UDR (NYSE:UDR) issued an update on its fourth quarter 2018 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $0.49-0.50 for the period. UDR also updated its FY 2018 guidance to $1.95-1.96 EPS.
Shares of UDR stock traded down $0.82 during trading hours on Wednesday, hitting $39.52. The company had a trading volume of 1,216,121 shares, compared to its average volume of 1,611,212. The company has a debt-to-equity ratio of 1.38, a quick ratio of 6.03 and a current ratio of 6.03. UDR has a fifty-two week low of $32.88 and a fifty-two week high of $41.13. The firm has a market cap of $10.43 billion, a P/E ratio of 21.13, a P/E/G ratio of 3.33 and a beta of 0.33.
UDR (NYSE:UDR) last issued its quarterly earnings data on Monday, October 29th. The real estate investment trust reported $0.07 EPS for the quarter, hitting the consensus estimate of $0.07. UDR had a net margin of 18.43% and a return on equity of 6.95%. The firm had revenue of $266.10 million for the quarter, compared to analyst estimates of $258.90 million. During the same period in the prior year, the business posted $0.06 EPS. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, research analysts predict that UDR will post 1.94 EPS for the current fiscal year.
UDR has been the topic of several recent analyst reports. Stifel Nicolaus upped their price objective on shares of UDR from $40.00 to $43.00 and gave the stock a buy rating in a report on Tuesday, September 25th. Robert W. Baird restated a buy rating and issued a $40.00 price objective on shares of UDR in a report on Thursday, August 16th. Zacks Investment Research upgraded shares of UDR from a hold rating to a buy rating and set a $41.00 price objective on the stock in a report on Wednesday, July 25th. ValuEngine upgraded shares of UDR from a hold rating to a buy rating in a report on Wednesday, October 24th. Finally, Barclays restated a hold rating and issued a $39.00 price objective on shares of UDR in a report on Sunday, October 14th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. UDR currently has an average rating of Hold and an average price target of $39.50.
In related news, CEO Thomas W. Toomey sold 40,000 shares of the company’s stock in a transaction that occurred on Friday, August 17th. The shares were sold at an average price of $39.80, for a total transaction of $1,592,000.00. Following the sale, the chief executive officer now directly owns 1,768,753 shares of the company’s stock, valued at approximately $70,396,369.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jerry A. Davis sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 3rd. The stock was sold at an average price of $38.75, for a total transaction of $387,500.00. Following the sale, the insider now directly owns 234,669 shares in the company, valued at $9,093,423.75. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 114,773 shares of company stock worth $4,545,229. 3.16% of the stock is owned by insiders.
UDR Company Profile
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 properties in targeted U.S.
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