UDR (UDR) Posts Quarterly Earnings Results, Meets Expectations

UDR (NYSE:UDR) announced its earnings results on Tuesday. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.48, Bloomberg Earnings reports. UDR had a return on equity of 4.49% and a net margin of 12.21%. The firm had revenue of $250.12 million during the quarter, compared to analyst estimates of $250.37 million. During the same period last year, the firm posted $0.46 EPS. The business’s revenue was up 4.2% compared to the same quarter last year. UDR updated its FY17 guidance to $1.91-1.95 EPS.

Shares of UDR (UDR) traded down $0.88 on Thursday, reaching $32.92. The company had a trading volume of 2,970,092 shares, compared to its average volume of 1,660,411. UDR has a 52 week low of $32.91 and a 52 week high of $40.71. The stock has a market cap of $9,186.71, a price-to-earnings ratio of 76.56, a P/E/G ratio of 2.93 and a beta of 0.33. The company has a current ratio of 5.45, a quick ratio of 5.45 and a debt-to-equity ratio of 1.31.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Wednesday, January 10th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 3.77%. The ex-dividend date of this dividend was Tuesday, January 9th. UDR’s dividend payout ratio (DPR) is currently 288.37%.

UDR has been the subject of several research analyst reports. BMO Capital Markets set a $40.00 target price on UDR and gave the company a “hold” rating in a research report on Tuesday, October 31st. Mizuho reaffirmed a “buy” rating and set a $43.00 target price on shares of UDR in a research report on Monday, November 6th. Royal Bank of Canada raised their target price on UDR from $39.00 to $40.00 and gave the company a “sector perform” rating in a research report on Wednesday, November 8th. SunTrust Banks lowered UDR from a “buy” rating to a “hold” rating and set a $41.00 target price for the company. in a research report on Wednesday, November 29th. Finally, Evercore ISI raised UDR from an “underperform” rating to an “in-line” rating in a research report on Monday, December 11th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $39.85.

In related news, CEO Thomas W. Toomey sold 20,000 shares of UDR stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $39.20, for a total value of $784,000.00. Following the completion of the sale, the chief executive officer now owns 1,127,925 shares of the company’s stock, valued at approximately $44,214,660. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 3.07% of the company’s stock.

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About UDR

UDR, Inc is a self-administered real estate investment trust. The Company owns, operates, acquires, renovates, develops, redevelops, disposes of and manages multifamily apartment communities generally located in various markets across the United States. The Company’s segments are Same-Store Communities and Non-Mature Communities/Other.

Earnings History for UDR (NYSE:UDR)

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