UDR (UDR) to Release Quarterly Earnings on Tuesday

UDR (NYSE:UDR) will be announcing its earnings results after the market closes on Tuesday, April 30th. Analysts expect the company to announce earnings of $0.61 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

UDR Trading Down 0.2 %

Shares of UDR opened at $37.91 on Monday. The stock has a fifty day moving average price of $36.73 and a two-hundred day moving average price of $35.96. The company has a debt-to-equity ratio of 1.47, a quick ratio of 5.15 and a current ratio of 5.15. UDR has a 52-week low of $30.95 and a 52-week high of $44.02. The company has a market cap of $12.48 billion, a price-to-earnings ratio of 28.29, a PEG ratio of 3.04 and a beta of 0.80.

UDR Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Wednesday, April 10th will be paid a $0.425 dividend. This is a boost from UDR’s previous quarterly dividend of $0.42. This represents a $1.70 annualized dividend and a dividend yield of 4.48%. The ex-dividend date of this dividend is Tuesday, April 9th. UDR’s dividend payout ratio (DPR) is 126.87%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Mizuho lowered their target price on UDR from $38.00 to $35.00 and set a “neutral” rating for the company in a research note on Wednesday, February 28th. Barclays cut UDR from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $46.00 to $37.00 in a research note on Tuesday, February 20th. The Goldman Sachs Group assumed coverage on UDR in a research note on Thursday, February 22nd. They issued a “neutral” rating and a $39.00 target price for the company. Piper Sandler raised UDR from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $34.00 to $40.00 in a research note on Wednesday, April 10th. Finally, UBS Group raised UDR from a “neutral” rating to a “buy” rating and lifted their target price for the company from $38.00 to $44.00 in a research note on Thursday. Eleven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $41.83.

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.