Analysts Anticipate UDR, Inc. (UDR) Will Post Quarterly Sales of $258.63 Million
Wall Street brokerages expect UDR, Inc. (NYSE:UDR) to post $258.63 million in sales for the current quarter, according to Zacks. Six analysts have made estimates for UDR’s earnings, with the lowest sales estimate coming in at $257.66 million and the highest estimate coming in at $260.45 million. UDR reported sales of $251.09 million in the same quarter last year, which indicates a positive year-over-year growth rate of 3%. The business is scheduled to issue its next earnings report after the market closes on Monday, October 29th.
According to Zacks, analysts expect that UDR will report full year sales of $1.02 billion for the current year, with estimates ranging from $1.02 billion to $1.03 billion. For the next year, analysts forecast that the company will report sales of $1.07 billion, with estimates ranging from $1.04 billion to $1.11 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for UDR.
UDR (NYSE:UDR) last posted its quarterly earnings data on Monday, July 30th. The real estate investment trust reported $0.49 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.01. The business had revenue of $259.74 million during the quarter, compared to the consensus estimate of $253.59 million. UDR had a return on equity of 6.87% and a net margin of 18.47%. UDR’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.47 earnings per share.
In other news, Director Lynne B. Sagalyn sold 4,773 shares of the stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $40.40, for a total transaction of $192,829.20. Following the transaction, the director now owns 87,176 shares of the company’s stock, valued at approximately $3,521,910.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Warren L. Troupe sold 40,000 shares of the stock in a transaction dated Wednesday, August 22nd. The stock was sold at an average price of $39.10, for a total transaction of $1,564,000.00. Following the transaction, the vice president now directly owns 549,634 shares in the company, valued at approximately $21,490,689.40. The disclosure for this sale can be found here. Insiders have sold a total of 114,773 shares of company stock worth $4,545,229 in the last three months. Insiders own 3.16% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. Piedmont Investment Advisors LLC bought a new position in UDR in the 2nd quarter valued at about $118,000. American National Bank bought a new position in UDR in the 2nd quarter valued at about $130,000. Point72 Hong Kong Ltd lifted its position in UDR by 1,406.2% in the 2nd quarter. Point72 Hong Kong Ltd now owns 3,886 shares of the real estate investment trust’s stock valued at $146,000 after acquiring an additional 3,628 shares in the last quarter. Lourd Capital LLC bought a new position in UDR in the 3rd quarter valued at about $217,000. Finally, Qube Research & Technologies Ltd lifted its position in UDR by 1,900.0% in the 2nd quarter. Qube Research & Technologies Ltd now owns 6,280 shares of the real estate investment trust’s stock valued at $236,000 after acquiring an additional 5,966 shares in the last quarter. 95.27% of the stock is currently owned by institutional investors.
UDR traded up $0.85 during trading on Thursday, reaching $39.13. 1,410,200 shares of the stock traded hands, compared to its average volume of 1,500,786. The company has a current ratio of 6.03, a quick ratio of 6.03 and a debt-to-equity ratio of 1.38. The stock has a market capitalization of $10.82 billion, a P/E ratio of 20.56, a price-to-earnings-growth ratio of 3.41 and a beta of 0.33. UDR has a 12 month low of $32.88 and a 12 month high of $41.04.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 31st. Stockholders of record on Wednesday, October 10th will be given a dividend of $0.3323 per share. This represents a $1.33 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date of this dividend is Tuesday, October 9th. This is a boost from UDR’s previous quarterly dividend of $0.32. UDR’s dividend payout ratio is 68.98%.
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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