UDR (NYSE:UDR) Issues Q4 2024 Earnings Guidance

UDR (NYSE:UDR) updated its fourth quarter 2024 earnings guidance on Wednesday. The company provided EPS guidance of 0.620-0.640 for the period, compared to the consensus EPS estimate of 0.630. The company issued revenue guidance of -. UDR also updated its FY 2024 guidance to 2.470-2.490 EPS.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on UDR shares. Wells Fargo & Company lifted their target price on shares of UDR from $41.00 to $48.00 and gave the company an “overweight” rating in a report on Monday, August 26th. Piper Sandler boosted their price objective on shares of UDR from $40.00 to $46.00 and gave the company a “neutral” rating in a research report on Monday, August 26th. Royal Bank of Canada dropped their price target on UDR from $41.00 to $40.00 and set a “sector perform” rating for the company in a research note on Thursday, August 1st. UBS Group raised their price target on UDR from $48.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, September 12th. Finally, BNP Paribas started coverage on shares of UDR in a research note on Wednesday, September 11th. They set an “outperform” rating and a $49.00 price objective for the company. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $44.28.

UDR Trading Down 2.0 %

UDR stock traded down $0.87 during trading on Thursday, reaching $42.68. The company had a trading volume of 1,396,351 shares, compared to its average volume of 2,491,672. The firm has a market capitalization of $14.08 billion, a price-to-earnings ratio of 106.22, a PEG ratio of 9.62 and a beta of 0.85. The company has a debt-to-equity ratio of 1.57, a quick ratio of 5.82 and a current ratio of 5.82. UDR has a 12-month low of $30.95 and a 12-month high of $47.55. The stock’s 50 day moving average price is $44.73 and its two-hundred day moving average price is $41.54.

UDR (NYSE:UDR) last announced its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $413.75 million. During the same period last year, the business posted $0.61 EPS. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. As a group, equities analysts expect that UDR will post 2.47 earnings per share for the current fiscal year.

UDR Dividend Announcement

The business also recently announced 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 3.98%. The ex-dividend date of this dividend is Thursday, October 10th. UDR’s payout ratio is 414.63%.

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.