Brokerages expect UDR, Inc. (NYSE:UDR) to post earnings per share (EPS) of $0.48 for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for UDR’s earnings, with the highest EPS estimate coming in at $0.49 and the lowest estimate coming in at $0.47. UDR reported earnings per share of $0.45 during the same quarter last year, which would suggest a positive year-over-year growth rate of 6.7%. The firm is expected to announce its next earnings report on Monday, April 23rd.
According to Zacks, analysts expect that UDR will report full-year earnings of $1.94 per share for the current financial year, with EPS estimates ranging from $1.92 to $1.98. For the next year, analysts expect that the company will post earnings of $2.04 per share, with EPS estimates ranging from $2.01 to $2.09. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for UDR.
UDR (NYSE:UDR) last issued its earnings results on Tuesday, February 6th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.48. UDR had a net margin of 12.21% and a return on equity of 4.53%. The firm had revenue of $250.12 million for the quarter, compared to analysts’ expectations of $250.37 million. During the same quarter last year, the business earned $0.46 earnings per share. The business’s revenue was up 4.2% on a year-over-year basis.
Several research analysts have recently issued reports on UDR shares. Zacks Investment Research cut shares of UDR from a “hold” rating to a “sell” rating in a report on Saturday, January 6th. Mizuho restated a “buy” rating and issued a $43.00 target price on shares of UDR in a report on Monday, November 6th. Royal Bank of Canada raised their target price on shares of UDR from $39.00 to $40.00 and gave the stock a “sector perform” rating in a report on Wednesday, November 8th. SunTrust Banks set a $39.00 target price on shares of UDR and gave the stock a “hold” rating in a report on Monday, January 22nd. Finally, Robert W. Baird restated a “buy” rating and issued a $40.00 target price on shares of UDR in a report on Tuesday, January 9th. Twelve equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. UDR has an average rating of “Hold” and an average price target of $39.23.
In related news, CEO Thomas W. Toomey sold 20,000 shares of UDR stock in a transaction on Friday, December 15th. The shares were sold at an average price of $39.20, for a total value of $784,000.00. Following the sale, the chief executive officer now owns 1,127,925 shares in the company, valued at $44,214,660. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 3.07% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Ackerman Capital Advisors LLC bought a new stake in shares of UDR during the 4th quarter valued at $382,000. Xact Kapitalforvaltning AB boosted its holdings in shares of UDR by 9.5% during the 4th quarter. Xact Kapitalforvaltning AB now owns 34,847 shares of the real estate investment trust’s stock valued at $1,342,000 after buying an additional 3,032 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in shares of UDR by 14.7% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 137,298 shares of the real estate investment trust’s stock valued at $5,289,000 after buying an additional 17,635 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. boosted its holdings in shares of UDR by 44.8% during the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 15,200 shares of the real estate investment trust’s stock valued at $586,000 after buying an additional 4,700 shares in the last quarter. Finally, MetLife Investment Advisors LLC bought a new stake in shares of UDR during the 4th quarter valued at $3,189,000. Institutional investors and hedge funds own 96.02% of the company’s stock.
Shares of UDR (UDR) traded down $0.56 during trading on Tuesday, hitting $33.58. 1,799,749 shares of the stock traded hands, compared to its average volume of 1,701,222. The company has a debt-to-equity ratio of 1.32, a current ratio of 4.93 and a quick ratio of 4.93. UDR has a 1 year low of $32.88 and a 1 year high of $40.71. The company has a market capitalization of $9,154.98, a PE ratio of 78.09, a price-to-earnings-growth ratio of 3.15 and a beta of 0.33.
The business also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Wednesday, January 10th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 3.69%. The ex-dividend date was Tuesday, January 9th. UDR’s dividend payout ratio (DPR) is currently 288.37%.
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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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