Capital One Financial Comments on UDR, Inc.’s FY2018 Earnings (UDR)
UDR, Inc. (NYSE:UDR) – Research analysts at Capital One Financial issued their FY2018 earnings per share (EPS) estimates for UDR in a research report issued to clients and investors on Sunday, November 18th. Capital One Financial analyst D. Bernstein anticipates that the real estate investment trust will earn $1.93 per share for the year. Capital One Financial currently has a “Equal Weight” rating and a $43.00 price objective on the stock. Capital One Financial also issued estimates for UDR’s Q4 2018 earnings at $0.49 EPS, Q1 2019 earnings at $0.49 EPS, Q2 2019 earnings at $0.51 EPS, Q3 2019 earnings at $0.52 EPS, Q4 2019 earnings at $0.52 EPS and FY2019 earnings at $2.04 EPS.
UDR (NYSE:UDR) last issued its quarterly earnings data on Monday, October 29th. The real estate investment trust reported $0.07 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.07. UDR had a net margin of 18.43% and a return on equity of 7.09%. The company had revenue of $266.10 million for the quarter, compared to analyst estimates of $258.90 million. During the same period in the prior year, the firm earned $0.06 earnings per share. The company’s revenue was up 6.0% on a year-over-year basis.
UDR stock opened at $41.17 on Wednesday. The company has a debt-to-equity ratio of 1.49, a quick ratio of 5.97 and a current ratio of 5.97. UDR has a 52 week low of $32.88 and a 52 week high of $41.64. The stock has a market capitalization of $11.12 billion, a P/E ratio of 22.02, a price-to-earnings-growth ratio of 3.53 and a beta of 0.32.
The business also recently declared a quarterly dividend, which was paid on Wednesday, October 31st. Stockholders of record on Wednesday, October 10th were given a dividend of $0.3323 per share. The ex-dividend date was Tuesday, October 9th. This is a boost from UDR’s previous quarterly dividend of $0.32. This represents a $1.33 annualized dividend and a dividend yield of 3.23%. UDR’s dividend payout ratio is currently 68.98%.
In other news, SVP Harry G. Alcock sold 10,000 shares of the company’s stock in a transaction dated Thursday, September 13th. The stock was sold at an average price of $40.45, for a total transaction of $404,500.00. Following the sale, the senior vice president now directly owns 126,123 shares in the company, valued at $5,101,675.35. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Lynne B. Sagalyn sold 4,773 shares of the company’s stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $40.40, for a total value of $192,829.20. Following the sale, the director now owns 87,176 shares in the company, valued at $3,521,910.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 74,773 shares of company stock worth $3,062,629. Company insiders own 3.16% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Advisors Asset Management Inc. grew its holdings in shares of UDR by 499.0% during the second quarter. Advisors Asset Management Inc. now owns 359,568 shares of the real estate investment trust’s stock worth $2,276,000 after purchasing an additional 299,543 shares in the last quarter. Vident Investment Advisory LLC boosted its stake in UDR by 210.8% in the second quarter. Vident Investment Advisory LLC now owns 29,367 shares of the real estate investment trust’s stock worth $1,102,000 after buying an additional 19,918 shares in the last quarter. Van ECK Associates Corp purchased a new stake in UDR in the second quarter worth approximately $2,094,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in UDR by 3.0% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 86,849 shares of the real estate investment trust’s stock worth $3,260,000 after buying an additional 2,566 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its stake in UDR by 8.8% in the second quarter. Canada Pension Plan Investment Board now owns 765,566 shares of the real estate investment trust’s stock worth $28,739,000 after buying an additional 62,000 shares in the last quarter. 96.13% of the stock is owned by institutional investors.
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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