UDR (UDR) Scheduled to Post Earnings on Tuesday

UDR (NYSE:UDR) is scheduled to release its earnings data after the market closes on Tuesday, April 30th. Analysts expect UDR to post earnings of $0.61 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

UDR Price Performance

NYSE UDR opened at $37.91 on Friday. The company has a 50 day simple moving average of $36.73 and a 200-day simple moving average of $35.96. The company has a debt-to-equity ratio of 1.47, a current ratio of 5.15 and a quick ratio of 5.15. The firm has a market capitalization of $12.48 billion, a price-to-earnings ratio of 28.29, a price-to-earnings-growth ratio of 3.04 and a beta of 0.80. UDR has a 52-week low of $30.95 and a 52-week high of $44.02.

UDR Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Wednesday, April 10th will be given a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.48%. This is a positive change from UDR’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Tuesday, April 9th. UDR’s dividend payout ratio is 126.87%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on UDR. Morgan Stanley reaffirmed an “equal weight” rating and set a $37.00 price objective on shares of UDR in a research report on Monday, February 26th. Piper Sandler raised shares of UDR from an “underweight” rating to a “neutral” rating and raised their price objective for the company from $34.00 to $40.00 in a research report on Wednesday, April 10th. Wells Fargo & Company raised shares of UDR from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $34.00 to $39.00 in a research report on Monday, March 4th. Mizuho cut their price objective on shares of UDR from $38.00 to $35.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 28th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of UDR in a research report on Tuesday, January 30th. They set a “hold” rating and a $40.00 price objective on the stock. Eleven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $41.83.

About UDR

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 communities in targeted U.S.