UDR (NYSE:UDR) issued an update on its FY19 earnings guidance on Monday morning. The company provided earnings per share guidance of $2.06-2.09 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.07. UDR also updated its Q3 guidance to $0.51-0.53 EPS.
A number of research firms have weighed in on UDR. Wells Fargo & Co lifted their price objective on UDR from $46.00 to $47.00 and gave the company a market perform rating in a report on Tuesday. TheStreet raised UDR from a c rating to a b- rating in a report on Tuesday, July 30th. Mizuho lifted their price objective on UDR from $51.00 to $52.00 and gave the company a buy rating in a report on Tuesday. ValuEngine downgraded UDR from a buy rating to a hold rating in a report on Tuesday, August 6th. Finally, Zacks Investment Research downgraded UDR from a buy rating to a hold rating in a report on Wednesday, May 15th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $45.08.
NYSE:UDR opened at $45.86 on Thursday. UDR has a 1 year low of $37.87 and a 1 year high of $47.73. The firm has a 50 day moving average price of $46.04. The company has a quick ratio of 6.43, a current ratio of 6.43 and a debt-to-equity ratio of 1.32. The company has a market capitalization of $13.55 billion, a PE ratio of 23.50, a P/E/G ratio of 4.04 and a beta of 0.47.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Wednesday, July 10th were given a $0.343 dividend. This represents a $1.37 annualized dividend and a yield of 2.99%. The ex-dividend date was Tuesday, July 9th. UDR’s dividend payout ratio (DPR) is presently 69.90%.
In related news, VP Warren L. Troupe sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $46.61, for a total value of $233,050.00. Following the completion of the transaction, the vice president now owns 490,761 shares in the company, valued at approximately $22,874,370.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Joseph D. Fisher sold 3,250 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $46.41, for a total transaction of $150,832.50. Following the completion of the transaction, the chief financial officer now owns 28,394 shares of the company’s stock, valued at approximately $1,317,765.54. The disclosure for this sale can be found here. Insiders sold a total of 18,250 shares of company stock valued at $835,983 in the last 90 days. 2.85% of the stock is currently owned by corporate insiders.
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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