Wall Street analysts expect UDR, Inc. (NYSE:UDR) to announce earnings of $0.49 per share for the current fiscal quarter, Zacks Investment Research reports. Six 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 $0.48. UDR reported earnings per share of $0.47 during the same quarter last year, which suggests a positive year over year growth rate of 4.3%. The company is scheduled to report its next earnings report after the market closes on Monday, October 29th.
On average, 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 $1.95. For the next fiscal year, analysts anticipate that the firm will report earnings of $2.05 per share, with EPS estimates ranging from $2.00 to $2.12. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that follow UDR.
UDR (NYSE:UDR) last released its quarterly earnings results on Monday, July 30th. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.01. UDR had a net margin of 18.47% and a return on equity of 6.87%. The company had revenue of $259.74 million during the quarter, compared to the consensus estimate of $253.59 million. During the same period in the prior year, the firm earned $0.47 earnings per share. UDR’s revenue was up 4.7% on a year-over-year basis.
A number of equities analysts recently issued reports on the stock. Royal Bank of Canada increased their price target on shares of UDR from $39.00 to $40.00 and gave the stock a “sector perform” rating in a research note on Friday, August 10th. Citigroup increased their price target on shares of UDR from $39.00 to $40.00 and gave the stock a “neutral” rating in a research note on Thursday, August 2nd. Robert W. Baird reissued a “buy” rating and issued a $40.00 price target on shares of UDR in a research note on Thursday, August 16th. Zacks Investment Research raised shares of UDR from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a research note on Wednesday, July 25th. Finally, ValuEngine raised shares of UDR from a “sell” rating to a “hold” rating in a research note on Tuesday, June 26th. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $39.54.
UDR stock traded down $0.06 during trading on Tuesday, reaching $40.16. The company had a trading volume of 87,303 shares, compared to its average volume of 1,486,887. UDR has a 52 week low of $32.88 and a 52 week high of $41.04. The company has a market cap of $10.82 billion, a P/E ratio of 21.44, a PEG ratio of 3.41 and a beta of 0.33. The company has a debt-to-equity ratio of 1.38, a current ratio of 6.03 and a quick ratio of 6.03.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 31st. Shareholders of record on Wednesday, October 10th will be paid a dividend of $0.3323 per share. This is an increase from UDR’s previous quarterly dividend of $0.32. The ex-dividend date is Tuesday, October 9th. This represents a $1.33 dividend on an annualized basis and a dividend yield of 3.31%. UDR’s dividend payout ratio (DPR) is currently 68.98%.
In other UDR news, insider Jerry A. Davis sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, August 3rd. The shares were sold at an average price of $38.75, for a total transaction of $387,500.00. Following the completion of the transaction, the insider now owns 234,669 shares of the company’s stock, valued at $9,093,423.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Warren L. Troupe sold 40,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $39.10, for a total transaction of $1,564,000.00. Following the transaction, the vice president now directly owns 549,634 shares of the company’s stock, valued at approximately $21,490,689.40. The disclosure for this sale can be found here. Insiders have sold 114,773 shares of company stock valued at $4,545,229 in the last ninety days. Insiders own 3.16% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. increased its position in shares of UDR by 0.4% during the second quarter. BlackRock Inc. now owns 29,851,798 shares of the real estate investment trust’s stock valued at $1,120,637,000 after acquiring an additional 117,703 shares in the last quarter. FMR LLC increased its position in shares of UDR by 3.4% during the second quarter. FMR LLC now owns 16,025,171 shares of the real estate investment trust’s stock valued at $601,586,000 after acquiring an additional 528,079 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of UDR by 4.9% during the second quarter. Renaissance Technologies LLC now owns 8,358,300 shares of the real estate investment trust’s stock valued at $313,771,000 after acquiring an additional 390,700 shares in the last quarter. Centersquare Investment Management LLC increased its position in shares of UDR by 3.9% during the second quarter. Centersquare Investment Management LLC now owns 4,422,408 shares of the real estate investment trust’s stock valued at $166,018,000 after acquiring an additional 164,250 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of UDR by 1.1% during the second quarter. Dimensional Fund Advisors LP now owns 4,107,102 shares of the real estate investment trust’s stock valued at $154,181,000 after acquiring an additional 43,862 shares in the last quarter. 95.27% of the stock is owned by institutional investors and hedge funds.
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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