UDR (NYSE:UDR) Releases Q4 Earnings Guidance

UDR (NYSE:UDR) updated its fourth quarter earnings guidance on Wednesday. The company provided earnings per share guidance of $0.56-0.58 for the period, compared to the consensus earnings per share estimate of $0.63.

UDR Price Performance

UDR stock traded down $0.06 during mid-day trading on Wednesday, reaching $43.55. The company’s stock had a trading volume of 3,137,710 shares, compared to its average volume of 2,496,888. The company has a current ratio of 5.82, a quick ratio of 5.82 and a debt-to-equity ratio of 1.57. The company’s 50 day moving average is $44.70 and its two-hundred day moving average is $41.53. UDR has a fifty-two week low of $30.95 and a fifty-two week high of $47.55. The stock has a market cap of $14.36 billion, a PE ratio of 106.37, a P/E/G ratio of 9.62 and a beta of 0.85.

UDR (NYSE:UDR) last announced its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.53). UDR had a return on equity of 3.70% and a net margin of 8.34%. The company had revenue of $415.30 million for the quarter, compared to analysts’ expectations of $413.75 million. During the same quarter in the previous year, the business posted $0.61 EPS. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. Equities research analysts expect that UDR will post 2.47 EPS for the current year.

UDR Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 10th will be issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date of this dividend is Thursday, October 10th. UDR’s dividend payout ratio is currently 414.64%.

Analysts Set New Price Targets

Several analysts have recently weighed in on UDR shares. Piper Sandler increased their price target on shares of UDR from $40.00 to $46.00 and gave the company a “neutral” rating in a research note on Monday, August 26th. Deutsche Bank Aktiengesellschaft increased their price target on UDR from $40.00 to $44.00 and gave the stock a “hold” rating in a report on Tuesday, September 10th. BMO Capital Markets upgraded shares of UDR from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $39.00 to $45.00 in a report on Monday, July 15th. BNP Paribas began coverage on shares of UDR in a research note on Wednesday, September 11th. They set an “outperform” rating and a $49.00 target price for the company. Finally, UBS Group boosted their price target on shares of UDR from $48.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, September 12th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $44.28.

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.