Wall Street brokerages predict that UDR, Inc. (NYSE:UDR) will report earnings per share (EPS) of $0.47 for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for UDR’s earnings, with estimates ranging from $0.47 to $0.48. UDR posted earnings per share of $0.45 during the same quarter last year, which would suggest a positive year-over-year growth rate of 4.4%. The company is scheduled to issue its next earnings results on Monday, April 23rd.
According to Zacks, 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 $1.96. For the next year, analysts expect that the company will post earnings of $2.03 per share, with EPS estimates ranging from $2.01 to $2.07. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow UDR.
UDR (NYSE:UDR) last issued its earnings results on Tuesday, February 6th. The real estate investment trust reported $0.48 earnings per share for the quarter, hitting the consensus estimate of $0.48. The company had revenue of $250.12 million during the quarter, compared to the consensus estimate of $250.37 million. UDR had a net margin of 12.21% and a return on equity of 4.53%. UDR’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.46 EPS.
Several research analysts have commented on UDR shares. BMO Capital Markets reissued a “hold” rating and set a $41.00 price objective on shares of UDR in a report on Monday, November 27th. Cantor Fitzgerald reissued an “overweight” rating and set a $40.00 price objective (down previously from $42.00) on shares of UDR in a report on Wednesday, February 21st. SunTrust Banks set a $39.00 price objective on shares of UDR and gave the company a “hold” rating in a report on Monday, January 22nd. Zacks Investment Research raised shares of UDR from a “sell” rating to a “hold” rating in a report on Friday, March 9th. Finally, Robert W. Baird reissued a “buy” rating and set a $40.00 price objective on shares of UDR in a report on Tuesday, January 9th. Eleven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $39.15.
UDR (UDR) traded up $0.29 on Friday, hitting $35.96. 2,117,426 shares of the company’s stock traded hands, compared to its average volume of 1,687,643. UDR has a twelve month low of $32.88 and a twelve month high of $40.71. The company has a market cap of $9,530.41, a P/E ratio of 83.63, a PEG ratio of 3.30 and a beta of 0.41. The company has a debt-to-equity ratio of 1.32, a current ratio of 4.93 and a quick ratio of 4.93.
Several hedge funds and other institutional investors have recently made changes to their positions in UDR. Jane Street Group LLC purchased a new stake in shares of UDR during the 4th quarter valued at about $223,000. Bbva Compass Bancshares Inc. purchased a new stake in shares of UDR during the 4th quarter valued at about $227,000. Fox Run Management L.L.C. raised its position in shares of UDR by 51.8% during the 4th quarter. Fox Run Management L.L.C. now owns 8,500 shares of the real estate investment trust’s stock valued at $327,000 after buying an additional 2,900 shares in the last quarter. Ackerman Capital Advisors LLC purchased a new stake in shares of UDR during the 4th quarter valued at about $382,000. Finally, WESCAP Management Group Inc. raised its position in shares of UDR by 55.1% during 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. Hedge funds and other institutional investors own 97.67% of the company’s stock.
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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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