FY2018 Earnings Forecast for UDR, Inc. (UDR) Issued By SunTrust Banks
UDR, Inc. (NYSE:UDR) – SunTrust Banks reduced their FY2018 EPS estimates for UDR in a note issued to investors on Monday. SunTrust Banks analyst M. Lewis now anticipates that the real estate investment trust will post earnings of $1.93 per share for the year, down from their previous estimate of $1.96. SunTrust Banks has a “Hold” rating and a $38.00 price objective on the stock. SunTrust Banks also issued estimates for UDR’s FY2019 earnings at $2.03 EPS, FY2020 earnings at $2.08 EPS and FY2021 earnings at $2.11 EPS.
UDR (NYSE:UDR) last announced its earnings results on Tuesday, February 6th. The real estate investment trust reported $0.48 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.48. UDR had a return on equity of 4.53% and a net margin of 12.21%. The company had revenue of $250.12 million for the quarter, compared to analysts’ expectations of $250.37 million. During the same period last year, the firm earned $0.46 EPS. UDR’s revenue for the quarter was up 4.2% compared to the same quarter last year.
Shares of UDR (NYSE UDR) traded up $0.41 during trading on Thursday, reaching $34.20. The company had a trading volume of 424,125 shares, compared to its average volume of 1,654,802. UDR has a one year low of $32.88 and a one year high of $40.71. The company has a current ratio of 4.93, a quick ratio of 5.45 and a debt-to-equity ratio of 1.32. The company has a market cap of $9,105.95, a PE ratio of 18.18, a P/E/G ratio of 3.07 and a beta of 0.33.
Several large investors have recently made changes to their positions in the stock. Macquarie Group Ltd. lifted its holdings in shares of UDR by 0.3% in the 4th quarter. Macquarie Group Ltd. now owns 915,463 shares of the real estate investment trust’s stock valued at $32,491,000 after acquiring an additional 2,798 shares during the last quarter. Jane Street Group LLC bought a new position in shares of UDR in the 4th quarter valued at about $223,000. Wolverine Trading LLC bought a new position in shares of UDR in the 4th quarter valued at about $654,000. Teachers Advisors LLC lifted its holdings in shares of UDR by 10.2% in the 4th quarter. Teachers Advisors LLC now owns 516,202 shares of the real estate investment trust’s stock valued at $19,884,000 after acquiring an additional 47,954 shares during the last quarter. Finally, California State Teachers Retirement System lifted its holdings in shares of UDR by 1.2% in the 4th quarter. California State Teachers Retirement System now owns 465,013 shares of the real estate investment trust’s stock valued at $17,912,000 after acquiring an additional 5,665 shares during the last quarter. 96.73% of the stock is owned by hedge funds and other institutional investors.
In other news, CEO Thomas W. Toomey sold 20,000 shares of the firm’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $39.20, for a total transaction of $784,000.00. Following the completion of the transaction, the chief executive officer now owns 1,127,925 shares in the company, valued at $44,214,660. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 3.07% of the company’s stock.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 10th were given a dividend of $0.31 per share. The ex-dividend date was Tuesday, January 9th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.63%. UDR’s payout ratio is 288.37%.
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UDR, Inc is a self-administered real estate investment trust. The Company owns, operates, acquires, renovates, develops, redevelops, disposes of and manages multifamily apartment communities generally located in various markets across the United States. The Company’s segments are Same-Store Communities and Non-Mature Communities/Other.
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