UDR (NYSE:UDR) updated its FY 2021 earnings guidance on Tuesday. The company provided earnings per share guidance of $1.760-1.820 for the period. The company issued revenue guidance of -.
Several equities analysts recently issued reports on the company. Piper Sandler upgraded UDR from an underweight rating to a neutral rating and raised their price target for the company from $35.00 to $44.00 in a report on Thursday, February 11th. Mizuho raised their price target on UDR from $43.00 to $49.00 and gave the company a buy rating in a report on Monday, March 15th. Zacks Investment Research upgraded UDR from a sell rating to a hold rating and set a $46.00 price target on the stock in a report on Tuesday, March 23rd. Morgan Stanley raised their price target on UDR from $53.00 to $54.00 and gave the company an overweight rating in a report on Wednesday, May 26th. Finally, Royal Bank of Canada began coverage on UDR in a report on Tuesday, March 30th. They issued a sector perform rating and a $45.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. UDR has a consensus rating of Hold and an average target price of $44.00.
UDR traded up $0.52 during midday trading on Thursday, reaching $50.19. 1,331,581 shares of the company were exchanged, compared to its average volume of 1,846,108. The firm has a market cap of $14.90 billion, a PE ratio of 250.96, a P/E/G ratio of 5.82 and a beta of 0.75. The company has a quick ratio of 5.07, a current ratio of 5.07 and a debt-to-equity ratio of 1.70. The company’s 50-day simple moving average is $46.22. UDR has a one year low of $29.34 and a one year high of $50.60.
The firm also recently declared a quarterly dividend, which was paid on Friday, April 30th. Stockholders of record on Friday, April 9th were given a dividend of $0.3625 per share. The ex-dividend date of this dividend was Thursday, April 8th. This represents a $1.45 dividend on an annualized basis and a dividend yield of 2.89%. This is a positive change from UDR’s previous quarterly dividend of $0.36. UDR’s dividend payout ratio (DPR) is currently 71.08%.
In other news, CEO Thomas W. Toomey sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, April 7th. The stock was sold at an average price of $44.40, for a total transaction of $444,000.00. Following the sale, the chief executive officer now owns 1,193,726 shares of the company’s stock, valued at $53,001,434.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Thomas W. Toomey sold 40,000 shares of the firm’s stock in a transaction dated Tuesday, March 16th. The stock was sold at an average price of $45.53, for a total value of $1,821,200.00. Company insiders own 3.68% of the company’s stock.
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 communities in targeted U.S.
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