UDR set to announce quarterly earnings on Tuesday
UDR (NYSE:UDR – GET Rating) will release its quarterly earnings figures after market close on Tuesday, July 26. Analysts expect the company to announce earnings per share of $0.57 for the quarter. Individuals who are interested in registering for the company’s earnings conference call can do so using this link.
UDR (NYSE:UDR – GET Rating) last released its quarterly earnings results on Tuesday, April 26. Real Estate Investment Trust reported earnings per share of $0.04 for the quarter, missing analysts’ consensus estimates of $0.55 ($0.51). The net margin of UDR was 11.93% and the return on equity was 4.79%. During the same quarter last year, the business generated $0.47 earnings per share. On average, analysts expect the UDR to post $2 EPS for the current fiscal and $3 EPS for the next fiscal.
UDR price display
UDR shares opened on Tuesday at $44.60. UDR has a 52-week low of $42.00 and a 52-week high of $61.06. The stock has a market cap of $14.20 billion, a PE ratio of 87.45, a PEG ratio of 2.14 and a beta of 0.75. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.30 and a current ratio of 0.30. The firm’s 50-day moving average is $46.04 and its 200-day moving average is $52.87.
UDR declares dividend
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The business also recently disclosed a quarterly dividend, which will be paid on Monday, Aug. A dividend of $0.38 per share will be issued to investors of record on Monday, July 11. The ex-dividend date for this dividend is Friday, July 8. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.41%. The payout ratio of UDR is 298.05%.
UDR. hedge fund weight on
Institutional investors and hedge funds have recently added or decreased their stake in the business. Pearl River Capital LLC purchased a new stake in UDR shares worth $614,000 in the first quarter. Private Advisory Group LLC increased its stake in UDR’s shares by 4.8% in the first quarter. Private Advisors Group LLC now owns 10,150 shares of the real estate investment trust’s stock, valued at $582,000, after purchasing an additional 461 shares during the previous quarter. Eqis Capital Management Inc. bought a new stake in UDR shares worth $499,000 in the first quarter. Neuberger Berman Group LLC increased its stake in UDR’s shares by 3.6% in the first quarter. After purchasing an additional 291 shares during the previous quarter, Neuberger Berman Group LLC now owns 8,374 shares of real estate investment trust stock worth $480,000. Finally, Mirabella Financial Services LLP purchased a new stake in UDR shares in the first quarter, valued at $409,000. 96.39% of the stock is currently owned by institutional investors and hedge funds.
Change in analyst rating
Several brokerages have released reports on UDRs. StockNews.com began coverage on UDR shares in a research note on Thursday, March 31. They issued a “hold” rating on the stock. In a report on Tuesday, May 10, Barclays lowered its price objective on UDR shares from $63.00 to $56.00. Evercore ISI in a report on Monday, June 20 set a $54.00 price objective on the shares of UDR. The Street downgraded UDR’s shares from a “B-” rating to a “C+” rating in a report on Tuesday, April 26. Finally, Jefferies Financial Group dropped its target price on UDR shares from $51.00 to $41.00 and set a “hold” rating for the company in a research report on Thursday, June 30. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $54.88.
About UDR
(get rating)
UDR, Inc. (NYSE:UDR), an S&P 500 company, is a leading multifamily real estate investment trust that has demonstrated superior and reliable returns by successfully managing, buying, selling, developing and redeveloping attractive real estate communities in targeted areas. with history. We
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