UDR (UDR) Releases Q4 2018 Earnings Guidance

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.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 31st. Stockholders of record on Wednesday, October 10th will be issued a $0.3323 dividend. This is a positive change from UDR’s previous quarterly dividend of $0.32. This represents a $1.33 annualized dividend and a dividend yield of 3.36%. The ex-dividend date is Tuesday, October 9th. UDR’s dividend payout ratio is currently 68.98%.

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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Earnings History and Estimates for UDR (NYSE:UDR)

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