Wednesday, October 04, 2017 10:15 PM ET
UDR (UDR) sees Significant Insider Selling Continuing
An insider — Warren L Troupe, Officer — disposed of 30,000 shares of UDR having a market value of approximately $1,137,780 today, as indicated in a form 4 document filed with the SEC. There have been 3 insiders with buy/sell transactions in the past 90 days prior to this filing. These trades have resulted in the purchase of 2,000 company shares and the disposition of 37,500 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 65,500 shares and have averaged 17,375 shares per transaction over this time period.
The number of insider buy/sell trades at UDR is greater than that of the 31 peer company average over the last 90-day period. The Residential REITs peer group saw 33 buy/sell trades during this period for an average of 1.1 transactions per company. However, the number of shares traded per transaction by UDR insiders is lower than its peers. Within the peer group there were 1,508,525 shares purchased and 332,005 shares sold with company insiders purchasing 39,217 shares on average over this time period.
The data obtained in evaluating and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.
Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.
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