UDR, Inc. (NYSE:UDR) Expected to Post Earnings of $0.54 Per Share

Wall Street brokerages expect that UDR, Inc. (NYSE:UDR) will post earnings per share (EPS) of $0.54 for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have issued estimates for UDR’s earnings, with estimates ranging from $0.53 to $0.54. UDR posted earnings of $0.50 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 8%. The business is expected to issue its next quarterly earnings results on Tuesday, February 11th.

According to Zacks, analysts expect that UDR will report full year earnings of $2.08 per share for the current fiscal year, with EPS estimates ranging from $2.08 to $2.09. For the next year, analysts anticipate that the business will report earnings of $2.21 per share, with EPS estimates ranging from $2.14 to $2.26. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow UDR.

UDR (NYSE:UDR) last released its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.52 by ($0.43). UDR had a return on equity of 5.51% and a net margin of 15.20%. The firm had revenue of $295.40 million during the quarter, compared to analysts’ expectations of $285.45 million. During the same period in the prior year, the business earned $0.07 earnings per share. The business’s quarterly revenue was up 11.0% compared to the same quarter last year.

A number of research firms have issued reports on UDR. Wells Fargo & Co raised their target price on UDR from $46.00 to $47.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 13th. Goldman Sachs Group began coverage on UDR in a research report on Friday, November 8th. They issued a “neutral” rating and a $53.00 target price for the company. Morgan Stanley raised their target price on UDR from $48.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Friday, September 6th. TheStreet downgraded UDR from a “b-” rating to a “c+” rating in a research report on Friday, November 15th. Finally, Capital One Financial raised UDR from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $45.00 to $50.00 in a research report on Monday, September 16th. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. UDR presently has an average rating of “Hold” and a consensus price target of $50.44.

In other news, SVP Harry G. Alcock sold 10,000 shares of the firm’s stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $48.54, for a total value of $485,400.00. Following the completion of the transaction, the senior vice president now directly owns 87,284 shares of the company’s stock, valued at $4,236,765.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Thomas W. Toomey sold 40,000 shares of the firm’s stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $48.61, for a total value of $1,944,400.00. Following the completion of the transaction, the chief executive officer now directly owns 1,642,826 shares of the company’s stock, valued at $79,857,771.86. The disclosure for this sale can be found here. Insiders sold 80,000 shares of company stock valued at $3,885,200 over the last ninety days. Corporate insiders own 2.85% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Wells Fargo & Company MN boosted its holdings in shares of UDR by 11.6% in the second quarter. Wells Fargo & Company MN now owns 469,292 shares of the real estate investment trust’s stock worth $21,066,000 after acquiring an additional 48,728 shares during the period. State of Alaska Department of Revenue boosted its holdings in shares of UDR by 16.8% in the second quarter. State of Alaska Department of Revenue now owns 174,936 shares of the real estate investment trust’s stock worth $7,851,000 after acquiring an additional 25,162 shares during the period. Virtu Financial LLC bought a new position in shares of UDR in the third quarter worth $827,000. Public Employees Retirement System of Ohio boosted its holdings in shares of UDR by 3.7% in the third quarter. Public Employees Retirement System of Ohio now owns 407,242 shares of the real estate investment trust’s stock worth $19,743,000 after acquiring an additional 14,628 shares during the period. Finally, Sunbelt Securities Inc. bought a new position in shares of UDR in the third quarter worth $475,000. 96.12% of the stock is owned by hedge funds and other institutional investors.

NYSE:UDR traded up $0.36 during trading hours on Wednesday, reaching $47.48. The stock had a trading volume of 1,349,524 shares, compared to its average volume of 1,480,424. The company has a debt-to-equity ratio of 1.22, a quick ratio of 5.99 and a current ratio of 5.99. The stock has a 50 day simple moving average of $48.59 and a 200 day simple moving average of $47.18. UDR has a 12-month low of $38.14 and a 12-month high of $50.61. The stock has a market cap of $14.08 billion, a P/E ratio of 24.22, a price-to-earnings-growth ratio of 3.60 and a beta of 0.38.

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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