UDR (UDR) to Release Quarterly Earnings on Wednesday

UDR (NYSE:UDR) will issue its quarterly earnings data after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.62 per share for the quarter. UDR has set its FY 2024 guidance at 2.420-2.500 EPS and its Q3 2024 guidance at 0.610-0.630 EPS.Parties that are interested in registering for the company’s conference call can do so using this link.

UDR (NYSE:UDR) last released its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.53). UDR had a net margin of 8.34% and a return on equity of 3.70%. The firm had revenue of $415.30 million for the quarter, compared to analyst estimates of $413.75 million. During the same period last year, the business earned $0.61 EPS. The company’s revenue was up 2.7% compared to the same quarter last year. On average, analysts expect UDR to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

UDR Trading Down 1.4 %

NYSE UDR opened at $43.87 on Monday. The company has a quick ratio of 5.82, a current ratio of 5.82 and a debt-to-equity ratio of 1.57. UDR has a twelve month low of $30.95 and a twelve month high of $47.55. The company has a market cap of $14.45 billion, a price-to-earnings ratio of 31.79, a price-to-earnings-growth ratio of 9.70 and a beta of 0.85. The business’s fifty day moving average is $44.63 and its 200 day moving average is $41.40.

UDR Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 10th will be issued a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 3.88%. The ex-dividend date is Thursday, October 10th. UDR’s dividend payout ratio (DPR) is 123.19%.

Analyst Upgrades and Downgrades

UDR has been the topic of several recent research reports. BMO Capital Markets raised UDR from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $39.00 to $45.00 in a report on Monday, July 15th. Wedbush raised their price objective on UDR from $45.00 to $49.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Wells Fargo & Company raised their target price on UDR from $41.00 to $48.00 and gave the stock an “overweight” rating in a research report on Monday, August 26th. The Goldman Sachs Group started coverage on UDR in a research report on Wednesday, September 4th. They issued a “sell” rating and a $42.00 price target on the stock. Finally, UBS Group upped their price target on UDR from $48.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday, September 12th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $44.28.

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.