$0.57 Earnings Per Share Expected for UDR, Inc. (NYSE:UDR) This Quarter

Wall Street brokerages forecast that UDR, Inc. (NYSE:UDRGet Rating) will report $0.57 earnings per share for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for UDR’s earnings. The highest EPS estimate is $0.58 and the lowest is $0.54. UDR reported earnings of $0.49 per share during the same quarter last year, which would indicate a positive year over year growth rate of 16.3%. The business is expected to announce its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that UDR will report full-year earnings of $2.30 per share for the current year, with EPS estimates ranging from $2.26 to $2.31. For the next financial year, analysts expect that the company will report earnings of $2.49 per share, with EPS estimates ranging from $2.40 to $2.58. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for UDR.

UDR (NYSE:UDRGet Rating) last announced its earnings results on Tuesday, April 26th. The real estate investment trust reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.51). UDR had a net margin of 11.93% and a return on equity of 4.79%. During the same quarter last year, the firm earned $0.47 earnings per share.

Several equities research analysts recently commented on UDR shares. Barclays decreased their price objective on shares of UDR from $63.00 to $56.00 in a research report on Tuesday, May 10th. TheStreet downgraded shares of UDR from a “b-” rating to a “c+” rating in a research note on Tuesday, April 26th. Wolfe Research raised shares of UDR from a “peer perform” rating to an “outperform” rating in a research note on Tuesday, March 15th. Scotiabank dropped their target price on shares of UDR from $60.00 to $58.00 in a research report on Thursday. Finally, Mizuho decreased their price target on UDR from $61.00 to $60.00 and set a “buy” rating for the company in a report on Wednesday, February 16th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, UDR currently has a consensus rating of “Buy” and an average target price of $59.57.

Institutional investors have recently bought and sold shares of the business. Norges Bank bought a new stake in UDR in the fourth quarter valued at about $1,087,564,000. PGGM Investments boosted its position in shares of UDR by 1,523.5% during the fourth quarter. PGGM Investments now owns 7,066,821 shares of the real estate investment trust’s stock worth $423,939,000 after buying an additional 6,631,525 shares during the period. Capital World Investors acquired a new position in shares of UDR during the third quarter worth about $337,689,000. BlackRock Inc. boosted its position in UDR by 9.1% during the fourth quarter. BlackRock Inc. now owns 34,773,820 shares of the real estate investment trust’s stock valued at $2,086,082,000 after purchasing an additional 2,901,453 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in UDR by 4.9% during the first quarter. Vanguard Group Inc. now owns 50,627,965 shares of the real estate investment trust’s stock valued at $2,904,527,000 after purchasing an additional 2,353,851 shares during the last quarter. 96.39% of the stock is currently owned by institutional investors.

Shares of NYSE UDR traded up $0.30 during trading on Friday, hitting $46.58. 2,081,947 shares of the company were exchanged, compared to its average volume of 1,797,431. The company has a market cap of $14.83 billion, a price-to-earnings ratio of 91.34, a PEG ratio of 2.23 and a beta of 0.76. UDR has a 1 year low of $45.97 and a 1 year high of $61.06. The firm’s fifty day moving average price is $54.89 and its 200 day moving average price is $56.24. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.30 and a quick ratio of 0.30.

The business also recently declared a quarterly dividend, which was paid on Monday, May 2nd. Investors of record on Monday, April 11th were paid a $0.38 dividend. This is a positive change from UDR’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Friday, April 8th. This represents a $1.52 annualized dividend and a yield of 3.26%. UDR’s payout ratio is currently 298.05%.

UDR Company Profile (Get Rating)

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 communities in targeted U.S.

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Earnings History and Estimates for UDR (NYSE:UDR)

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