UDR (UDR) to Release Quarterly Earnings on Monday

UDR (NYSE:UDR) is scheduled to be releasing its earnings data after the market closes on Monday, October 29th. Analysts expect UDR to post earnings of $0.49 per share for the quarter.

UDR stock opened at $38.95 on Friday. UDR has a one year low of $32.88 and a one year high of $41.04. The company has a debt-to-equity ratio of 1.38, a current ratio of 6.03 and a quick ratio of 6.03. The firm has a market capitalization of $10.67 billion, a price-to-earnings ratio of 20.83, a price-to-earnings-growth ratio of 3.36 and a beta of 0.33.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 31st. Shareholders of record on Wednesday, October 10th will be issued a $0.3323 dividend. The ex-dividend date of this dividend is Tuesday, October 9th. This represents a $1.33 dividend on an annualized basis and a yield of 3.41%. This is an increase from UDR’s previous quarterly dividend of $0.32. UDR’s dividend payout ratio (DPR) is 68.98%.

A number of research firms have commented on UDR. Stifel Nicolaus raised their target price on UDR from $40.00 to $43.00 and gave the company a “buy” rating in a report on Tuesday, September 25th. Robert W. Baird reaffirmed a “buy” rating and set a $40.00 price target on shares of UDR in a research note on Thursday, August 16th. ValuEngine raised UDR from a “hold” rating to a “buy” rating in a research note on Wednesday. Evercore ISI downgraded UDR from an “in-line” rating to an “underperform” rating in a research note on Sunday, October 21st. Finally, Royal Bank of Canada lifted their price target on UDR from $39.00 to $40.00 and gave the stock a “sector perform” rating in a research note on Friday, August 10th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. UDR has a consensus rating of “Hold” and an average target price of $39.50.

In related news, Director Lynne B. Sagalyn sold 4,773 shares of UDR stock in a transaction dated Monday, September 17th. The stock was sold at an average price of $40.40, for a total transaction of $192,829.20. Following the completion of the sale, the director now owns 87,176 shares in the company, valued at approximately $3,521,910.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jerry A. Davis sold 10,000 shares of UDR stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $40.44, for a total value of $404,400.00. Following the sale, the insider now owns 224,669 shares of the company’s stock, valued at approximately $9,085,614.36. The disclosure for this sale can be found here. Insiders have sold a total of 114,773 shares of company stock valued at $4,545,229 in the last ninety days. Corporate insiders own 3.16% of the company’s stock.

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 for UDR (NYSE:UDR)

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