Wall Street analysts predict that UDR, Inc. (NYSE:UDR) will post sales of $251.42 million for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for UDR’s earnings, with the highest sales estimate coming in at $253.57 million and the lowest estimate coming in at $249.38 million. UDR posted sales of $243.01 million in the same quarter last year, which indicates a positive year over year growth rate of 3.5%. The firm is expected to report its next quarterly earnings report after the market closes on Tuesday, February 6th.
According to Zacks, analysts expect that UDR will report full-year sales of $251.42 million for the current financial year, with estimates ranging from $982.46 million to $996.49 million. For the next financial year, analysts expect that the company will report sales of $1.03 billion per share, with estimates ranging from $1.01 billion to $1.05 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow UDR.
UDR (NYSE:UDR) last posted its quarterly earnings results on Monday, October 30th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.40). The company had revenue of $251.09 million for the quarter, compared to analyst estimates of $250.13 million. UDR had a return on equity of 10.18% and a net margin of 29.41%.
Several research firms have weighed in on UDR. SunTrust Banks reaffirmed a “hold” rating and set a $39.00 price target on shares of UDR in a research report on Monday, January 22nd. Stifel Nicolaus reissued a “hold” rating and set a $38.00 target price on shares of UDR in a report on Friday, January 19th. BMO Capital Markets reissued a “hold” rating and set a $40.00 target price on shares of UDR in a report on Tuesday, January 9th. Robert W. Baird raised UDR from a “neutral” rating to an “outperform” rating and set a $41.00 target price on the stock in a report on Thursday, October 5th. Finally, Zacks Investment Research lowered UDR from a “hold” rating to a “sell” rating in a report on Saturday, January 6th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $39.85.
In related news, CEO Thomas W. Toomey sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $39.20, for a total transaction of $784,000.00. Following the transaction, the chief executive officer now directly owns 1,127,925 shares of the company’s stock, valued at approximately $44,214,660. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.07% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. ING Groep NV grew its holdings in UDR by 69.1% in the 3rd quarter. ING Groep NV now owns 23,124 shares of the real estate investment trust’s stock valued at $879,000 after buying an additional 9,448 shares in the last quarter. WESCAP Management Group Inc. grew its holdings in UDR by 55.1% in the 3rd quarter. WESCAP Management Group Inc. now owns 10,949 shares of the real estate investment trust’s stock valued at $416,000 after buying an additional 3,890 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in UDR by 7.8% in the 4th quarter. State of Alaska Department of Revenue now owns 220,259 shares of the real estate investment trust’s stock valued at $8,482,000 after buying an additional 16,000 shares in the last quarter. Parametric Portfolio Associates LLC grew its holdings in UDR by 10.4% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 356,028 shares of the real estate investment trust’s stock valued at $13,540,000 after buying an additional 33,449 shares in the last quarter. Finally, Bank of Montreal Can grew its holdings in UDR by 31.3% in the 4th quarter. Bank of Montreal Can now owns 617,633 shares of the real estate investment trust’s stock valued at $23,792,000 after buying an additional 147,157 shares in the last quarter. 96.70% of the stock is currently owned by hedge funds and other institutional investors.
UDR (NYSE:UDR) traded down $0.16 during trading hours on Friday, hitting $35.89. The company’s stock had a trading volume of 1,331,302 shares, compared to its average volume of 1,455,164. The firm has a market cap of $9,775.77, a price-to-earnings ratio of 33.86, a price-to-earnings-growth ratio of 3.12 and a beta of 0.39. UDR has a 52-week low of $34.41 and a 52-week high of $40.71. The company has a debt-to-equity ratio of 1.31, a current ratio of 5.45 and a quick ratio of 5.45.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Wednesday, January 10th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date is Tuesday, January 9th. UDR’s payout ratio is presently 116.98%.
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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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