Weekly Analysts’ Ratings Updates for UDR (UDR)

Several brokerages have updated their recommendations and price targets on shares of UDR (NYSE: UDR) in the last few weeks:

  • 3/16/2017 – UDR was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Shares of UDR outperformed the Zacks categorized REIT – Equity Trust – Residential industry over the past 3 months. However, its funds from operations (FFO) per share estimates for first quarter and full year 2017 remained unchanged over the past 30 days. In January, UDR reported better-than-expected adjusted FFO per share for fourth-quarter 2016. Growth in revenue from same-store and stabilized, non-mature communities attributed to this beat. Yet, new supply and elevated concession levels are likely to make the market choppy in the near term. In fact, UDR is presently dealing with increased deliveries in a number of its markets, including San Francisco, Los Angeles and New York, which remains a concern. Further, rate hike adds to its woes. “
  • 3/9/2017 – UDR was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “UDR’s funds from operations (FFO) estimates for the current quarter and 2017 have been stable over the past 30 days. Late in January, the company reported better-than-expected adjusted FFO per share for fourth-quarter 2016. Growth in revenue from same-store and stabilized, non-mature communities attributed to this beat. It also announced a 2017 annualized dividend per share of $1.24, denoting an increase of 5% over the prior year. With a superior portfolio in targeted U.S. markets and disciplined capital allocation, UDR is well poised to grow. Moreover, focus on enhancing portfolio through expansion in core markets and sale of non-core ones should support momentum. However, is the company is presently dealing with elevated deliveries in majority of its markets including San Francisco, Los Angeles and New York, which remains a concern. Also, earnings dilutive effect of divestiture and hike in the interest rate add to its woes.”
  • 3/8/2017 – UDR was upgraded by analysts at Bank of America Corp from an “underperform” rating to a “neutral” rating. They now have a $37.00 price target on the stock.
  • 3/3/2017 – UDR was downgraded by analysts at Evercore ISI to a “buy” rating.
  • 2/13/2017 – UDR was downgraded by analysts at Zelman & Associates from a “hold” rating to a “sell” rating.
  • 2/13/2017 – UDR was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Backed by growth in revenues, UDR came up with a better-than-expected performance for fourth-quarter 2016, reporting funds from operations (FFO) as adjusted per share of $0.46, beating the Zacks Consensus Estimate by a penny. Growth in revenue from same-store and stabilized, non-mature communities attributed to this increase. It also announced a 2017 annualized dividend per share of $1.24, denoting an increase of 5% over the prior year. With a superior portfolio in the targeted U.S. markets and disciplined capital allocation, UDR is well poised to grow. However, new supply and elevated concession levels are likely to make the market choppy in the near term. Further, rate hike adds to its woes. Amid these, shares of UDR underperformed the Zacks categorized REIT – Equity Trust – Residential industry over the past three months. However, in the past seven days estimates for FFO per share for full-year 2017 have remained unchanged.”
  • 1/30/2017 – UDR had its “hold” rating reaffirmed by analysts at BMO Capital Markets. They now have a $35.00 price target on the stock.
  • 1/24/2017 – UDR was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “UDR is slated to release its fourth-quarter and full-year 2016 financial results on Jan 30, 2017 after the market closes. While its shares outperformed the Zacks categorized REIT Equity Trust – Residential industry over the past three months, we remain apprehensive about its performance in the upcoming period. Notably, UDR has been dealing with elevated deliveries in a number of its markets, including San Francisco and New York. Moreover, supply levels are anticipated to remain elevated in the upcoming quarters. This remains a concern as elevated levels of supply curtails a landlord’s ability to demand more rents and results in lesser absorption. Also, rate hike have added to its woes. Nevertheless, the company has a superior portfolio in targeted U.S. markets and its disciplined capital allocation is a positive.”
  • 1/23/2017 – UDR had its price target lowered by analysts at Barclays PLC from $37.00 to $35.00. They now have an “equal weight” rating on the stock.
  • 1/19/2017 – UDR was upgraded by analysts at SunTrust Banks, Inc. from a “hold” rating to a “buy” rating. They now have a $40.00 price target on the stock.

Shares of UDR, Inc. (NYSE:UDR) traded down 0.235% during midday trading on Monday, reaching $36.085. The company’s stock had a trading volume of 502,054 shares. The firm has a market cap of $9.65 billion, a price-to-earnings ratio of 33.412 and a beta of 0.34. UDR, Inc. has a 12 month low of $32.79 and a 12 month high of $38.61. The company has a 50-day moving average price of $35.56 and a 200-day moving average price of $35.05.

UDR (NYSE:UDR) last announced its quarterly earnings data on Monday, January 30th. The real estate investment trust reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.36. UDR had a net margin of 30.52% and a return on equity of 9.96%. The company earned $243.10 million during the quarter, compared to analyst estimates of $242.05 million. During the same period in the previous year, the business earned $0.62 EPS. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. Equities analysts expect that UDR, Inc. will post $0.31 earnings per share for the current year.

In other news, insider Warren L. Troupe sold 15,000 shares of the company’s stock in a transaction on Tuesday, January 3rd. The stock was sold at an average price of $36.15, for a total value of $542,250.00. Following the completion of the sale, the insider now directly owns 538,422 shares in the company, valued at approximately $19,463,955.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Harry G. Alcock sold 7,082 shares of the company’s stock in a transaction on Wednesday, December 21st. The stock was sold at an average price of $36.00, for a total value of $254,952.00. Following the completion of the sale, the senior vice president now owns 113,063 shares of the company’s stock, valued at $4,070,268. The disclosure for this sale can be found here. 2.79% of the stock is owned by insiders.

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.

5 Day Chart for NYSE:UDR

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