Equities analysts predict that UDR, Inc. (NYSE:UDR) will announce sales of $274.14 million for the current quarter, Zacks reports. Eight analysts have issued estimates for UDR’s earnings, with estimates ranging from $267.92 million to $281.70 million. UDR reported sales of $256.63 million during the same quarter last year, which indicates a positive year over year growth rate of 6.8%. The company is scheduled to report its next earnings results on Monday, July 29th.

On average, analysts expect that UDR will report full year sales of $1.10 billion for the current financial year, with estimates ranging from $1.07 billion to $1.12 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $1.13 billion, with estimates ranging from $1.10 billion to $1.18 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that follow UDR.

UDR (NYSE:UDR) last released its quarterly earnings data on Tuesday, April 30th. The real estate investment trust reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.42). UDR had a net margin of 13.70% and a return on equity of 5.38%. The firm had revenue of $270.67 million during the quarter, compared to the consensus estimate of $267.41 million. During the same quarter in the prior year, the company earned $0.30 EPS. UDR’s quarterly revenue was up 6.9% on a year-over-year basis.

A number of equities analysts have issued reports on the company. Zacks Investment Research cut UDR from a “hold” rating to a “sell” rating in a report on Wednesday, February 13th. Barclays reiterated a “hold” rating and set a $46.00 target price on shares of UDR in a report on Tuesday, April 16th. Goldman Sachs Group cut UDR from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $43.00 to $39.00 in a report on Monday, March 11th. TheStreet cut UDR from a “b” rating to a “c” rating in a report on Tuesday, April 30th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $49.00 target price on shares of UDR in a report on Monday, March 25th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. UDR presently has an average rating of “Hold” and an average target price of $44.00.

In other news, COO Jerry A. Davis sold 10,000 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $45.39, for a total transaction of $453,900.00. Following the completion of the transaction, the chief operating officer now directly owns 203,065 shares in the company, valued at approximately $9,217,120.35. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Tracy L. Hofmeister sold 1,500 shares of the stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $44.09, for a total transaction of $66,135.00. Following the transaction, the chief accounting officer now owns 10,295 shares of the company’s stock, valued at $453,906.55. The disclosure for this sale can be found here. In the last quarter, insiders have sold 91,500 shares of company stock valued at $4,111,735. Corporate insiders own 2.85% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Cornerstone Advisors Inc. boosted its stake in shares of UDR by 66.8% during the 1st quarter. Cornerstone Advisors Inc. now owns 577 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 231 shares during the last quarter. Capital Investment Advisory Services LLC acquired a new position in shares of UDR during the 4th quarter worth about $55,000. Pearl River Capital LLC acquired a new position in shares of UDR during the 4th quarter worth about $87,000. First Quadrant L P CA acquired a new position in shares of UDR during the 4th quarter worth about $91,000. Finally, Ossiam acquired a new position in shares of UDR during the 1st quarter worth about $109,000. Institutional investors own 97.71% of the company’s stock.

Shares of UDR traded up $0.56 during trading hours on Thursday, reaching $44.78. The stock had a trading volume of 1,343,460 shares, compared to its average volume of 1,009,440. The company has a quick ratio of 6.64, a current ratio of 6.64 and a debt-to-equity ratio of 1.23. UDR has a 52 week low of $35.37 and a 52 week high of $45.92. The stock has a market cap of $12.46 billion, a P/E ratio of 22.85, a P/E/G ratio of 3.81 and a beta of 0.54.

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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