Wall Street brokerages expect UDR, Inc. (NYSE:UDR) to announce $274.92 million in sales for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for UDR’s earnings, with estimates ranging from $269.53 million to $281.70 million. UDR posted sales of $256.63 million during the same quarter last year, which suggests a positive year-over-year growth rate of 7.1%. The business is scheduled to report its next earnings results after the market closes on Tuesday, July 30th.
On average, analysts expect that UDR will report full year sales of $1.10 billion for the current fiscal year, with estimates ranging from $1.08 billion to $1.12 billion. For the next financial year, analysts anticipate that the company will post sales of $1.14 billion, with estimates ranging from $1.11 billion to $1.18 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover UDR.
UDR (NYSE:UDR) last released its quarterly earnings results on Tuesday, April 30th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.42). The firm had revenue of $270.67 million during the quarter, compared to analysts’ expectations of $267.41 million. UDR had a return on equity of 5.38% and a net margin of 13.70%. UDR’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.30 earnings per share.
A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of HEXO from a “hold” rating to a “sell” rating in a report on Wednesday, May 15th. TheStreet lowered shares of UDR from a “b” rating to a “c” rating in a report on Tuesday, April 30th. BMO Capital Markets reissued a “hold” rating and set a $54.00 price objective on shares of Apartment Investment and Management in a report on Monday, March 25th. Finally, Barclays set a €45.00 ($52.33) price objective on shares of Zalando and gave the company a “buy” rating in a report on Tuesday, April 16th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. UDR presently has a consensus rating of “Hold” and an average target price of $44.20.
In related news, SVP Harry G. Alcock sold 20,000 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $44.25, for a total transaction of $885,000.00. Following the completion of the transaction, the senior vice president now owns 107,284 shares in the company, valued at approximately $4,747,317. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Tracy L. Hofmeister sold 1,500 shares of the company’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $44.09, for a total transaction of $66,135.00. Following the transaction, the chief accounting officer now owns 10,295 shares of the company’s stock, valued at approximately $453,906.55. The disclosure for this sale can be found here. In the last quarter, insiders sold 39,750 shares of company stock valued at $1,787,118. Insiders own 2.85% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cornerstone Advisors Inc. grew its stake in UDR by 66.8% during the 1st quarter. Cornerstone Advisors Inc. now owns 577 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 231 shares in the last quarter. Advisory Services Network LLC grew its stake in shares of UDR by 29.7% in the 4th quarter. Advisory Services Network LLC now owns 3,138 shares of the real estate investment trust’s stock valued at $124,000 after buying an additional 718 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of UDR in the 1st quarter valued at approximately $131,000. Marshall Wace LLP purchased a new stake in shares of UDR in the 1st quarter valued at approximately $157,000. Finally, Advisor Group Inc. grew its stake in shares of UDR by 20.5% in the 4th quarter. Advisor Group Inc. now owns 4,099 shares of the real estate investment trust’s stock valued at $162,000 after buying an additional 697 shares during the period. Hedge funds and other institutional investors own 97.69% of the company’s stock.
Shares of UDR traded down $0.90 during trading hours on Monday, reaching $45.43. 1,352,022 shares of the company traded hands, compared to its average volume of 1,506,948. The company has a market capitalization of $13.06 billion, a PE ratio of 23.18, a P/E/G ratio of 3.95 and a beta of 0.46. The company has a quick ratio of 6.64, a current ratio of 6.64 and a debt-to-equity ratio of 1.23. UDR has a 12-month low of $36.40 and a 12-month high of $47.11. The stock has a fifty day simple moving average of $45.82.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 10th will be given a $0.343 dividend. The ex-dividend date is Tuesday, July 9th. This represents a $1.37 dividend on an annualized basis and a dividend yield of 3.02%. UDR’s dividend payout ratio (DPR) is currently 69.90%.
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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