UDR, Inc. (NYSE:UDR) – Analysts at SunTrust Banks cut their FY2019 earnings per share estimates for shares of UDR in a note issued to investors on Tuesday, May 21st. SunTrust Banks analyst M. Lewis now anticipates that the real estate investment trust will post earnings per share of $2.06 for the year, down from their prior estimate of $2.07. SunTrust Banks also issued estimates for UDR’s FY2023 earnings at $2.21 EPS.

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

UDR has been the topic of several other reports. Barclays reiterated a “hold” rating and issued a $46.00 price objective on shares of UDR in a research note on Tuesday, April 16th. Goldman Sachs Group cut UDR from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $43.00 to $39.00 in a research note on Monday, March 11th. Zacks Investment Research cut UDR from a “hold” rating to a “sell” rating in a research note on Thursday, February 21st. BMO Capital Markets reiterated a “hold” rating and issued a $49.00 price objective on shares of UDR in a research note on Monday, March 25th. Finally, TheStreet cut UDR from a “b” rating to a “c” rating in a research note on Tuesday, April 30th. Three 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’s stock. The stock presently has an average rating of “Hold” and an average price target of $44.00.

Shares of NYSE UDR opened at $44.90 on Thursday. The firm has a market capitalization of $12.64 billion, a PE ratio of 22.91, a P/E/G ratio of 3.86 and a beta of 0.54. The company has a debt-to-equity ratio of 1.23, a quick ratio of 6.64 and a current ratio of 6.64. UDR has a 12-month low of $35.08 and a 12-month high of $45.92.

Large investors have recently bought and sold shares of the stock. Nordea Investment Management AB grew its holdings in shares of UDR by 0.5% during the first quarter. Nordea Investment Management AB now owns 940,190 shares of the real estate investment trust’s stock worth $42,740,000 after purchasing an additional 4,352 shares during the last quarter. Cleararc Capital Inc. purchased a new position in shares of UDR during the first quarter worth about $211,000. BlueCrest Capital Management Ltd purchased a new position in shares of UDR during the first quarter worth about $1,115,000. KCM Investment Advisors LLC grew its holdings in shares of UDR by 13.5% during the first quarter. KCM Investment Advisors LLC now owns 7,378 shares of the real estate investment trust’s stock worth $335,000 after purchasing an additional 878 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC purchased a new position in shares of UDR during the first quarter worth about $305,000. 97.52% of the stock is currently owned by hedge funds and other institutional investors.

In related news, COO Jerry A. Davis sold 10,000 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $45.39, for a total value of $453,900.00. Following the transaction, the chief operating officer now owns 203,065 shares of the company’s stock, valued at $9,217,120.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Tracy L. Hofmeister sold 1,500 shares of the stock in a transaction on Friday, May 10th. The shares were sold at an average price of $44.09, for a total value of $66,135.00. Following the completion of the transaction, the chief accounting officer now directly owns 10,295 shares in the company, valued at approximately $453,906.55. The disclosure for this sale can be found here. Insiders sold 95,789 shares of company stock worth $4,304,611 in the last three months. 2.85% of the stock is currently owned by corporate insiders.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Tuesday, April 9th were issued a $0.3425 dividend. This represents a $1.37 annualized dividend and a yield of 3.05%. The ex-dividend date was Monday, April 8th. This is a positive change from UDR’s previous quarterly dividend of $0.32. UDR’s dividend payout ratio is 69.90%.

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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