Somewhat Favorable Press Coverage Somewhat Unlikely to Affect UDR (NYSE:UDR) Stock Price

Press coverage about UDR (NYSE:UDR) has been trending somewhat positive this week, Accern reports. The research group identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. UDR earned a news impact score of 0.16 on Accern’s scale. Accern also assigned news headlines about the real estate investment trust an impact score of 46.0661672108555 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Here are some of the news stories that may have impacted Accern’s rankings:

A number of analysts have recently issued reports on the stock. Sandler O’Neill set a $38.00 price objective on shares of UDR and gave the company a “hold” rating in a report on Monday. Robert W. Baird set a $38.00 price target on UDR and gave the company a “buy” rating in a research note on Friday, March 2nd. BMO Capital Markets reaffirmed a “hold” rating and issued a $38.00 price target on shares of UDR in a research note on Friday, March 2nd. Zacks Investment Research raised UDR from a “sell” rating to a “hold” rating in a research note on Friday, March 9th. Finally, UBS downgraded UDR from a “buy” rating to a “neutral” rating and set a $38.00 target price for the company. in a research note on Monday. Thirteen research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. UDR presently has a consensus rating of “Hold” and an average price target of $38.71.

Shares of UDR stock traded up $0.07 during trading on Thursday, hitting $35.36. The stock had a trading volume of 184,677 shares, compared to its average volume of 1,636,194. UDR has a 1 year low of $32.88 and a 1 year high of $40.71. The stock has a market cap of $9,500.91, a price-to-earnings ratio of 82.07, a PEG ratio of 3.29 and a beta of 0.41. The company has a current ratio of 4.93, a quick ratio of 4.93 and a debt-to-equity ratio of 1.32.

UDR (NYSE:UDR) last posted its quarterly earnings results on Tuesday, February 6th. The real estate investment trust reported $0.48 earnings per share for the quarter, hitting the consensus estimate of $0.48. UDR had a return on equity of 4.53% and a net margin of 12.21%. The company had revenue of $250.12 million during the quarter, compared to the consensus estimate of $250.37 million. During the same quarter in the prior year, the company earned $0.46 EPS. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. equities analysts forecast that UDR will post 1.93 EPS for the current fiscal year.

In other UDR news, VP Warren L. Troupe sold 30,000 shares of UDR stock in a transaction that occurred on Friday, March 16th. The stock was sold at an average price of $35.91, for a total value of $1,077,300.00. Following the transaction, the vice president now directly owns 528,378 shares of the company’s stock, valued at approximately $18,974,053.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Thomas W. Toomey sold 20,000 shares of UDR stock in a transaction that occurred on Friday, March 16th. The stock was sold at an average price of $35.90, for a total value of $718,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,162,390 shares in the company, valued at $41,729,801. The disclosure for this sale can be found here. 3.07% of the stock is owned by company insiders.

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About UDR

UDR, Inc is a self-administered real estate investment trust. The Company owns, operates, acquires, renovates, develops, redevelops, disposes of and manages multifamily apartment communities generally located in various markets across the United States. The Company’s segments are Same-Store Communities and Non-Mature Communities/Other.

Insider Buying and Selling by Quarter for UDR (NYSE:UDR)

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