UDR Inc. (UDR) To Go Ex-Dividend on October 6th
UDR Inc. (NYSE:UDR) declared a quarterly dividend on Thursday, September 22nd. Stockholders of record on Tuesday, October 11th will be paid a dividend of 0.295 per share by the real estate investment trust on Monday, October 31st. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date of this dividend is Thursday, October 6th.
UDR (NYSE:UDR) opened at 35.99 on Friday. UDR has a 12 month low of $32.90 and a 12 month high of $38.61. The stock’s 50 day moving average price is $35.98 and its 200-day moving average price is $36.27. The stock has a market cap of $9.61 billion, a price-to-earnings ratio of 46.20 and a beta of 0.69.
UDR (NYSE:UDR) last posted its earnings results on Tuesday, July 26th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.44. The company earned $238.79 million during the quarter, compared to the consensus estimate of $235.77 million. UDR had a net margin of 21.86% and a return on equity of 7.15%. The firm’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.41 earnings per share. Equities analysts expect that UDR will post $1.78 EPS for the current year.
A number of research analysts recently issued reports on UDR shares. BTIG Research started coverage on shares of UDR in a research report on Thursday, August 25th. They set a “buy” rating and a $42.00 target price for the company. Zacks Investment Research downgraded shares of UDR from a “hold” rating to a “sell” rating in a research report on Monday, June 13th. Cantor Fitzgerald restated a “buy” rating and set a $39.50 target price on shares of UDR in a research report on Monday, July 18th. Mizuho upgraded shares of UDR from a “neutral” rating to a “buy” rating and boosted their target price for the company from $37.00 to $41.00 in a research report on Monday, August 1st. Finally, Citigroup Inc. boosted their target price on shares of UDR from $37.00 to $38.00 and gave the company a “neutral” rating in a research report on Tuesday, August 2nd. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $38.71.
In other UDR news, SVP Harry G. Alcock sold 7,500 shares of the business’s stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $36.97, for a total value of $277,275.00. Following the transaction, the senior vice president now directly owns 120,145 shares in the company, valued at approximately $4,441,760.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Clinton D. Mcdonnough bought 2,000 shares of the firm’s stock in a transaction on Wednesday, August 24th. The stock was purchased at an average price of $35.65 per share, for a total transaction of $71,300.00. Following the completion of the acquisition, the director now directly owns 4,000 shares in the company, valued at $142,600. The disclosure for this purchase can be found here. Corporate insiders own 2.79% of the company’s stock.
A number of institutional investors have recently bought and sold shares of UDR. Credit Suisse AG raised its position in UDR by 13.7% in the second quarter. Credit Suisse AG now owns 1,176,152 shares of the real estate investment trust’s stock valued at $43,423,000 after buying an additional 141,308 shares during the last quarter. Fort Washington Investment Advisors Inc OH raised its position in UDR by 67.1% in the second quarter. Fort Washington Investment Advisors Inc OH now owns 12,200 shares of the real estate investment trust’s stock valued at $450,000 after buying an additional 4,900 shares during the last quarter. Public Sector Pension Investment Board raised its position in UDR by 17.1% in the second quarter. Public Sector Pension Investment Board now owns 50,600 shares of the real estate investment trust’s stock valued at $1,868,000 after buying an additional 7,400 shares during the last quarter. National Pension Service purchased a new position in UDR during the second quarter valued at $7,813,000. Finally, Alliancebernstein L.P. raised its position in UDR by 11.5% in the second quarter. Alliancebernstein L.P. now owns 658,185 shares of the real estate investment trust’s stock valued at $24,300,000 after buying an additional 67,938 shares during the last quarter. Institutional investors own 98.22% of the company’s stock.
UDR Company Profile
UDR, Inc is a real estate investment trust. The Company owns, operates, acquires, renovates, develops, redevelops and manages multifamily apartment communities generally located in various markets across the United States. The Company operates through two segments: Same-Store Communities and Non-Mature Communities/Other.
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