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%.
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.
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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