UDR (NYSE:UDR) Issues Q4 2024 Earnings Guidance

UDR (NYSE:UDR) issued an update on its fourth quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 0.620-0.640 for the period, compared to the consensus earnings per share estimate of 0.630. The company issued revenue guidance of -. UDR also updated its FY 2024 guidance to 2.470-2.490 EPS.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on UDR. Deutsche Bank Aktiengesellschaft boosted their price objective on UDR from $40.00 to $44.00 and gave the company a “hold” rating in a research report on Tuesday, September 10th. JPMorgan Chase & Co. boosted their price objective on shares of UDR from $43.00 to $50.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. Piper Sandler increased their target price on UDR from $40.00 to $46.00 and gave the stock a “neutral” rating in a report on Monday, August 26th. Truist Financial boosted their price target on UDR from $44.00 to $47.00 and gave the company a “buy” rating in a report on Monday, August 26th. Finally, Evercore ISI increased their price objective on UDR from $42.00 to $43.00 and gave the stock an “in-line” rating in a report on Monday, September 9th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, UDR has a consensus rating of “Hold” and an average price target of $44.28.

UDR Stock Performance

UDR stock traded down $0.09 during trading hours on Wednesday, reaching $43.52. The stock had a trading volume of 3,137,748 shares, compared to its average volume of 2,496,888. The stock has a market capitalization of $14.35 billion, a PE ratio of 106.15, a price-to-earnings-growth ratio of 9.62 and a beta of 0.85. The stock has a 50-day simple moving average of $44.73 and a 200 day simple moving average of $41.54. UDR has a fifty-two week low of $30.95 and a fifty-two week high of $47.55. The company has a debt-to-equity ratio of 1.57, a current ratio of 5.82 and a quick ratio of 5.82.

UDR (NYSE:UDR) last issued its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.53). The firm had revenue of $415.30 million during the quarter, compared to analyst estimates of $413.75 million. UDR had a net margin of 8.34% and a return on equity of 3.70%. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter last year, the business posted $0.61 earnings per share. Analysts predict that UDR will post 2.47 EPS for the current fiscal year.

UDR Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th will be given a $0.425 dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.91%. UDR’s payout ratio is 414.64%.

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 communities in targeted U.S.