UDR - Insider Decision: Thomas W Toomey Offloads $1.71M Worth Of UDR Stock | Benzinga
Thomas W Toomey, Chairman and CEO at UDR (NYSE:UDR), executed a substantial insider sell on December 27, according to an SEC filing.
What Happened: Toomey opted to sell 45,000 shares of UDR, according to a Form 4 filing with the U.S. Securities and Exchange Commission on Wednesday. The transaction's total worth stands at $1,705,500.
The latest market snapshot at Thursday morning reveals UDR shares down by 0.1%, trading at $38.29.
About UDR
UDR is a real estate investment trust that owns, operates, acquires, renovates, develops, redevelops, disposes of, and manages multifamily apartment communities in targeted markets located in the United States. The company has two reportable segments; Same-Store Communities segment represents those communities acquired, developed, and stabilized prior to January 1, 2021, and held as of December 31, 2022, and Non-Mature Communities/Other segment represents those communities that do not meet the criteria to be included in Same-Store Communities, including, but not limited to, recently acquired, developed and redeveloped communities, and the non-apartment components of mixed-use properties. The company generates key revenue from Same-Store Communities.
Unraveling the Financial Story of UDR
Positive Revenue Trend: Examining UDR's financials over 3 months reveals a positive narrative. The company achieved a noteworthy ...