FY2018 Earnings Forecast for UDR, Inc. (UDR) Issued By SunTrust Banks

UDR, Inc. (NYSE:UDR) – Stock analysts at SunTrust Banks cut their FY2018 earnings per share (EPS) estimates for shares of UDR in a research report issued to clients and investors on Monday. SunTrust Banks analyst M. Lewis now forecasts that the real estate investment trust will post earnings of $1.93 per share for the year, down from their previous forecast of $1.96. SunTrust Banks has a “Hold” rating and a $38.00 price target on the stock. SunTrust Banks also issued estimates for UDR’s FY2019 earnings at $2.03 EPS, FY2020 earnings at $2.08 EPS and FY2021 earnings at $2.11 EPS.

A number of other equities research analysts have also weighed in on the company. Mizuho set a $38.00 target price on UDR and gave the company a “buy” rating in a research note on Friday, February 9th. TheStreet downgraded UDR from a “b-” rating to a “c” rating in a report on Tuesday, February 6th. Zacks Investment Research upgraded UDR from a “sell” rating to a “hold” rating in a report on Wednesday, January 31st. Stifel Nicolaus reiterated a “hold” rating and set a $38.00 target price on shares of UDR in a report on Friday, January 19th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $40.00 target price on shares of UDR in a report on Tuesday, January 9th. Twelve investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $39.38.

Shares of UDR (UDR) traded up $0.41 during mid-day trading on Thursday, reaching $34.20. The company’s stock had a trading volume of 424,125 shares, compared to its average volume of 1,654,802. The company has a debt-to-equity ratio of 1.32, a quick ratio of 5.45 and a current ratio of 4.93. UDR has a 52-week low of $32.88 and a 52-week high of $40.71. The company has a market capitalization of $9,105.95, a price-to-earnings ratio of 18.18, a P/E/G ratio of 3.07 and a beta of 0.33.

UDR (NYSE:UDR) last posted its quarterly earnings data on Tuesday, February 6th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.48. The company had revenue of $250.12 million during the quarter, compared to analyst estimates of $250.37 million. UDR had a return on equity of 4.53% and a net margin of 12.21%. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the company earned $0.46 earnings per share.

Several institutional investors have recently modified their holdings of the company. WESCAP Management Group Inc. lifted its holdings in shares of UDR by 55.1% in the 3rd quarter. WESCAP Management Group Inc. now owns 10,949 shares of the real estate investment trust’s stock valued at $416,000 after acquiring an additional 3,890 shares during the last quarter. ING Groep NV raised its stake in shares of UDR by 69.1% during the third quarter. ING Groep NV now owns 23,124 shares of the real estate investment trust’s stock valued at $879,000 after acquiring an additional 9,448 shares in the last quarter. Norinchukin Bank The raised its stake in shares of UDR by 7.3% during the third quarter. Norinchukin Bank The now owns 19,915 shares of the real estate investment trust’s stock valued at $757,000 after acquiring an additional 1,360 shares in the last quarter. Parametric Portfolio Associates LLC raised its stake in shares of UDR by 10.4% during the third quarter. Parametric Portfolio Associates LLC now owns 356,028 shares of the real estate investment trust’s stock valued at $13,540,000 after acquiring an additional 33,449 shares in the last quarter. Finally, Bank of Montreal Can increased its holdings in UDR by 31.3% during the fourth quarter. Bank of Montreal Can now owns 617,633 shares of the real estate investment trust’s stock valued at $23,792,000 after buying an additional 147,157 shares during the period. Hedge funds and other institutional investors own 96.73% of the company’s stock.

In other news, CEO Thomas W. Toomey sold 20,000 shares of the firm’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $39.20, for a total transaction of $784,000.00. Following the completion of the transaction, the chief executive officer now owns 1,127,925 shares in the company, valued at $44,214,660. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 3.07% of the company’s stock.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 10th were given 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 dividend yield of 3.63%. UDR’s payout ratio is 288.37%.

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About UDR

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.

Earnings History and Estimates for UDR (NYSE:UDR)

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