What is Zacks Research’s Forecast for UDR FY2024 Earnings?

UDR, Inc. (NYSE:UDR) – Investment analysts at Zacks Research boosted their FY2024 earnings per share (EPS) estimates for UDR in a research report issued to clients and investors on Wednesday, November 20th. Zacks Research analyst R. Department now anticipates that the real estate investment trust will post earnings per share of $2.48 for the year, up from their prior estimate of $2.46. The consensus estimate for UDR’s current full-year earnings is $2.47 per share. Zacks Research also issued estimates for UDR’s Q4 2024 earnings at $0.63 EPS, Q1 2025 earnings at $0.61 EPS, Q2 2025 earnings at $0.63 EPS, Q4 2025 earnings at $0.64 EPS, FY2025 earnings at $2.51 EPS and Q3 2026 earnings at $0.67 EPS.

A number of other equities analysts also recently commented on UDR. Piper Sandler lifted their price target on UDR from $40.00 to $46.00 and gave the stock a “neutral” rating in a research note on Monday, August 26th. The Goldman Sachs Group began coverage on UDR in a research note on Wednesday, September 4th. They issued a “sell” rating and a $42.00 target price for the company. Scotiabank decreased their target price on UDR from $49.00 to $48.00 and set a “sector perform” rating for the company in a research note on Thursday, November 14th. Truist Financial lifted their target price on UDR from $44.00 to $47.00 and gave the company a “buy” rating in a research note on Monday, August 26th. Finally, UBS Group lifted their target price on UDR from $48.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, September 12th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $45.18.

UDR Trading Up 0.6 %

NYSE:UDR opened at $45.09 on Friday. UDR has a 12 month low of $32.85 and a 12 month high of $47.55. The firm has a market capitalization of $14.88 billion, a PE ratio of 121.11, a price-to-earnings-growth ratio of 12.35 and a beta of 0.85. The company has a debt-to-equity ratio of 1.69, a current ratio of 5.91 and a quick ratio of 5.91. The business’s 50-day moving average is $44.54 and its two-hundred day moving average is $42.26.

Institutional Trading of UDR

Several hedge funds and other institutional investors have recently modified their holdings of UDR. Bessemer Group Inc. raised its stake in UDR by 2,250.3% in the 1st quarter. Bessemer Group Inc. now owns 37,416 shares of the real estate investment trust’s stock worth $1,399,000 after purchasing an additional 35,824 shares in the last quarter. Natixis raised its position in shares of UDR by 22.0% in the 1st quarter. Natixis now owns 33,071 shares of the real estate investment trust’s stock valued at $1,237,000 after buying an additional 5,966 shares in the last quarter. Capital Research Global Investors acquired a new position in shares of UDR in the 1st quarter valued at approximately $176,137,000. Canada Pension Plan Investment Board raised its position in shares of UDR by 2.7% in the 1st quarter. Canada Pension Plan Investment Board now owns 2,906,297 shares of the real estate investment trust’s stock valued at $108,725,000 after buying an additional 76,000 shares in the last quarter. Finally, Magnetar Financial LLC acquired a new position in shares of UDR in the 1st quarter valued at approximately $301,000. Institutional investors own 97.84% of the company’s stock.

UDR Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th were given a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date was Thursday, October 10th. UDR’s dividend payout ratio (DPR) is presently 459.47%.

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.