UDR (UDR) Posts Quarterly Earnings Results, Meets Expectations
UDR (NYSE:UDR) announced its earnings results on Tuesday. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.48, Bloomberg Earnings reports. UDR had a return on equity of 4.49% and a net margin of 12.21%. The firm had revenue of $250.12 million during the quarter, compared to analyst estimates of $250.37 million. During the same period last year, the firm posted $0.46 EPS. The business’s revenue was up 4.2% compared to the same quarter last year. UDR updated its FY17 guidance to $1.91-1.95 EPS.
Shares of UDR (UDR) traded down $0.88 on Thursday, reaching $32.92. The company had a trading volume of 2,970,092 shares, compared to its average volume of 1,660,411. UDR has a 52 week low of $32.91 and a 52 week high of $40.71. The stock has a market cap of $9,186.71, a price-to-earnings ratio of 76.56, a P/E/G ratio of 2.93 and a beta of 0.33. The company has a current ratio of 5.45, a quick ratio of 5.45 and a debt-to-equity ratio of 1.31.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Wednesday, January 10th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 3.77%. The ex-dividend date of this dividend was Tuesday, January 9th. UDR’s dividend payout ratio (DPR) is currently 288.37%.
In related news, CEO Thomas W. Toomey sold 20,000 shares of UDR stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $39.20, for a total value of $784,000.00. Following the completion of the sale, the chief executive officer now owns 1,127,925 shares of the company’s stock, valued at approximately $44,214,660. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 3.07% of the company’s stock.
WARNING: This report was published by Daily Political and is owned by of Daily Political. If you are reading this report on another domain, it was illegally copied and reposted in violation of U.S. and international copyright and trademark law. The legal version of this report can be read at https://www.dailypolitical.com/2018/02/08/udr-udr-releases-quarterly-earnings-results-beats-estimates-by-0-39-eps.html.
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.
Receive News & Ratings for UDR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UDR and related companies with MarketBeat.com's FREE daily email newsletter.