UDR (UDR) Reaches New 12-Month High at $45.27

UDR, Inc. (NYSE:UDR)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $45.27 and last traded at $45.21, with a volume of 56803 shares. The stock had previously closed at $44.98.

A number of equities analysts recently commented on UDR shares. Capital One Financial started coverage on shares of UDR in a research report on Monday, November 19th. They set an “equal weight” rating and a $43.00 price target on the stock. Robert W. Baird lowered shares of UDR from an “outperform” rating to a “neutral” rating and set a $42.00 price target on the stock. in a research report on Tuesday, November 20th. Royal Bank of Canada reaffirmed a “hold” rating and set a $41.00 price target on shares of UDR in a research report on Tuesday, November 20th. Zacks Investment Research lowered shares of UDR from a “buy” rating to a “hold” rating in a research report on Thursday, November 22nd. Finally, Jefferies Financial Group raised shares of UDR from a “hold” rating to a “buy” rating and raised their price target for the stock from $42.00 to $47.00 in a research report on Friday, November 30th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the stock. UDR presently has an average rating of “Hold” and a consensus price target of $41.31.

The company has a market capitalization of $12.40 billion, a PE ratio of 23.13, a PEG ratio of 3.85 and a beta of 0.55. The company has a debt-to-equity ratio of 1.23, a quick ratio of 7.61 and a current ratio of 7.61.

UDR (NYSE:UDR) last announced its quarterly earnings data on Tuesday, February 12th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.19). The firm had revenue of $264.73 million for the quarter, compared to analyst estimates of $262.98 million. UDR had a return on equity of 7.50% and a net margin of 19.40%. The company’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.25 earnings per share. As a group, equities research analysts expect that UDR, Inc. will post 2.06 EPS for the current fiscal year.

In other news, VP Warren L. Troupe sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $44.66, for a total value of $2,233,000.00. Following the sale, the vice president now directly owns 495,761 shares in the company, valued at approximately $22,140,686.26. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Lynne B. Sagalyn sold 4,289 shares of the firm’s stock in a transaction that occurred on Friday, February 22nd. The shares were sold at an average price of $44.97, for a total transaction of $192,876.33. Following the completion of the sale, the director now owns 81,852 shares in the company, valued at $3,680,884.44. The disclosure for this sale can be found here. Insiders have sold 64,289 shares of company stock worth $2,818,276 over the last quarter. Corporate insiders own 3.16% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of UDR. Oregon Public Employees Retirement Fund boosted its stake in shares of UDR by 3,986.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,198,148 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 1,168,828 shares in the last quarter. Capital Investment Advisory Services LLC acquired a new stake in shares of UDR in the 4th quarter valued at approximately $55,000. Pearl River Capital LLC acquired a new stake in shares of UDR in the 4th quarter valued at approximately $87,000. First Quadrant L P CA acquired a new stake in shares of UDR in the 4th quarter valued at approximately $91,000. Finally, Advisory Services Network LLC boosted its stake in shares of UDR by 29.7% in the 4th quarter. Advisory Services Network LLC now owns 3,138 shares of the real estate investment trust’s stock valued at $124,000 after purchasing an additional 718 shares in the last quarter. Institutional investors own 97.49% of the company’s stock.

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UDR Company Profile (NYSE: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 properties in targeted U.S.

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