UDR, Inc. (NYSE:UDR) – Equities research analysts at Cantor Fitzgerald dropped their FY2018 EPS estimates for shares of UDR in a note issued to investors on Thursday. Cantor Fitzgerald analyst G. Mehta now forecasts that the real estate investment trust will post earnings of $1.93 per share for the year, down from their previous estimate of $1.98. Cantor Fitzgerald currently has a “Overweight” rating and a $40.00 target price on the stock. Cantor Fitzgerald also issued estimates for UDR’s FY2019 earnings at $2.05 EPS.
UDR (NYSE:UDR) last announced its quarterly earnings data on Tuesday, February 6th. The real estate investment trust reported $0.48 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.48. The company had revenue of $250.12 million for the quarter, compared to the consensus estimate of $250.37 million. UDR had a return on equity of 4.53% and a net margin of 12.21%. UDR’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.46 EPS.
UDR (NYSE:UDR) opened at $34.14 on Monday. UDR has a 12-month low of $32.88 and a 12-month high of $40.71. The company has a debt-to-equity ratio of 1.32, a quick ratio of 5.45 and a current ratio of 4.93. The stock has a market capitalization of $9,154.98, a price-to-earnings ratio of 79.40, a PEG ratio of 3.14 and a beta of 0.33.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Wednesday, January 10th were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date was Tuesday, January 9th. UDR’s payout ratio is currently 288.37%.
In related news, CEO Thomas W. Toomey sold 20,000 shares of the firm’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $39.20, for a total transaction of $784,000.00. Following the sale, the chief executive officer now owns 1,127,925 shares of the company’s stock, valued at $44,214,660. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.07% of the stock is owned by company insiders.
A number of hedge funds have recently modified their holdings of UDR. Deutsche Bank AG boosted its position in UDR by 271.1% during the fourth quarter. Deutsche Bank AG now owns 3,011,378 shares of the real estate investment trust’s stock valued at $115,993,000 after purchasing an additional 2,200,003 shares in the last quarter. Renaissance Technologies LLC boosted its position in UDR by 20.2% during the fourth quarter. Renaissance Technologies LLC now owns 7,889,498 shares of the real estate investment trust’s stock valued at $303,903,000 after purchasing an additional 1,327,664 shares in the last quarter. BlackRock Inc. boosted its position in UDR by 1.2% during the fourth quarter. BlackRock Inc. now owns 29,344,904 shares of the real estate investment trust’s stock valued at $1,130,365,000 after purchasing an additional 354,311 shares in the last quarter. Martingale Asset Management L P boosted its position in UDR by 118.4% during the fourth quarter. Martingale Asset Management L P now owns 586,239 shares of the real estate investment trust’s stock valued at $22,583,000 after purchasing an additional 317,789 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. bought a new stake in UDR during the fourth quarter valued at about $11,151,000. 96.02% of the stock is currently owned by institutional investors.
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.
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