UDR (NYSE:UDR – Get Free Report) updated its FY 2024 earnings guidance on Wednesday. The company provided EPS guidance of 2.470-2.490 for the period, compared to the consensus EPS estimate of 2.480. The company issued revenue guidance of -. UDR also updated its Q4 guidance to $0.56-0.58 EPS.
UDR Price Performance
Shares of UDR stock traded down $0.87 on Thursday, reaching $42.68. 1,396,351 shares of the company were exchanged, compared to its average volume of 2,491,672. The company has a market cap of $14.08 billion, a price-to-earnings ratio of 106.22, a P/E/G ratio of 9.62 and a beta of 0.85. UDR has a 1 year low of $30.95 and a 1 year high of $47.55. The business has a 50-day moving average price of $44.73 and a 200 day moving average price of $41.54. The company has a debt-to-equity ratio of 1.57, a quick ratio of 5.82 and a current ratio of 5.82.
UDR (NYSE:UDR – Get Free Report) last announced its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.53). UDR had a net margin of 8.34% and a return on equity of 3.70%. The business had revenue of $415.30 million during the quarter, compared to analyst estimates of $413.75 million. During the same period in the previous year, the firm earned $0.61 earnings per share. The business’s revenue was up 2.7% compared to the same quarter last year. Equities research analysts forecast that UDR will post 2.47 earnings per share for the current fiscal year.
UDR Dividend Announcement
Analyst Ratings Changes
A number of analysts recently weighed in on UDR shares. BNP Paribas assumed coverage on shares of UDR in a report on Wednesday, September 11th. They set an “outperform” rating and a $49.00 target price for the company. JPMorgan Chase & Co. boosted their target price on shares of UDR from $43.00 to $50.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. Wedbush raised their price objective on shares of UDR from $45.00 to $49.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Wells Fargo & Company lifted their target price on shares of UDR from $41.00 to $48.00 and gave the company an “overweight” rating in a research note on Monday, August 26th. Finally, The Goldman Sachs Group initiated coverage on UDR in a research report on Wednesday, September 4th. They set a “sell” rating and a $42.00 target price for the company. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $44.28.
Read Our Latest Stock Report on UDR
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 communities in targeted U.S.
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