UDR Inc. Announces Quarterly Dividend of $0.26 (UDR)
UDR (NYSE:UDR) announced a quarterly dividend on Thursday, June 19th, StockRatingsNetwork reports. Investors of record on Thursday, July 10th will be paid a dividend of 0.26 per share on Thursday, July 31st. This represents a $1.04 annualized dividend and a dividend yield of 3.71%.
Several analysts have recently commented on the stock. Analysts at TheStreet upgraded shares of UDR from a “hold” rating to a “buy” rating in a research note on Friday, May 9th. On the ratings front, analysts at Citigroup Inc. reiterated a “hold” rating on shares of UDR in a research note on Friday, May 2nd. They now have a $27.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of UDR in a research note on Friday, April 11th. They now have a $27.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $25.67.
UDR (NYSE:UDR) traded up 1.19% during mid-day trading on Thursday, hitting $28.07. 1,022,146 shares of the company’s stock traded hands. UDR has a 52 week low of $21.96 and a 52 week high of $28.32. The stock has a 50-day moving average of $27.26 and a 200-day moving average of $25.49. The company has a market cap of $7.058 billion and a P/E ratio of 116.07.
UDR (NYSE:UDR) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.36 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.36. The company had revenue of $198.04 million for the quarter, compared to the consensus estimate of $191.82 million. During the same quarter last year, the company posted $0.34 earnings per share. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. Analysts expect that UDR will post $1.51 EPS for the current fiscal year.
In other UDR news, CEO Thomas W. Toomey sold 15,000 shares of UDR stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $27.90, for a total value of $418,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
UDR, Inc (NYSE:UDR) is a self administered real estate investment trust (REIT), which owns, operates, acquires, renovates, develops, redevelops, and manages multifamily apartment communities located throughout the United States.
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