Udr, Inc. (UDR): Clinton D Mcdonnough , director of Udr, Inc. purchased 3,000 shares on Sep 9, 2016. The Insider buying transaction was reported by the company on Sep 12, 2016 to the Securities and Exchange Commission. The shares were purchased at $34.54 per share for a total value of $103,608.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Aug 24, 2016, Clinton D Mcdonnough (director) purchased 2,000 shares at $35.65 per share price.On Aug 8, 2016, Harry G Alcock (SVP-Asset Management) sold 7,500 shares at $36.97 per share price.Also, On Jun 14, 2016, James D Klingbeil (director) purchased 30 shares at $33.68 per share price.On Apr 13, 2016, Jon A Grove (director) sold 10,000 shares at $36.72 per share price.
UDR: On Monday, Sep 12, 2016 heightened volatility was witnessed in UDR which led to swings in the share price. The shares opened for trading at $34.38 and hit $35.24 on the upside , eventually ending the session at $35.05, with a gain of 1.62% or 0.56 points. The heightened volatility saw the trading volume jump to 2,515,115 shares. The 52-week high of the share price is $38.61 and the company has a market cap of $9,360 M . The 52-week low of the share price is at $32.02.
Company has been under the radar of several Street Analysts.UDR is Upgraded by Mizuho to Buy and the brokerage firm has raised the Price Target to $ 41 from a previous price target of $37 .Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Aug 1, 2016.
UDR Inc. is a self-administered real estate investment trust (REIT). The Company owns operates acquires renovates develops redevelops and manages multifamily apartment communities located in high barrier-to-entry markets throughout the United States. The Company operates through two segments: Same-Store Communities and Non-Mature Communities/Other. The Companys Same-Store Communities segment includes the communities that were acquired developed and stabilized prior to January 1 2013 and held as of December 31 2014. The Companys Non-Mature Communities/Other segment represents the acquired developed and redeveloped communities and the non-apartment components of mixed use properties which do not meet the criteria to be included in the Same-Store Communities segment. As of December 31 2014 the Companys consolidated real estate portfolio included 139 communities located in 20 markets with a total of 39851 completed apartment homes.