Analysts expect that UDR, Inc. (NYSE:UDR) will report earnings per share of $0.48 for the current quarter, according to Zacks. Six analysts have made estimates for UDR’s earnings, with the highest EPS estimate coming in at $0.49 and the lowest estimate coming in at $0.48. UDR posted earnings per share of $0.47 in the same quarter last year, which would indicate a positive year-over-year growth rate of 2.1%. The business is scheduled to announce its next earnings results after the market closes on Wednesday, July 25th.
On average, analysts expect that UDR will report full-year earnings of $1.93 per share for the current year, with EPS estimates ranging from $1.91 to $1.95. For the next financial year, analysts expect that the firm will post earnings of $2.04 per share, with EPS estimates ranging from $2.01 to $2.10. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow UDR.
UDR (NYSE:UDR) last posted its quarterly earnings data on Wednesday, April 25th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.17). The firm had revenue of $253.31 million during the quarter, compared to analysts’ expectations of $252.02 million. UDR had a net margin of 17.65% and a return on equity of 6.57%. The business’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.45 earnings per share.
A number of equities analysts have weighed in on the stock. ValuEngine raised shares of UDR from a “sell” rating to a “hold” rating in a research report on Tuesday, June 26th. Jefferies Financial Group assumed coverage on shares of UDR in a research report on Monday, June 11th. They issued a “hold” rating and a $38.00 price objective for the company. Sandler O’Neill set a $38.00 price objective on shares of UDR and gave the company a “hold” rating in a research report on Monday, March 19th. Bank of America upped their price objective on shares of UDR from $41.00 to $42.00 and gave the company a “buy” rating in a research report on Friday, June 8th. Finally, Stifel Nicolaus raised shares of UDR from a “hold” rating to a “buy” rating and upped their price objective for the company from $38.00 to $40.00 in a research report on Thursday, May 31st. Twelve equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $39.17.
UDR traded down $0.32, reaching $37.22, on Wednesday, Marketbeat Ratings reports. The stock had a trading volume of 112,762 shares, compared to its average volume of 1,673,101. The company has a debt-to-equity ratio of 1.30, a current ratio of 5.83 and a quick ratio of 5.83. The stock has a market cap of $10.05 billion, a P/E ratio of 20.07, a PEG ratio of 3.26 and a beta of 0.38. UDR has a 12-month low of $32.88 and a 12-month high of $40.33.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 31st. Stockholders of record on Tuesday, July 10th will be paid a $0.3225 dividend. The ex-dividend date of this dividend is Monday, July 9th. This represents a $1.29 dividend on an annualized basis and a dividend yield of 3.47%. UDR’s dividend payout ratio (DPR) is presently 68.98%.
In other news, CEO Thomas W. Toomey sold 30,000 shares of the company’s stock in a transaction dated Tuesday, May 1st. The shares were sold at an average price of $36.00, for a total value of $1,080,000.00. Following the sale, the chief executive officer now owns 1,119,390 shares in the company, valued at approximately $40,298,040. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 3.16% of the company’s stock.
Several institutional investors have recently modified their holdings of UDR. Centersquare Investment Management LLC acquired a new stake in shares of UDR in the 1st quarter valued at about $151,676,000. Deutsche Bank AG raised its stake in UDR by 271.1% during the fourth quarter. Deutsche Bank AG now owns 3,011,378 shares of the real estate investment trust’s stock worth $115,993,000 after acquiring an additional 2,200,003 shares during the period. Barings LLC acquired a new stake in UDR during the first quarter worth about $75,583,000. Renaissance Technologies LLC raised its stake in UDR by 20.2% during the fourth quarter. Renaissance Technologies LLC now owns 7,889,498 shares of the real estate investment trust’s stock worth $303,903,000 after acquiring an additional 1,327,664 shares during the period. Finally, BlackRock Inc. raised its stake in UDR by 1.3% during the first quarter. BlackRock Inc. now owns 29,734,095 shares of the real estate investment trust’s stock worth $1,059,128,000 after acquiring an additional 389,191 shares during the period. Institutional investors and hedge funds own 97.05% of the company’s stock.
UDR, Inc (NYSE: UDR), an S&P 500 company, is a leading multifamily real estate investment trust with a demonstrated performance history of delivering superior and dependable returns by successfully managing, buying, selling, developing and redeveloping attractive real estate properties in targeted U.S.
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