On Friday, UDR, Inc. (NYSE:UDR)’s Chief Executive Officer and Director, Thomas Toomey, sold 15,000 shares of Common Stock, directly, at a price of $28.1 per share. The insider sell was the second transaction executed by the CEO this month, as he sold another 15,000 shares of the real estate investment trust on June 5th, at a slightly lower price of $27.9 per share. Following the sale, Toomey remains a majority shareholder at UDR, with almost 1.16 million shares to his name.
Prior to the CEO’s sale, several other insiders sold their company stock in May, such as Senior Executive VP, Warren Troupe, who unloaded 10,000 shares at a price of $27.5, and Matthew Cozad (Vice President of Internal Audit), who sold 1,000 shares.
However, several hedge funds entered a new shareholder position at UDR this quarter, like Ken Griffin’s Citadel Investment Group, which acquired 412,228 shares, for a value of approximately $10.6 million. Peter Muller’s hedge fund, Pdt Partners, also acquired a position at the $7 billion market cap firm, with 287,179 shares, worth $7.4 million.