Analysts Anticipate UDR, Inc. (NYSE:UDR) Will Announce Quarterly Sales of $318.10 Million

Equities analysts predict that UDR, Inc. (NYSE:UDR) will announce sales of $318.10 million for the current quarter, Zacks reports. Five analysts have issued estimates for UDR’s earnings, with estimates ranging from $309.21 million to $328.60 million. UDR reported sales of $310.04 million during the same quarter last year, which indicates a positive year over year growth rate of 2.6%. The company is scheduled to report its next earnings results on Thursday, November 4th.

On average, analysts expect that UDR will report full year sales of $1.25 billion for the current financial year, with estimates ranging from $1.21 billion to $1.27 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $1.33 billion, with estimates ranging from $1.25 billion to $1.44 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that follow UDR.

UDR (NYSE:UDR) last announced its quarterly earnings data on Wednesday, July 28th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.45). UDR had a net margin of 1.31% and a return on equity of 1.40%.

A number of analysts have weighed in on UDR shares. Truist raised their target price on shares of UDR from $52.00 to $55.00 and gave the company a “hold” rating in a research report on Wednesday, August 18th. They noted that the move was a valuation call. The Goldman Sachs Group started coverage on shares of UDR in a research report on Thursday. They issued a “buy” rating and a $60.00 target price on the stock. KeyCorp raised their target price on shares of UDR from $46.00 to $55.00 and gave the company an “overweight” rating in a research report on Thursday, July 15th. Barclays began coverage on shares of UDR in a research report on Wednesday, September 1st. They issued an “overweight” rating and a $60.00 target price on the stock. Finally, BTIG Research upgraded shares of UDR from a “neutral” rating to a “buy” rating and set a $60.00 price target on the stock in a report on Monday, September 13th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $51.76.

In related news, SVP Harry G. Alcock sold 15,000 shares of the stock in a transaction dated Tuesday, August 3rd. The shares were sold at an average price of $54.95, for a total value of $824,250.00. Following the completion of the transaction, the senior vice president now directly owns 52,667 shares in the company, valued at approximately $2,894,051.65. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Thomas W. Toomey sold 60,000 shares of the stock in a transaction dated Friday, July 30th. The stock was sold at an average price of $55.71, for a total transaction of $3,342,600.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 130,000 shares of company stock worth $7,186,450. Corporate insiders own 2.69% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in UDR by 0.9% during the 2nd quarter. Vanguard Group Inc. now owns 47,314,910 shares of the real estate investment trust’s stock valued at $2,317,485,000 after purchasing an additional 441,223 shares in the last quarter. Cohen & Steers Inc. increased its stake in UDR by 15.0% during the 1st quarter. Cohen & Steers Inc. now owns 41,215,391 shares of the real estate investment trust’s stock valued at $1,807,755,000 after purchasing an additional 5,374,674 shares in the last quarter. BlackRock Inc. increased its stake in UDR by 4.4% during the 1st quarter. BlackRock Inc. now owns 32,623,630 shares of the real estate investment trust’s stock valued at $1,430,873,000 after purchasing an additional 1,386,514 shares in the last quarter. State Street Corp increased its stake in UDR by 1.4% during the 2nd quarter. State Street Corp now owns 16,828,475 shares of the real estate investment trust’s stock valued at $824,259,000 after purchasing an additional 237,391 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in UDR by 2.1% during the 2nd quarter. Geode Capital Management LLC now owns 5,811,604 shares of the real estate investment trust’s stock valued at $283,936,000 after purchasing an additional 118,573 shares in the last quarter.

UDR stock traded up $0.34 during mid-day trading on Friday, reaching $53.98. The company had a trading volume of 2,753,125 shares, compared to its average volume of 1,910,015. UDR has a fifty-two week low of $29.34 and a fifty-two week high of $56.31. The company has a current ratio of 4.03, a quick ratio of 4.03 and a debt-to-equity ratio of 1.98. The company has a market cap of $16.02 billion, a P/E ratio of 1,079.82, a P/E/G ratio of 5.90 and a beta of 0.75. The business has a fifty day simple moving average of $53.89 and a 200 day simple moving average of $49.33.

The company also recently declared a quarterly dividend, which will be paid on Monday, November 1st. Investors of record on Monday, October 11th will be issued a dividend of $0.3625 per share. This represents a $1.45 annualized dividend and a yield of 2.69%. The ex-dividend date is Thursday, October 7th. UDR’s dividend payout ratio (DPR) is presently 71.08%.

About UDR

UDR, Inc is a real estate investment trust, which owns, operates, acquires, renovates, develops, redevelops, disposes of, and manages multifamily apartment communities. It engages in the multi-family real estate investment trust business. It operates through the Same-Store Communities and Non-Mature Communities/Other segments.

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Earnings History and Estimates for UDR (NYSE:UDR)

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