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 the firm’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 824,716 shares in the company, 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 SEC, which is available through this hyperlink.

UDR Stock Performance

UDR stock opened at $42.84 on Friday. UDR, Inc. has a 12-month low of $34.76 and a 12-month high of $47.55. The company has a market capitalization of $14.19 billion, a price-to-earnings ratio of 171.36, a price-to-earnings-growth ratio of 8.67 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 firm’s fifty day moving average price is $42.27 and its 200 day moving average price is $43.57.

UDR (NYSE:UDR) last released its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.53. UDR had a net margin of 5.36% and a return on equity of 2.65%. On average, research analysts forecast that UDR, Inc. will post 2.51 EPS for the current fiscal year.

UDR Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Evercore ISI lifted their price target on shares of UDR from $43.00 to $45.00 and gave the company an “in-line” rating in a report on Monday, February 10th. Royal Bank of Canada lifted their price target on shares of UDR from $43.00 to $44.00 and gave the company a “sector perform” rating in a report on Friday, February 7th. Scotiabank lifted their price target on shares of UDR from $48.00 to $49.00 and gave the company a “sector perform” rating in a report on Friday, February 14th. Zelman & Associates reiterated a “neutral” rating on shares of UDR in a report on Thursday, February 13th. Finally, Jefferies Financial Group lowered shares of UDR from a “buy” rating to a “hold” rating and decreased their price target for the company from $50.00 to $45.00 in a report on Thursday, January 2nd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $46.18.

Institutional Investors Weigh In On UDR

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mackenzie Financial Corp increased its stake in UDR by 20.7% during the 4th 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 period. Toronto Dominion Bank increased its stake in UDR by 8.4% during the 4th 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 period. GF Fund Management CO. LTD. bought a new stake in shares of UDR in the 4th quarter worth about $247,000. Inspire Trust Co. N.A. increased its position in shares of UDR by 9.4% in the 4th quarter. Inspire Trust Co. N.A. now owns 30,000 shares of the real estate investment trust’s stock worth $1,302,000 after purchasing an additional 2,585 shares during the last quarter. Finally, Continuum Advisory LLC increased its position in shares of UDR by 38.0% in the 4th quarter. Continuum Advisory LLC now owns 1,275 shares of the real estate investment trust’s stock worth $55,000 after purchasing 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.