Brokerages expect UDR, Inc. (NYSE:UDR) to announce earnings of $0.48 per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for UDR’s earnings. The lowest EPS estimate is $0.48 and the highest is $0.49. UDR posted earnings per share of $0.47 in the same quarter last year, which would indicate a positive year over year growth rate of 2.1%. The company is scheduled to issue its next quarterly earnings results after the market closes on Monday, July 30th.

According to Zacks, analysts expect that UDR will report full-year earnings of $1.93 per share for the current year, with EPS estimates ranging from $1.91 to $1.95. For the next fiscal year, analysts anticipate that the business will post earnings of $2.04 per share, with EPS estimates ranging from $2.01 to $2.06. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for UDR.

UDR (NYSE:UDR) last posted its quarterly earnings results on Wednesday, April 25th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.17). UDR had a net margin of 17.65% and a return on equity of 6.57%. The firm had revenue of $253.31 million during the quarter, compared to analysts’ expectations of $252.02 million. During the same period last year, the company earned $0.45 EPS. The business’s quarterly revenue was up 3.9% on a year-over-year basis.

UDR has been the subject of several analyst reports. ValuEngine raised shares of UDR from a “sell” rating to a “hold” rating in a research note on Thursday, May 31st. Jefferies Financial Group initiated coverage on shares of UDR in a research note on Monday, June 11th. They issued a “hold” rating and a $38.00 price target for the company. Stifel Nicolaus raised shares of UDR from a “hold” rating to a “buy” rating and increased their price target for the company from $38.00 to $40.00 in a research note on Thursday, May 31st. BMO Capital Markets reissued a “hold” rating and issued a $38.00 price target on shares of UDR in a research note on Wednesday, April 25th. Finally, Bank of America increased their price target on shares of UDR from $41.00 to $42.00 and gave the company a “buy” rating in a research note on Friday, June 8th. Twelve analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $38.91.

In related news, CEO Thomas W. Toomey sold 30,000 shares of the stock in a transaction that occurred on Tuesday, May 1st. The shares were sold at an average price of $36.00, for a total transaction of $1,080,000.00. Following the completion of the transaction, the chief executive officer now owns 1,119,390 shares of the company’s stock, valued at approximately $40,298,040. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.16% of the company’s stock.

Large investors have recently bought and sold shares of the stock. American National Bank purchased a new position in shares of UDR during the 2nd quarter worth approximately $130,000. Quantum Capital Management purchased a new position in shares of UDR during the 1st quarter worth approximately $201,000. Jane Street Group LLC purchased a new position in shares of UDR during the 4th quarter worth approximately $223,000. IBM Retirement Fund purchased a new position in shares of UDR during the 1st quarter worth approximately $208,000. Finally, Neuberger Berman Group LLC boosted its position in shares of UDR by 47.3% during the 1st quarter. Neuberger Berman Group LLC now owns 8,052 shares of the real estate investment trust’s stock worth $287,000 after purchasing an additional 2,584 shares during the period. 97.08% of the stock is owned by hedge funds and other institutional investors.

Shares of UDR traded down $0.42, hitting $37.07, during mid-day trading on Monday, MarketBeat Ratings reports. The stock had a trading volume of 1,837,724 shares, compared to its average volume of 1,406,582. UDR has a 12-month low of $32.88 and a 12-month high of $40.33. The company has a debt-to-equity ratio of 1.30, a current ratio of 5.83 and a quick ratio of 5.83. The stock has a market cap of $10.03 billion, a price-to-earnings ratio of 19.82, a price-to-earnings-growth ratio of 3.26 and a beta of 0.38.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 31st. Investors of record on Tuesday, July 10th will be given a dividend of $0.3225 per share. The ex-dividend date is Monday, July 9th. This represents a $1.29 dividend on an annualized basis and a dividend yield of 3.48%. UDR’s payout ratio is currently 68.98%.

About UDR

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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