Thomas W. Toomey Sells 25,000 Shares of UDR, Inc. (NYSE:UDR) Stock

UDR, Inc. (NYSE:UDR) CEO Thomas W. Toomey sold 25,000 shares of UDR stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $42.75, for a total value of $1,068,750.00. Following the sale, the chief executive officer now directly owns 824,716 shares of the company’s stock, valued at approximately $35,256,609. This trade represents a 2.94 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

UDR Trading Down 0.4 %

NYSE:UDR traded down $0.17 during mid-day trading on Friday, reaching $42.84. 5,240,247 shares of the company’s stock traded hands, compared to its average volume of 2,007,448. UDR, Inc. has a 12-month low of $34.76 and a 12-month high of $47.55. The firm has a market capitalization of $14.19 billion, a price-to-earnings ratio of 171.36, a PEG ratio of 8.59 and a beta of 0.88. The company has a debt-to-equity ratio of 1.71, a current ratio of 5.61 and a quick ratio of 5.91. The company has a 50 day moving average price of $42.31 and a 200-day moving average price of $43.55.

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 return on equity of 2.65% and a net margin of 5.36%. On average, sell-side analysts predict that UDR, Inc. will post 2.51 earnings per share for the current year.

UDR Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 9th were issued a dividend of $0.425 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.97%. UDR’s dividend payout ratio (DPR) is 680.00%.

Wall Street Analyst Weigh In

UDR has been the subject of several research analyst reports. Scotiabank lifted their price target on UDR from $48.00 to $49.00 and gave the stock a “sector perform” rating in a research note on Friday, February 14th. Mizuho dropped their price target on UDR from $47.00 to $45.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Royal Bank of Canada lifted their price target on UDR from $43.00 to $44.00 and gave the stock a “sector perform” rating in a research note on Friday, February 7th. Jefferies Financial Group lowered UDR from a “buy” rating to a “hold” rating and dropped their price target for the stock from $50.00 to $45.00 in a research note on Thursday, January 2nd. Finally, Barclays lowered their target price on UDR from $50.00 to $48.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, UDR currently has an average rating of “Hold” and an average target price of $46.18.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Asset Management One Co. Ltd. grew its holdings in shares of UDR by 7.9% during the 4th quarter. Asset Management One Co. Ltd. now owns 587,772 shares of the real estate investment trust’s stock worth $25,515,000 after acquiring an additional 42,926 shares during the period. International Assets Investment Management LLC grew its holdings in shares of UDR by 4,436.2% during the 3rd quarter. International Assets Investment Management LLC now owns 44,228 shares of the real estate investment trust’s stock worth $2,005,000 after acquiring an additional 43,253 shares during the period. Los Angeles Capital Management LLC grew its holdings in shares of UDR by 1,665.3% during the 3rd quarter. Los Angeles Capital Management LLC now owns 369,448 shares of the real estate investment trust’s stock worth $16,751,000 after acquiring an additional 348,520 shares during the period. MQS Management LLC purchased a new position in shares of UDR during the 3rd quarter worth approximately $712,000. Finally, JPMorgan Chase & Co. grew its stake in shares of UDR by 5.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,774,541 shares of the real estate investment trust’s stock worth $352,498,000 after buying an additional 368,087 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.