UDR Inc. (NYSE:UDR) – Equities researchers at KeyCorp reduced their FY2017 earnings per share (EPS) estimates for shares of UDR in a note issued to investors on Monday. KeyCorp analyst A. Wurschmidt now expects that the firm will earn $1.83 per share for the year, down from their prior estimate of $1.89.

UDR (NYSE:UDR) last posted its quarterly earnings results on Tuesday, October 25th. The real estate investment trust reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01. The business earned $243.25 million during the quarter, compared to analysts’ expectations of $239.85 million. UDR had a net margin of 22.79% and a return on equity of 7.52%. The business’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period last year, the company posted $0.42 earnings per share. COPYRIGHT VIOLATION WARNING: “FY2017 EPS Estimates for UDR Inc. Lowered by KeyCorp (UDR)” was originally published by Daily Political and is the propert of of Daily Political. If you are reading this piece of content on another website, it was illegally stolen and republished in violation of United States and international copyright and trademark legislation. The correct version of this piece of content can be read at http://www.dailypolitical.com/2016/11/29/fy2017-eps-estimates-for-udr-inc-lowered-by-keycorp-udr.html.

Earnings History and Estimates for UDR (NYSE:UDR)

UDR has been the subject of a number of other reports. Citigroup Inc. boosted their price objective on shares of UDR from $37.00 to $38.00 and gave the stock a “neutral” rating in a report on Tuesday, August 2nd. Mizuho upgraded shares of UDR from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $37.00 to $41.00 in a report on Monday, August 1st. BMO Capital Markets lowered shares of UDR from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $38.00 to $35.00 in a report on Tuesday, October 25th. Zacks Investment Research upgraded shares of UDR from a “sell” rating to a “hold” rating in a report on Friday, August 5th. Finally, BTIG Research began coverage on shares of UDR in a report on Thursday, August 25th. They issued a “buy” rating and a $42.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. UDR presently has a consensus rating of “Hold” and a consensus price target of $38.46.

UDR (NYSE:UDR) traded up 0.425% during midday trading on Tuesday, reaching $34.235. 781,583 shares of the company’s stock were exchanged. UDR has a 12-month low of $32.79 and a 12-month high of $38.61. The company has a market cap of $9.15 billion, a price-to-earnings ratio of 41.447 and a beta of 0.39. The firm has a 50-day moving average price of $33.96 and a 200 day moving average price of $35.42.

The firm also recently announced a quarterly dividend, which was paid on Monday, October 31st. Stockholders of record on Tuesday, October 11th were given a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date of this dividend was Thursday, October 6th. UDR’s dividend payout ratio is presently 145.68%.

In other UDR news, Director Clinton D. Mcdonnough bought 3,000 shares of UDR stock in a transaction dated Friday, September 9th. The shares were purchased at an average cost of $34.54 per share, with a total value of $103,620.00. Following the transaction, the director now directly owns 7,000 shares of the company’s stock, valued at $241,780. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Warren L. Troupe sold 15,000 shares of the company’s stock in a transaction dated Wednesday, September 28th. The stock was sold at an average price of $36.70, for a total transaction of $550,500.00. Following the completion of the sale, the vice president now directly owns 562,903 shares in the company, valued at $20,658,540.10. The disclosure for this sale can be found here. 2.79% of the stock is currently owned by insiders.

COPYRIGHT VIOLATION WARNING: “FY2017 EPS Estimates for UDR Inc. Lowered by KeyCorp (UDR)” was originally published by Daily Political and is the propert of of Daily Political. If you are reading this piece of content on another website, it was illegally stolen and republished in violation of United States and international copyright and trademark legislation. The correct version of this piece of content can be read at http://www.dailypolitical.com/2016/11/29/fy2017-eps-estimates-for-udr-inc-lowered-by-keycorp-udr.html.

Several hedge funds have recently added to or reduced their stakes in the company. Sumitomo Mitsui Asset Management Company LTD increased its stake in shares of UDR by 0.5% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 30,966 shares of the real estate investment trust’s stock valued at $1,114,000 after buying an additional 152 shares during the period. Mn Services Vermogensbeheer B.V. increased its stake in shares of UDR by 2.6% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 6,659 shares of the real estate investment trust’s stock valued at $221,000 after buying an additional 166 shares during the period. Hartford Investment Management Co. increased its stake in shares of UDR by 0.3% in the second quarter. Hartford Investment Management Co. now owns 65,551 shares of the real estate investment trust’s stock valued at $2,420,000 after buying an additional 174 shares during the period. Stifel Financial Corp increased its stake in shares of UDR by 0.8% in the second quarter. Stifel Financial Corp now owns 22,312 shares of the real estate investment trust’s stock valued at $823,000 after buying an additional 176 shares during the period. Finally, Utah Retirement Systems increased its stake in shares of UDR by 0.3% in the third quarter. Utah Retirement Systems now owns 57,843 shares of the real estate investment trust’s stock valued at $2,081,000 after buying an additional 200 shares during the period. 99.55% of the stock is currently owned by hedge funds and other institutional investors.

UDR Company Profile

UDR, Inc is a real estate investment trust. The Company owns, operates, acquires, renovates, develops, redevelops and manages multifamily apartment communities generally located in various markets across the United States. The Company operates through two segments: Same-Store Communities and Non-Mature Communities/Other.

5 Day Chart for NYSE:UDR

Receive News & Ratings for UDR Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UDR Inc. and related companies with MarketBeat.com's FREE daily email newsletter.