UDR, Inc is seeing an influx of shares being purchased by various investment entities such as Duality Advisers LP, Nordea Investment Management, and Sumitomo Mitsui Trust Holdings. Despite intermittent stock performance, UDR was hailed as a Top Workplace Industry Winner in 2024 and was recommended to be retained in portfolios. An insider sale by CEO Thomas Toomey, who sold 90,000 shares, drew attention, while UDR assumes control over Mill Creek development in Oakland and plans to back off high occupancy, favoring rent boosting. The company made a colossal $402M purchase of 6 Texas properties and received approval for a 25-story apartment tower in Dallas. The company is accused in a suit of neglecting to address racial abuse. Amidst varying business operations, the company posted Q1 2024 results and increased certain full-year 2024 guidance ranges. UDR undergoes leadership changes with Senior VP Harry Alcock transitioning to a consulting role. The company is dealing with occupancy and cost issues, but its long-term outlook seems positive, with its shares receiving a price target boost. Thomas W. Toomey assures his commitment with a new executive deal.
Udr UDR News Analytics from Fri, 25 Jan 2019 08:00:00 GMT to Sun, 14 Jul 2024 17:43:16 GMT -
Rating 5
- Innovation 7
- Information 6
- Rumor -3
