UDR (UDR) Set to Announce Earnings on Tuesday

UDR (NYSE:UDR) is scheduled to announce its earnings results after the market closes on Tuesday, April 30th. Analysts expect the company to announce earnings of $0.61 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

UDR Stock Performance

UDR stock opened at $37.01 on Tuesday. The stock has a 50-day simple moving average of $36.54 and a 200 day simple moving average of $35.92. The company has a quick ratio of 5.15, a current ratio of 5.15 and a debt-to-equity ratio of 1.47. UDR has a 12-month low of $30.95 and a 12-month high of $44.02. The stock has a market capitalization of $12.19 billion, a price-to-earnings ratio of 27.62, a P/E/G ratio of 2.91 and a beta of 0.80.

UDR Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Wednesday, April 10th will be issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.59%. This is a boost from UDR’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Tuesday, April 9th. UDR’s payout ratio is currently 126.87%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Morgan Stanley reiterated an “equal weight” rating and issued a $37.00 price objective on shares of UDR in a research report on Monday, February 26th. Piper Sandler upgraded UDR from an “underweight” rating to a “neutral” rating and boosted their price objective for the company from $34.00 to $40.00 in a research report on Wednesday, April 10th. Wells Fargo & Company upgraded UDR from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $34.00 to $39.00 in a research report on Monday, March 4th. Mizuho decreased their price objective on UDR from $38.00 to $35.00 and set a “neutral” rating for the company in a research report on Wednesday, February 28th. Finally, Barclays lowered UDR from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $46.00 to $37.00 in a research report on Tuesday, February 20th. Eleven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $41.71.

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.