UDR (NYSE:UDR) CEO Thomas Toomey unloaded 8,000 shares of the company’s stock on the open market in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $22.95, for a total value of $183,600.00. Following the completion of the transaction, the chief executive officer now directly owns 994,368 shares of the company’s stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Separately, analysts at Zacks reiterated a “neutral” rating on shares of UDR (NYSE:UDR) in a research note to investors on Friday, July 19th. They now have a $27.00 price target on the stock.
Eight research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $25.95.
Shares of UDR (NYSE:UDR) traded up 2.23% on Friday, hitting $22.88. The stock had a trading volume of 1,088,653 shares. UDR has a 52 week low of $21.96 and a 52 week high of $27.04. The stock has a 50-day moving average of $24.0 and a 200-day moving average of $24.59. The company’s market cap is $5.737 billion.
UDR (NYSE:UDR) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.03. The company had revenue of $188.60 million for the quarter, compared to the consensus estimate of $188.54 million. During the same quarter in the previous year, the company posted $0.33 earnings per share. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. On average, analysts predict that UDR will post $1.41 earnings per share for the current fiscal year.
UDR, Inc (NYSE:UDR) is a self administered real estate investment trust (REIT), which owns, operates, acquires, renovates, develops, redevelops, and manages multifamily apartment communities located throughout the United States.
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