Today, the SVP-COO of UDR (NYSE: UDR), Jerry Davis, sold shares of UDR for $387.5K.
Following Jerry Davis’ last UDR Sell transaction on November 27, 2015, the stock climbed by 4.8%.
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Based on UDR’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $260 million and quarterly net profit of $20.6 million. In comparison, last year the company earned revenue of $248 million and had a net profit of $10.16 million. UDR’s market cap is $10.5B and the company has a P/E ratio of 145.60. Currently, UDR has an average volume of 1.45M.
Four different firms, including Merrill Lynch and Credit Suisse, currently also have a Sell rating on the stock. Based on 7 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $40.43, reflecting a -3.2% downside.
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UDR, Inc. engages in the multi-family real estate investment trust business. It operates through the Same-Store Communities and Non-Mature Communities/Other segments. The Same-Store Communities segment pertains to properties that are acquired, developed, and stabilized occupancy.
