UDR, Inc. (NYSE:UDR) – Research analysts at SunTrust Banks reduced their Q3 2018 EPS estimates for UDR in a report issued on Monday. SunTrust Banks analyst M. Lewis now anticipates that the real estate investment trust will earn $0.48 per share for the quarter, down from their prior estimate of $0.49. SunTrust Banks currently has a “Hold” rating and a $38.00 target price on the stock. SunTrust Banks also issued estimates for UDR’s FY2022 earnings at $2.15 EPS.
UDR (NYSE:UDR) last released its quarterly earnings data on Tuesday, February 6th. The real estate investment trust reported $0.48 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.48. UDR had a net margin of 12.21% and a return on equity of 4.53%. The firm had revenue of $250.12 million for the quarter, compared to the consensus estimate of $250.37 million. During the same period in the previous year, the company earned $0.46 earnings per share. The company’s quarterly revenue was up 4.2% on a year-over-year basis.
UDR (NYSE:UDR) opened at $34.00 on Wednesday. UDR has a fifty-two week low of $32.88 and a fifty-two week high of $40.71. The company has a market cap of $9,033.64, a price-to-earnings ratio of 79.07, a price-to-earnings-growth ratio of 2.89 and a beta of 0.33. The company has a debt-to-equity ratio of 1.32, a current ratio of 4.93 and a quick ratio of 5.45.
Institutional investors have recently made changes to their positions in the business. Bbva Compass Bancshares Inc. acquired a new stake in UDR during the fourth quarter worth about $227,000. Fox Run Management L.L.C. grew its stake in UDR by 51.8% during the fourth quarter. Fox Run Management L.L.C. now owns 8,500 shares of the real estate investment trust’s stock worth $327,000 after buying an additional 2,900 shares in the last quarter. WESCAP Management Group Inc. grew its stake in UDR by 55.1% during the third quarter. WESCAP Management Group Inc. now owns 10,949 shares of the real estate investment trust’s stock worth $416,000 after buying an additional 3,890 shares in the last quarter. Exane Derivatives acquired a new stake in UDR during the fourth quarter worth about $432,000. Finally, Dean Capital Investments Management LLC acquired a new stake in UDR during the fourth quarter worth about $478,000. Hedge funds and other institutional investors own 96.73% of the company’s stock.
In other UDR news, CEO Thomas W. Toomey sold 20,000 shares of the stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $39.20, for a total transaction of $784,000.00. Following the sale, the chief executive officer now directly owns 1,127,925 shares in the company, valued at $44,214,660. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.07% of the company’s stock.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 10th were paid a dividend of $0.31 per share. The ex-dividend date was Tuesday, January 9th. This represents a $1.24 dividend on an annualized basis and a yield of 3.65%. UDR’s payout ratio is 288.37%.
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UDR, Inc is a self-administered real estate investment trust. The Company owns, operates, acquires, renovates, develops, redevelops, disposes of and manages multifamily apartment communities generally located in various markets across the United States. The Company’s segments are Same-Store Communities and Non-Mature Communities/Other.
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