UDR (NYSE:UDR) Issues FY 2021 Earnings Guidance

UDR (NYSE:UDR) issued an update on its FY 2021 earnings guidance on Tuesday morning. The company provided EPS guidance of $1.760-1.820 for the period. The company issued revenue guidance of -.

Shares of UDR stock traded up $0.52 during trading on Thursday, reaching $50.19. 1,331,581 shares of the company’s stock were exchanged, compared to its average volume of 1,846,108. The company has a current ratio of 5.07, a quick ratio of 5.07 and a debt-to-equity ratio of 1.70. UDR has a 1-year low of $29.34 and a 1-year high of $50.60. The stock has a market cap of $14.90 billion, a P/E ratio of 250.96, a P/E/G ratio of 5.82 and a beta of 0.75. The company has a 50-day simple moving average of $46.22.

UDR (NYSE:UDR) last posted its quarterly earnings results on Tuesday, April 27th. The real estate investment trust reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.46). UDR had a return on equity of 2.76% and a net margin of 5.09%. As a group, sell-side analysts anticipate that UDR will post 1.96 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, April 30th. Shareholders of record on Friday, April 9th were issued a $0.3625 dividend. This represents a $1.45 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date of this dividend was Thursday, April 8th. This is a boost from UDR’s previous quarterly dividend of $0.36. UDR’s dividend payout ratio is presently 71.08%.

A number of brokerages have issued reports on UDR. Piper Sandler raised UDR from an underweight rating to a neutral rating and upped their target price for the stock from $35.00 to $44.00 in a report on Thursday, February 11th. KeyCorp upped their target price on UDR from $44.00 to $46.00 and gave the stock an overweight rating in a report on Thursday, February 25th. 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 target price for the company. Morgan Stanley upped their target price on UDR from $53.00 to $54.00 and gave the stock an overweight rating in a report on Wednesday, May 26th. Finally, 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 research report on Tuesday, March 23rd. 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. The stock has a consensus rating of Hold and a consensus target price of $44.00.

In related news, CEO Thomas W. Toomey sold 40,000 shares of the company’s stock in a transaction dated Tuesday, March 16th. The stock was sold at an average price of $45.53, for a total transaction of $1,821,200.00. Also, CEO Thomas W. Toomey sold 10,000 shares of the company’s stock in a transaction dated Wednesday, April 7th. The shares were sold at an average price of $44.40, for a total value of $444,000.00. Following the sale, the chief executive officer now owns 1,193,726 shares in the company, valued at approximately $53,001,434.40. The disclosure for this sale can be found here. 3.68% of the stock is owned by corporate insiders.

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.

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Earnings History and Estimates for UDR (NYSE:UDR)

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