News headlines about UDR (NYSE:UDR) have been trending somewhat positive on Friday, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. UDR earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave media headlines about the real estate investment trust an impact score of 46.2678997577115 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
NYSE:UDR traded up $0.20 on Friday, reaching $37.81. 53,102 shares of the company’s stock traded hands, compared to its average volume of 1,584,195. The stock has a market cap of $9.99 billion, a PE ratio of 20.15, a P/E/G ratio of 3.24 and a beta of 0.38. The company has a quick ratio of 5.83, a current ratio of 5.83 and a debt-to-equity ratio of 1.30. UDR has a 12 month low of $32.88 and a 12 month high of $40.33.
UDR (NYSE:UDR) last issued its quarterly earnings data on Wednesday, April 25th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.17). The firm had revenue of $253.31 million for 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 company’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.45 EPS. sell-side analysts anticipate that UDR will post 1.93 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 31st. Stockholders of record on Tuesday, July 10th will be given a dividend of $0.3225 per share. The ex-dividend date is Monday, July 9th. This represents a $1.29 dividend on an annualized basis and a dividend yield of 3.41%. UDR’s payout ratio is 68.98%.
A number of equities analysts recently commented on the company. Jefferies Financial Group assumed coverage on UDR in a report on Monday, June 11th. They issued a “hold” rating and a $38.00 target price on the stock. ValuEngine raised UDR from a “sell” rating to a “hold” rating in a report on Tuesday, June 26th. Bank of America raised their price target on UDR from $41.00 to $42.00 and gave the company a “buy” rating in a report on Friday, June 8th. Stifel Nicolaus raised UDR from a “hold” rating to a “buy” rating and raised their price target for the company from $38.00 to $40.00 in a report on Thursday, May 31st. Finally, UBS Group cut UDR from a “buy” rating to a “neutral” rating and set a $38.00 price target on the stock. in a report on Monday, March 19th. Twelve investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. UDR presently has an average rating of “Hold” and a consensus price target of $39.17.
In other news, CEO Thomas W. Toomey sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, May 1st. The stock was sold at an average price of $36.00, for a total transaction of $1,080,000.00. Following the completion of the transaction, the chief executive officer now owns 1,119,390 shares in the company, valued at $40,298,040. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 3.16% of the company’s stock.
UDR Company Profile
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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