Zacks Research Brokers Decrease Earnings Estimates for UDR, Inc. (NYSE:UDR)

UDR, Inc. (NYSE:UDR) – Zacks Research dropped their FY2024 EPS estimates for shares of UDR in a report released on Tuesday, May 21st. Zacks Research analyst R. Department now forecasts that the real estate investment trust will earn $2.44 per share for the year, down from their previous forecast of $2.45. The consensus estimate for UDR’s current full-year earnings is $2.44 per share. Zacks Research also issued estimates for UDR’s Q4 2024 earnings at $0.61 EPS, Q1 2025 earnings at $0.62 EPS, Q2 2025 earnings at $0.62 EPS, Q3 2025 earnings at $0.63 EPS, Q4 2025 earnings at $0.63 EPS, FY2025 earnings at $2.49 EPS, Q1 2026 earnings at $0.64 EPS and FY2026 earnings at $2.62 EPS.

Several other analysts have also recently issued reports on UDR. Wells Fargo & Company upgraded shares of UDR from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $34.00 to $39.00 in a research report on Monday, March 4th. Mizuho reduced their target price on shares of UDR from $38.00 to $35.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 28th. Scotiabank raised their target price on shares of UDR from $39.00 to $42.00 and gave the stock a “sector perform” rating in a research report on Tuesday, May 14th. The Goldman Sachs Group started coverage on shares of UDR in a research report on Thursday, February 22nd. They set a “neutral” rating and a $39.00 target price on the stock. Finally, Piper Sandler raised shares of UDR from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $34.00 to $40.00 in a research report on Wednesday, April 10th. Eleven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, UDR currently has an average rating of “Hold” and an average price target of $40.35.

UDR Stock Down 2.0 %

Shares of NYSE UDR opened at $38.81 on Wednesday. The firm’s 50-day moving average price is $37.63 and its 200-day moving average price is $36.56. The company has a current ratio of 6.61, a quick ratio of 6.61 and a debt-to-equity ratio of 1.49. The stock has a market capitalization of $12.78 billion, a price-to-earnings ratio of 28.12, a P/E/G ratio of 8.78 and a beta of 0.79. UDR has a 12-month low of $30.95 and a 12-month high of $44.02.

Institutional Investors Weigh In On UDR

A number of large investors have recently made changes to their positions in the stock. Swedbank AB purchased a new stake in shares of UDR during the first quarter valued at $1,607,000. Virtu Financial LLC acquired a new position in UDR during the first quarter valued at $458,000. iA Global Asset Management Inc. lifted its position in UDR by 5.1% during the first quarter. iA Global Asset Management Inc. now owns 46,325 shares of the real estate investment trust’s stock valued at $1,733,000 after purchasing an additional 2,250 shares during the period. Tidal Investments LLC lifted its position in UDR by 149.7% during the first quarter. Tidal Investments LLC now owns 27,921 shares of the real estate investment trust’s stock valued at $1,045,000 after purchasing an additional 16,737 shares during the period. Finally, Janus Henderson Group PLC lifted its position in UDR by 21.1% during the first quarter. Janus Henderson Group PLC now owns 1,679,891 shares of the real estate investment trust’s stock valued at $62,837,000 after purchasing an additional 292,848 shares during the period. 97.84% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other UDR news, SVP Michael D. Lacy sold 4,500 shares of UDR stock in a transaction on Friday, May 10th. The shares were sold at an average price of $38.17, for a total value of $171,765.00. Following the transaction, the senior vice president now directly owns 8,566 shares of the company’s stock, valued at $326,964.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.73% of the company’s stock.

UDR Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Wednesday, April 10th were issued a $0.425 dividend. This is a positive change from UDR’s previous quarterly dividend of $0.42. This represents a $1.70 annualized dividend and a yield of 4.38%. The ex-dividend date was Tuesday, April 9th. UDR’s payout ratio is currently 123.19%.

UDR Company Profile

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.