$316.43 Million in Sales Expected for UDR, Inc. (NYSE:UDR) This Quarter

Equities analysts expect that UDR, Inc. (NYSE:UDR) will report sales of $316.43 million for the current fiscal quarter, according to Zacks. Eight analysts have made estimates for UDR’s earnings. The lowest sales estimate is $308.18 million and the highest is $321.36 million. UDR posted sales of $281.31 million during the same quarter last year, which suggests a positive year over year growth rate of 12.5%. The company is scheduled to report its next earnings report on Tuesday, August 4th.

On average, analysts expect that UDR will report full-year sales of $1.26 billion for the current year, with estimates ranging from $1.22 billion to $1.29 billion. For the next year, analysts anticipate that the business will report sales of $1.28 billion, with estimates ranging from $1.21 billion to $1.35 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover UDR.

UDR (NYSE:UDR) last released its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.53). The firm had revenue of $321.48 million for the quarter, compared to the consensus estimate of $310.30 million. UDR had a return on equity of 4.98% and a net margin of 13.80%. The business’s revenue for the quarter was up 18.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.51 earnings per share.

UDR has been the topic of several analyst reports. Mizuho upgraded UDR from a “neutral” rating to a “buy” rating and upped their target price for the company from $33.00 to $40.00 in a report on Tuesday, May 19th. Piper Sandler upped their target price on UDR from $35.00 to $38.00 and gave the company a “neutral” rating in a report on Tuesday, May 26th. Citigroup cut UDR from a “buy” rating to a “neutral” rating and reduced their target price for the company from $54.00 to $37.00 in a report on Tuesday, April 7th. Evercore ISI upgraded UDR from an “underperform” rating to an “in-line” rating and upped their target price for the company from $38.00 to $41.00 in a report on Monday, May 11th. Finally, Zelman & Associates upgraded UDR from a “sell” rating to a “hold” rating in a report on Monday, May 18th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company’s stock. UDR presently has a consensus rating of “Hold” and an average target price of $45.00.

Shares of NYSE:UDR traded down $0.40 during midday trading on Monday, hitting $36.39. 2,616,539 shares of the stock were exchanged, compared to its average volume of 2,409,738. The stock has a market capitalization of $10.85 billion, a price-to-earnings ratio of 66.16, a P/E/G ratio of 2.94 and a beta of 0.63. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.19 and a current ratio of 1.19. The business’s 50-day moving average price is $37.61 and its 200 day moving average price is $42.16. UDR has a 12 month low of $29.20 and a 12 month high of $51.25.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 10th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 3.96%. The ex-dividend date is Thursday, July 9th. UDR’s dividend payout ratio (DPR) is presently 69.23%.

In other news, COO Jerry A. Davis sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, April 9th. The stock was sold at an average price of $40.00, for a total transaction of $400,000.00. Following the transaction, the chief operating officer now directly owns 170,497 shares of the company’s stock, valued at $6,819,880. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Thomas W. Toomey sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $40.73, for a total value of $1,221,900.00. Following the transaction, the chief executive officer now directly owns 1,501,226 shares in the company, valued at $61,144,934.98. The disclosure for this sale can be found here. Insiders have sold 50,000 shares of company stock worth $2,046,900 over the last ninety days. 2.69% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CSat Investment Advisory L.P. raised its position in UDR by 25.1% in the 4th quarter. CSat Investment Advisory L.P. now owns 1,280 shares of the real estate investment trust’s stock valued at $60,000 after buying an additional 257 shares during the last quarter. Meeder Asset Management Inc. raised its position in UDR by 1.7% in the 4th quarter. Meeder Asset Management Inc. now owns 23,019 shares of the real estate investment trust’s stock valued at $1,075,000 after buying an additional 390 shares during the last quarter. Aviva PLC grew its stake in UDR by 0.4% in the 4th quarter. Aviva PLC now owns 101,569 shares of the real estate investment trust’s stock valued at $4,743,000 after purchasing an additional 414 shares during the period. First Horizon Advisors Inc. grew its stake in UDR by 60.9% in the 1st quarter. First Horizon Advisors Inc. now owns 1,107 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 419 shares during the period. Finally, KCM Investment Advisors LLC grew its stake in UDR by 4.6% in the 4th quarter. KCM Investment Advisors LLC now owns 9,702 shares of the real estate investment trust’s stock valued at $453,000 after purchasing an additional 430 shares during the period. 99.36% of the stock is owned by institutional investors and hedge funds.

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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