FY2024 EPS Estimates for UDR, Inc. Raised by Analyst (NYSE:UDR)

UDR, Inc. (NYSE:UDR) – Wedbush lifted their FY2024 EPS estimates for UDR in a note issued to investors on Monday, May 6th. Wedbush analyst R. Anderson now anticipates that the real estate investment trust will post earnings per share of $2.46 for the year, up from their prior forecast of $2.45. Wedbush currently has a “Outperform” rating and a $45.00 target price on the stock. The consensus estimate for UDR’s current full-year earnings is $2.44 per share.

UDR has been the topic of a number of other reports. The Goldman Sachs Group started coverage on UDR in a research report on Thursday, February 22nd. They set a “neutral” rating and a $39.00 target price on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on UDR in a research note on Tuesday, January 30th. They set a “hold” rating and a $40.00 target price for the company. Piper Sandler raised shares of UDR from an “underweight” rating to a “neutral” rating and upped their price target for the company from $34.00 to $40.00 in a report on Wednesday, April 10th. Morgan Stanley reissued an “equal weight” rating and issued a $37.00 target price on shares of UDR in a research report on Monday, February 26th. Finally, Truist Financial lowered their price objective on UDR from $45.00 to $42.00 and set a “buy” rating for the company in a report on Tuesday, April 9th. Twelve equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, UDR presently has an average rating of “Hold” and an average price target of $41.72.

UDR Price Performance

UDR opened at $38.27 on Wednesday. UDR has a twelve month low of $30.95 and a twelve month high of $44.02. The firm has a market cap of $12.60 billion, a price-to-earnings ratio of 27.73, a PEG ratio of 3.06 and a beta of 0.79. The company has a current ratio of 6.61, a quick ratio of 6.61 and a debt-to-equity ratio of 1.49. The company has a fifty day simple moving average of $37.13 and a 200 day simple moving average of $36.09.

Hedge Funds Weigh In On UDR

Hedge funds have recently made changes to their positions in the business. Cerity Partners LLC boosted its position in shares of UDR by 0.3% in the fourth quarter. Cerity Partners LLC now owns 102,605 shares of the real estate investment trust’s stock worth $3,929,000 after buying an additional 313 shares during the period. Allworth Financial LP increased its stake in UDR by 20.1% in the 4th quarter. Allworth Financial LP now owns 1,943 shares of the real estate investment trust’s stock valued at $74,000 after buying an additional 325 shares during the period. Hummer Financial Advisory Services Inc lifted its position in UDR by 2.9% in the 1st quarter. Hummer Financial Advisory Services Inc now owns 12,057 shares of the real estate investment trust’s stock worth $451,000 after buying an additional 335 shares in the last quarter. Integrity Wealth Solutions LLC increased its stake in shares of UDR by 8.2% in the first quarter. Integrity Wealth Solutions LLC now owns 6,409 shares of the real estate investment trust’s stock worth $240,000 after acquiring an additional 484 shares during the last quarter. Finally, Telos Capital Management Inc. boosted its position in UDR by 1.6% during the first quarter. Telos Capital Management Inc. now owns 34,759 shares of the real estate investment trust’s stock valued at $1,300,000 after purchasing an additional 547 shares during the last quarter. Institutional investors and hedge funds own 97.84% of the company’s stock.

UDR Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Wednesday, April 10th were given a $0.425 dividend. The ex-dividend date of this dividend was Tuesday, April 9th. This is a boost from UDR’s previous quarterly dividend of $0.42. This represents a $1.70 annualized dividend and a yield of 4.44%. UDR’s payout ratio is 123.19%.

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.