UDR (NYSE:UDR) Releases FY19 Earnings Guidance

UDR (NYSE:UDR) issued an update on its FY19 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $2.06-2.09 for the period, compared to the Thomson Reuters consensus estimate of $2.07. UDR also updated its Q3 guidance to $0.51-0.53 EPS.

Shares of NYSE:UDR opened at $47.48 on Tuesday. The stock has a market capitalization of $13.44 billion, a P/E ratio of 23.32, a P/E/G ratio of 3.99 and a beta of 0.47. The company has a debt-to-equity ratio of 1.32, a quick ratio of 6.43 and a current ratio of 6.43. UDR has a 52 week low of $37.87 and a 52 week high of $47.73. The firm has a fifty day simple moving average of $46.01.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 10th were given a $0.343 dividend. This represents a $1.37 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date was Tuesday, July 9th. UDR’s dividend payout ratio is currently 69.90%.

A number of research analysts recently weighed in on the company. Zacks Investment Research cut UDR from a buy rating to a hold rating in a report on Wednesday, May 15th. TheStreet upgraded UDR from a c rating to a b- rating in a report on Tuesday, July 30th. ValuEngine cut UDR from a buy rating to a hold rating in a report on Tuesday, August 6th. Finally, Barclays reiterated a hold rating and issued a $46.00 target price on shares of UDR in a report on Tuesday, April 16th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company’s stock. UDR has an average rating of Hold and an average target price of $44.20.

In other UDR news, CFO Joseph D. Fisher sold 3,250 shares of the business’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $46.41, for a total transaction of $150,832.50. Following the transaction, the chief financial officer now owns 28,394 shares in the company, valued at $1,317,765.54. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Jerry A. Davis sold 10,000 shares of the business’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $45.21, for a total value of $452,100.00. Following the transaction, the chief operating officer now owns 193,065 shares in the company, valued at approximately $8,728,468.65. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,250 shares of company stock worth $835,983. 2.85% of the stock is currently owned by insiders.

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 properties in targeted U.S.

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Earnings History and Estimates for UDR (NYSE:UDR)

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