Capital One Financial Weighs in on UDR, Inc.’s FY2018 Earnings (UDR)

UDR, Inc. (NYSE:UDR) – Equities researchers at Capital One Financial issued their FY2018 EPS estimates for UDR in a report issued on Sunday, November 18th. Capital One Financial analyst D. Bernstein anticipates that the real estate investment trust will post earnings per share of $1.93 for the year. Capital One Financial has a “Equal Weight” rating and a $43.00 price target 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 has been the subject of several other reports. Societe Generale started coverage on shares of UDR in a report on Tuesday, October 16th. They issued a “sell” rating for the company. Stifel Nicolaus lifted their price target on shares of UDR from $40.00 to $43.00 and gave the company a “buy” rating in a report on Tuesday, September 25th. ValuEngine raised shares of UDR from a “hold” rating to a “buy” rating in a report on Tuesday, November 13th. Robert W. Baird lowered shares of UDR from an “outperform” rating to a “neutral” rating and set a $42.00 price target for the company. in a report on Tuesday. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $41.00 price target on shares of UDR in a report on Tuesday. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $40.00.

NYSE UDR opened at $41.17 on Wednesday. UDR has a one year low of $32.88 and a one year high of $41.64. The company has a quick ratio of 5.97, a current ratio of 5.97 and a debt-to-equity ratio of 1.49. The stock has a market capitalization of $11.09 billion, a PE ratio of 22.02, a price-to-earnings-growth ratio of 3.52 and a beta of 0.32.

UDR (NYSE:UDR) last posted its quarterly earnings results on Monday, October 29th. The real estate investment trust reported $0.07 EPS 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 business had revenue of $266.10 million during the quarter, compared to analyst estimates of $258.90 million. During the same period in the previous year, the business posted $0.06 EPS. The company’s quarterly revenue was up 6.0% on a year-over-year basis.

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 31st. Shareholders of record on Wednesday, October 10th were paid a dividend of $0.3323 per share. This represents a $1.33 dividend on an annualized basis and a yield of 3.23%. This is a positive change from UDR’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Tuesday, October 9th. UDR’s payout ratio is presently 68.98%.

In other UDR news, CEO Thomas W. Toomey sold 40,000 shares of the business’s stock in a transaction dated Wednesday, November 14th. The shares were sold at an average price of $41.20, for a total transaction of $1,648,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,746,826 shares of the company’s stock, valued at approximately $71,969,231.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Warren L. Troupe sold 10,000 shares of the business’s stock in a transaction dated Monday, November 12th. The shares were sold at an average price of $41.29, for a total transaction of $412,900.00. The disclosure for this sale can be found here. Insiders have sold a total of 74,773 shares of company stock valued at $3,062,629 over the last three months. 3.16% of the stock is currently owned by company insiders.

Large investors have recently modified their holdings of the company. Piedmont Investment Advisors LLC acquired a new stake in shares of UDR in the 2nd quarter worth approximately $118,000. Point72 Hong Kong Ltd lifted its stake in shares of UDR by 1,406.2% in the 2nd quarter. Point72 Hong Kong Ltd now owns 3,886 shares of the real estate investment trust’s stock worth $146,000 after acquiring an additional 3,628 shares during the period. C M Bidwell & Associates Ltd. acquired a new stake in shares of UDR in the 3rd quarter worth approximately $186,000. Lourd Capital LLC acquired a new stake in shares of UDR in the 3rd quarter worth approximately $217,000. Finally, CAPROCK Group Inc. acquired a new stake in shares of UDR in the 3rd quarter worth approximately $219,000. 96.13% of the stock is owned by institutional investors.

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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Earnings History and Estimates for UDR (NYSE:UDR)

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