UDR, Inc. (NYSE:UDR) – Analysts at SunTrust Banks dropped their FY2018 earnings per share (EPS) estimates for shares of UDR in a research note issued to investors on Monday. SunTrust Banks analyst M. Lewis now expects that the real estate investment trust will earn $1.93 per share for the year, down from their previous forecast of $1.96. SunTrust Banks has a “Hold” rating and a $38.00 price objective on the stock. SunTrust Banks also issued estimates for UDR’s FY2019 earnings at $2.03 EPS, FY2020 earnings at $2.08 EPS and FY2021 earnings at $2.11 EPS.
UDR (NYSE:UDR) last announced its quarterly earnings data on Tuesday, February 6th. The real estate investment trust reported $0.48 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.48. The business had revenue of $250.12 million during the quarter, compared to analyst estimates of $250.37 million. UDR had a net margin of 12.21% and a return on equity of 4.53%. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.46 earnings per share.
Other research analysts have also issued research reports about the stock. Zacks Investment Research raised shares of UDR from a “sell” rating to a “hold” rating in a research report on Wednesday, January 31st. Mizuho set a $38.00 price objective on shares of UDR and gave the company a “buy” rating in a research report on Friday, February 9th. TheStreet lowered shares of UDR from a “b-” rating to a “c” rating in a research report on Tuesday, February 6th. BMO Capital Markets reaffirmed a “hold” rating and set a $41.00 price objective on shares of UDR in a research report on Monday, November 27th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $38.00 price objective on shares of UDR in a research report on Friday, January 19th. Twelve investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $39.38.
UDR (NYSE:UDR) opened at $34.61 on Thursday. The company has a market cap of $9,270.00, a PE ratio of 123.61, a PEG ratio of 3.11 and a beta of 0.33. The company has a current ratio of 4.93, a quick ratio of 5.45 and a debt-to-equity ratio of 1.32. UDR has a 52-week low of $32.88 and a 52-week high of $40.71.
Large investors have recently bought and sold shares of the stock. Jane Street Group LLC acquired a new position in UDR in the fourth quarter worth about $223,000. Bbva Compass Bancshares Inc. acquired a new stake in shares of UDR during the fourth quarter worth approximately $227,000. Fox Run Management L.L.C. increased its holdings in shares of UDR by 51.8% during the fourth quarter. Fox Run Management L.L.C. now owns 8,500 shares of the real estate investment trust’s stock worth $327,000 after buying an additional 2,900 shares in the last quarter. WESCAP Management Group Inc. increased its holdings in shares of UDR by 55.1% during the third quarter. WESCAP Management Group Inc. now owns 10,949 shares of the real estate investment trust’s stock worth $416,000 after buying an additional 3,890 shares in the last quarter. Finally, Exane Derivatives acquired a new stake in shares of UDR during the fourth quarter worth approximately $432,000. 96.73% of the stock is owned by hedge funds and other institutional investors.
In related news, CEO Thomas W. Toomey sold 20,000 shares of the stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $39.20, for a total value of $784,000.00. Following the completion of the transaction, the chief executive officer now owns 1,127,925 shares of the company’s stock, valued at $44,214,660. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.07% of the company’s stock.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Wednesday, January 10th were given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 3.58%. The ex-dividend date was Tuesday, January 9th. UDR’s dividend payout ratio (DPR) is presently 442.86%.
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UDR Company Profile
UDR, Inc is a self-administered real estate investment trust. The Company owns, operates, acquires, renovates, develops, redevelops, disposes of and manages multifamily apartment communities generally located in various markets across the United States. The Company’s segments are Same-Store Communities and Non-Mature Communities/Other.
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