UDR (NYSE:UDR) Releases FY19 Earnings Guidance

UDR (NYSE:UDR) issued an update on its FY19 earnings guidance on Monday morning. The company provided earnings per share guidance of $2.06-2.09 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.07. UDR also updated its Q3 guidance to $0.51-0.53 EPS.

Shares of NYSE:UDR opened at $46.56 on Wednesday. The business’s 50-day simple moving average is $46.03. The company has a quick ratio of 6.43, a current ratio of 6.43 and a debt-to-equity ratio of 1.32. UDR has a one year low of $37.87 and a one year high of $47.73. The company has a market cap of $13.44 billion, a PE ratio of 23.76, a PEG ratio of 3.99 and a beta of 0.47.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 10th were given a dividend of $0.343 per share. The ex-dividend date was Tuesday, July 9th. This represents a $1.37 annualized dividend and a yield of 2.95%. UDR’s dividend payout ratio (DPR) is presently 69.90%.

Several equities research analysts have commented on UDR shares. Wells Fargo & Co boosted their price target on shares of UDR from $46.00 to $47.00 and gave the stock a market perform rating in a research report on Tuesday. TheStreet raised shares of UDR from a c rating to a b- rating in a research report on Tuesday, July 30th. ValuEngine cut shares of UDR from a buy rating to a hold rating in a research report on Tuesday, August 6th. Mizuho boosted their price target on shares of UDR from $51.00 to $52.00 and gave the stock a buy rating in a research report on Tuesday. Finally, Barclays reissued a hold rating and set a $46.00 price target on shares of UDR in a research report on Tuesday, April 16th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $45.08.

In other news, VP Warren L. Troupe sold 5,000 shares of the business’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $46.61, for a total transaction of $233,050.00. Following the transaction, the vice president now directly owns 490,761 shares in the company, valued at approximately $22,874,370.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Joseph D. Fisher sold 3,250 shares of the business’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $46.41, for a total transaction of $150,832.50. Following the transaction, the chief financial officer now owns 28,394 shares in the company, valued at $1,317,765.54. The disclosure for this sale can be found here. Insiders have sold a total of 18,250 shares of company stock worth $835,983 over the last 90 days. 2.85% of the stock is owned by company insiders.

About UDR

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.

Featured Story: What is the Moving Average Convergence Divergence (MACD) oscillator?

Earnings History and Estimates for UDR (NYSE:UDR)

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.