UDR, Inc. (NYSE:UDR) – Jefferies Financial Group cut their Q3 2019 earnings estimates for shares of UDR in a research note issued on Monday, May 13th. Jefferies Financial Group analyst O. Okusanya now expects that the real estate investment trust will post earnings of $0.51 per share for the quarter, down from their previous forecast of $0.52. Jefferies Financial Group also issued estimates for UDR’s FY2019 earnings at $2.06 EPS and FY2021 earnings at $2.33 EPS.
UDR (NYSE:UDR) last announced its earnings results on Tuesday, April 30th. The real estate investment trust reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.42). UDR had a net margin of 13.70% and a return on equity of 5.38%. The business had revenue of $270.67 million for the quarter, compared to analysts’ expectations of $267.41 million. During the same period in the prior year, the company posted $0.30 earnings per share. The firm’s quarterly revenue was up 6.9% on a year-over-year basis.
Shares of UDR stock opened at $44.36 on Tuesday. UDR has a 12 month low of $34.48 and a 12 month high of $45.92. The company has a market cap of $12.32 billion, a price-to-earnings ratio of 22.63, a price-to-earnings-growth ratio of 3.79 and a beta of 0.54. The company has a debt-to-equity ratio of 1.23, a current ratio of 6.64 and a quick ratio of 6.64.
Several hedge funds and other institutional investors have recently made changes to their positions in UDR. Cohen & Steers Inc. boosted its position in shares of UDR by 3.8% during the fourth quarter. Cohen & Steers Inc. now owns 44,224,930 shares of the real estate investment trust’s stock worth $1,752,192,000 after acquiring an additional 1,619,197 shares during the last quarter. Vanguard Group Inc boosted its position in shares of UDR by 0.3% during the third quarter. Vanguard Group Inc now owns 43,516,477 shares of the real estate investment trust’s stock worth $1,759,370,000 after acquiring an additional 135,997 shares during the last quarter. BlackRock Inc. boosted its position in shares of UDR by 4.4% during the first quarter. BlackRock Inc. now owns 32,101,918 shares of the real estate investment trust’s stock worth $1,459,352,000 after acquiring an additional 1,364,241 shares during the last quarter. FMR LLC boosted its position in shares of UDR by 6.5% during the fourth quarter. FMR LLC now owns 15,696,931 shares of the real estate investment trust’s stock worth $621,912,000 after acquiring an additional 958,499 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of UDR by 5.4% during the first quarter. Geode Capital Management LLC now owns 4,816,991 shares of the real estate investment trust’s stock worth $218,678,000 after acquiring an additional 244,700 shares during the last quarter. 97.89% of the stock is owned by hedge funds and other institutional investors.
In other news, CAO Tracy L. Hofmeister sold 1,500 shares of the stock in a transaction on Friday, May 10th. The shares were sold at an average price of $44.09, for a total value of $66,135.00. Following the completion of the sale, the chief accounting officer now directly owns 10,295 shares of the company’s stock, valued at $453,906.55. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Warren L. Troupe sold 50,000 shares of the stock in a transaction on Friday, February 15th. The stock was sold at an average price of $44.66, for a total transaction of $2,233,000.00. Following the completion of the sale, the vice president now directly owns 495,761 shares of the company’s stock, valued at $22,140,686.26. The disclosure for this sale can be found here. Over the last three months, insiders sold 145,789 shares of company stock valued at $6,537,611. Corporate insiders own 2.85% of the company’s stock.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 9th were paid a $0.3425 dividend. The ex-dividend date was Monday, April 8th. This is a boost from UDR’s previous quarterly dividend of $0.32. This represents a $1.37 dividend on an annualized basis and a dividend yield of 3.09%. UDR’s dividend payout ratio is 69.90%.
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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