Analysts Expect UDR, Inc. (UDR) to Announce $0.50 Earnings Per Share

Brokerages predict that UDR, Inc. (NYSE:UDR) will report $0.50 earnings per share for the current quarter, Zacks reports. Eight analysts have issued estimates for UDR’s earnings, with the highest EPS estimate coming in at $0.52 and the lowest estimate coming in at $0.49. UDR reported earnings per share of $0.47 in the same quarter last year, which would suggest a positive year-over-year growth rate of 6.4%. The firm is scheduled to announce its next earnings report after the market closes on Tuesday, April 30th.

On average, analysts expect that UDR will report full-year earnings of $2.06 per share for the current financial year, with EPS estimates ranging from $2.04 to $2.07. For the next year, analysts forecast that the company will post earnings of $2.15 per share, with EPS estimates ranging from $2.09 to $2.21. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow UDR.

UDR (NYSE:UDR) last announced its quarterly earnings results on Tuesday, February 12th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.19). UDR had a return on equity of 7.50% and a net margin of 19.40%. The business had revenue of $264.73 million for the quarter, compared to analyst estimates of $262.98 million. During the same quarter last year, the firm posted $0.25 EPS. The company’s revenue was up 5.8% compared to the same quarter last year.

A number of brokerages have issued reports on UDR. BMO Capital Markets reiterated a “hold” rating and set a $49.00 price target on shares of UDR in a research report on Monday, March 25th. Goldman Sachs Group lowered UDR from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $43.00 to $39.00 in a research report on Monday, March 11th. Zacks Investment Research lowered UDR from a “hold” rating to a “sell” rating in a research report on Thursday, February 21st. Finally, JPMorgan Chase & Co. upgraded UDR from a “neutral” rating to an “overweight” rating in a research report on Wednesday, December 19th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. UDR currently has an average rating of “Hold” and a consensus price target of $42.91.

UDR stock traded up $0.32 during trading on Friday, reaching $45.80. 1,395,199 shares of the company’s stock were exchanged, compared to its average volume of 1,499,120. The company has a debt-to-equity ratio of 1.23, a quick ratio of 7.61 and a current ratio of 7.61. UDR has a 1-year low of $34.48 and a 1-year high of $45.84. The firm has a market capitalization of $12.75 billion, a PE ratio of 23.37, a price-to-earnings-growth ratio of 3.91 and a beta of 0.55.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 9th will be issued a $0.3425 dividend. This is a positive change from UDR’s previous quarterly dividend of $0.32. The ex-dividend date is Monday, April 8th. This represents a $1.37 annualized dividend and a dividend yield of 2.99%. UDR’s dividend payout ratio is 69.90%.

In other news, Director Lynne B. Sagalyn sold 4,289 shares of the company’s stock in a transaction on Friday, February 22nd. The stock was sold at an average price of $44.97, for a total value of $192,876.33. Following the completion of the sale, the director now owns 81,852 shares in the company, valued at $3,680,884.44. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Jerry A. Davis sold 10,000 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $45.39, for a total value of $453,900.00. Following the completion of the sale, the chief operating officer now owns 203,065 shares of the company’s stock, valued at approximately $9,217,120.35. The disclosure for this sale can be found here. In the last 90 days, insiders sold 124,289 shares of company stock valued at $5,586,476. Insiders own 3.16% of the company’s stock.

Several institutional investors have recently made changes to their positions in UDR. Moody National Bank Trust Division raised its position in shares of UDR by 3.1% during the fourth quarter. Moody National Bank Trust Division now owns 10,808 shares of the real estate investment trust’s stock worth $429,000 after purchasing an additional 326 shares during the period. LPL Financial LLC raised its position in UDR by 3.2% during the fourth quarter. LPL Financial LLC now owns 10,585 shares of the real estate investment trust’s stock valued at $419,000 after buying an additional 326 shares during the period. Csenge Advisory Group raised its position in UDR by 4.0% during the fourth quarter. Csenge Advisory Group now owns 8,671 shares of the real estate investment trust’s stock valued at $343,000 after buying an additional 335 shares during the period. Mackenzie Financial Corp raised its position in UDR by 5.9% during the fourth quarter. Mackenzie Financial Corp now owns 8,003 shares of the real estate investment trust’s stock valued at $317,000 after buying an additional 443 shares during the period. Finally, PNC Financial Services Group Inc. raised its position in UDR by 3.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 16,600 shares of the real estate investment trust’s stock valued at $657,000 after buying an additional 541 shares during the period. Institutional investors and hedge funds own 97.15% of the company’s stock.

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 properties in targeted U.S.

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Earnings History and Estimates for UDR (NYSE:UDR)

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