of UDR from $50.00 to $48.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Wells Fargo & Company decreased their price target on shares of UDR from $48.00 to $45.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. StockNews.com upgraded shares of UDR from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Finally, Jefferies Financial Group lowered shares of UDR from a “buy” rating to a “hold” rating and decreased their price target for the stock from $50.00 to $45.00 in a research note on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $46.18.

Hedge Funds Weigh In On UDR

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Mackenzie Financial Corp boosted its holdings in shares of UDR by 20.7% in the fourth quarter. Mackenzie Financial Corp now owns 13,605 shares of the real estate investment trust’s stock worth $591,000 after buying an additional 2,331 shares during the last quarter. Toronto Dominion Bank boosted its holdings in shares of UDR by 8.4% in the fourth quarter. Toronto Dominion Bank now owns 162,338 shares of the real estate investment trust’s stock worth $7,047,000 after buying an additional 12,512 shares during the last quarter. GF Fund Management CO. LTD. purchased a new position in shares of UDR in the fourth quarter worth approximately $247,000. Inspire Trust Co. N.A. boosted its holdings in shares of UDR by 9.4% in the fourth quarter. Inspire Trust Co. N.A. now owns 30,000 shares of the real estate investment trust’s stock worth $1,302,000 after buying an additional 2,585 shares during the last quarter. Finally, Continuum Advisory LLC boosted its holdings in shares of UDR by 38.0% in the fourth quarter. Continuum Advisory LLC now owns 1,275 shares of the real estate investment trust’s stock worth $55,000 after buying an additional 351 shares during the last quarter. Hedge funds and other institutional investors own 97.84% of the company’s stock.

About 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 communities in targeted U.S.