Brokerages Anticipate UDR, Inc. (UDR) to Post $0.49 EPS

Wall Street brokerages predict that UDR, Inc. (NYSE:UDR) will post $0.49 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have made estimates for UDR’s earnings. The highest EPS estimate is $0.51 and the lowest is $0.48. UDR posted earnings of $0.48 per share in the same quarter last year, which would suggest a positive year over year growth rate of 2.1%. The firm is expected to issue its next earnings results after the market closes on Tuesday, February 12th.

On average, analysts expect that UDR will report full-year earnings of $1.94 per share for the current year, with EPS estimates ranging from $1.92 to $1.95. For the next fiscal year, analysts anticipate that the business will post earnings of $2.06 per share, with EPS estimates ranging from $2.03 to $2.10. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that follow UDR.

UDR (NYSE:UDR) last posted its quarterly earnings results on Monday, October 29th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.07. The company had revenue of $266.10 million for the quarter, compared to analyst estimates of $258.90 million. UDR had a return on equity of 7.09% and a net margin of 18.43%. UDR’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.06 EPS.



UDR has been the subject of a number of recent analyst reports. Evercore ISI downgraded UDR from an “in-line” rating to an “underperform” rating in a research report on Sunday, October 21st. Capital One Financial began coverage on UDR in a research note on Monday, November 19th. They set an “equal weight” rating and a $43.00 price objective on the stock. Zacks Investment Research cut UDR from a “buy” rating to a “hold” rating in a research note on Thursday, November 29th. ValuEngine upgraded UDR from a “hold” rating to a “buy” rating in a research note on Tuesday, November 13th. Finally, Robert W. Baird cut UDR from an “outperform” rating to a “neutral” rating in a research note on Monday, November 26th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $40.93.

In other UDR news, VP Warren L. Troupe sold 10,000 shares of the stock in a transaction on Monday, November 12th. The stock was sold at an average price of $41.29, for a total transaction of $412,900.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lynne B. Sagalyn sold 5,000 shares of the stock in a transaction on Tuesday, December 11th. The shares were sold at an average price of $42.58, for a total value of $212,900.00. Following the transaction, the director now directly owns 82,176 shares of the company’s stock, valued at $3,499,054.08. The disclosure for this sale can be found here. Insiders have sold 75,000 shares of company stock valued at $3,078,400 over the last ninety days. Corporate insiders own 3.16% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of UDR. FMR LLC lifted its position in shares of UDR by 3.4% during the 2nd quarter. FMR LLC now owns 16,025,171 shares of the real estate investment trust’s stock valued at $601,586,000 after acquiring an additional 528,079 shares during the last quarter. Commerzbank Aktiengesellschaft FI acquired a new stake in shares of UDR during the 2nd quarter valued at $242,000. Korea Investment CORP lifted its position in shares of UDR by 298.9% during the 2nd quarter. Korea Investment CORP now owns 99,023 shares of the real estate investment trust’s stock valued at $3,717,000 after acquiring an additional 74,200 shares during the last quarter. Oregon Public Employees Retirement Fund acquired a new stake in shares of UDR during the 2nd quarter valued at $1,101,000. Finally, Van ECK Associates Corp acquired a new stake in shares of UDR during the 2nd quarter valued at $2,094,000. 97.48% of the stock is owned by hedge funds and other institutional investors.

Shares of UDR stock opened at $40.15 on Friday. The company has a current ratio of 5.97, a quick ratio of 5.97 and a debt-to-equity ratio of 1.49. The company has a market capitalization of $10.50 billion, a price-to-earnings ratio of 21.47, a P/E/G ratio of 3.29 and a beta of 0.46. UDR has a twelve month low of $32.88 and a twelve month high of $42.98.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 31st. Shareholders of record on Thursday, January 10th will be paid a dividend of $0.3225 per share. This represents a $1.29 annualized dividend and a yield of 3.21%. The ex-dividend date is Wednesday, January 9th. UDR’s payout ratio is currently 68.98%.

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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