UDR (NYSE:UDR) updated its third quarter earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $0.51-0.53 for the period, compared to the Thomson Reuters consensus estimate of $0.52. UDR also updated its FY19 guidance to $2.06-2.09 EPS.
Several brokerages have recently weighed in on UDR. TheStreet raised UDR from a c rating to a b- rating in a research report on Tuesday, July 30th. ValuEngine downgraded UDR from a buy rating to a hold rating in a research report on Tuesday, August 6th. Zacks Investment Research downgraded UDR from a buy rating to a hold rating in a research report on Wednesday, May 15th. Mizuho upped their target price on UDR from $51.00 to $52.00 and gave the stock a buy rating in a research report on Tuesday. Finally, Wells Fargo & Co upped their target price on UDR from $46.00 to $47.00 and gave the stock a market perform rating in a research report on Tuesday. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $45.08.
Shares of UDR opened at $45.86 on Thursday. The stock has a market capitalization of $13.55 billion, a P/E ratio of 23.50, a P/E/G ratio of 4.04 and a beta of 0.47. UDR has a one year low of $37.87 and a one year high of $47.73. The company has a debt-to-equity ratio of 1.32, a current ratio of 6.43 and a quick ratio of 6.43. The company has a 50-day simple moving average of $46.04.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Wednesday, July 10th were issued a $0.343 dividend. This represents a $1.37 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date of this dividend was Tuesday, July 9th. UDR’s dividend payout ratio is currently 69.90%.
In related news, VP Warren L. Troupe sold 5,000 shares of the stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $46.61, for a total value of $233,050.00. Following the completion of the transaction, the vice president now owns 490,761 shares of the company’s stock, valued at $22,874,370.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Joseph D. Fisher sold 3,250 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $46.41, for a total value of $150,832.50. Following the sale, the chief financial officer now owns 28,394 shares in the company, valued at approximately $1,317,765.54. The disclosure for this sale can be found here. Insiders sold 18,250 shares of company stock valued at $835,983 in the last three months. 2.85% of the stock is currently owned by company 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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