UDR, Inc. (NYSE:UDR) VP Sells $971,600.00 in Stock

UDR, Inc. (NYSE:UDR) VP Warren L. Troupe sold 20,000 shares of UDR stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $48.58, for a total value of $971,600.00. Following the completion of the sale, the vice president now directly owns 470,761 shares in the company, valued at approximately $22,869,569.38. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

NYSE:UDR traded up $0.04 during trading hours on Thursday, reaching $48.54. The stock had a trading volume of 1,496,723 shares, compared to its average volume of 1,451,788. The stock has a market capitalization of $14.36 billion, a PE ratio of 24.77, a PEG ratio of 3.80 and a beta of 0.42. The company has a debt-to-equity ratio of 1.32, a quick ratio of 6.43 and a current ratio of 6.43. The company has a 50 day moving average price of $48.22 and a two-hundred day moving average price of $46.18. UDR, Inc. has a 52 week low of $37.87 and a 52 week high of $49.30.

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th will be given a dividend of $0.3425 per share. This represents a $1.37 annualized dividend and a dividend yield of 2.82%. The ex-dividend date of this dividend is Wednesday, October 9th. UDR’s dividend payout ratio is currently 69.90%.

A number of research firms have issued reports on UDR. Mizuho lifted their price objective on UDR from $51.00 to $52.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th. ValuEngine downgraded UDR from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. TheStreet raised UDR from a “c” rating to a “b-” rating in a research note on Tuesday, July 30th. Morgan Stanley lifted their price objective on UDR from $48.00 to $51.00 and gave the stock an “equal weight” rating in a research note on Friday, September 6th. Finally, Wells Fargo & Co lifted their price objective on UDR from $46.00 to $47.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 13th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $46.33.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. M&T Bank Corp increased its position in shares of UDR by 1.1% during the 2nd quarter. M&T Bank Corp now owns 18,802 shares of the real estate investment trust’s stock valued at $844,000 after purchasing an additional 211 shares during the last quarter. Oakbrook Investments LLC increased its position in shares of UDR by 1.8% during the 2nd quarter. Oakbrook Investments LLC now owns 13,274 shares of the real estate investment trust’s stock valued at $596,000 after purchasing an additional 230 shares during the last quarter. 6 Meridian increased its position in shares of UDR by 2.0% during the 2nd quarter. 6 Meridian now owns 11,688 shares of the real estate investment trust’s stock valued at $525,000 after purchasing an additional 234 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of UDR by 5.9% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 6,027 shares of the real estate investment trust’s stock valued at $271,000 after purchasing an additional 338 shares during the last quarter. Finally, Advisory Services Network LLC increased its position in shares of UDR by 14.6% during the 2nd quarter. Advisory Services Network LLC now owns 3,602 shares of the real estate investment trust’s stock valued at $161,000 after purchasing an additional 459 shares during the last quarter. 93.56% of the stock is currently owned by hedge funds and other institutional investors.

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 properties in targeted U.S.

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