UDR, Inc. (NYSE:UDR) – Research analysts at Jefferies Financial Group decreased their Q4 2020 earnings estimates for shares of UDR in a research report issued on Wednesday, January 13th. Jefferies Financial Group analyst J. Petersen now anticipates that the real estate investment trust will earn $0.50 per share for the quarter, down from their previous forecast of $0.51. Jefferies Financial Group also issued estimates for UDR’s Q1 2021 earnings at $0.49 EPS, Q2 2021 earnings at $0.50 EPS, Q3 2021 earnings at $0.50 EPS, Q4 2021 earnings at $0.52 EPS, FY2021 earnings at $2.01 EPS, Q1 2022 earnings at $0.52 EPS, Q2 2022 earnings at $0.54 EPS, Q3 2022 earnings at $0.54 EPS, Q4 2022 earnings at $0.57 EPS, FY2022 earnings at $2.18 EPS and FY2023 earnings at $2.35 EPS.
UDR (NYSE:UDR) last issued its earnings results on Thursday, October 29th. The real estate investment trust reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.59). The business had revenue of $310.04 million during the quarter, compared to analyst estimates of $305.51 million. UDR had a net margin of 15.31% and a return on equity of 5.63%. UDR’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.09 EPS.
Shares of UDR opened at $38.25 on Thursday. The company has a market capitalization of $11.26 billion, a price-to-earnings ratio of 61.69, a P/E/G ratio of 3.90 and a beta of 0.59. UDR has a fifty-two week low of $29.20 and a fifty-two week high of $51.25. The company has a debt-to-equity ratio of 1.41, a current ratio of 4.08 and a quick ratio of 4.08. The business’s 50-day moving average is $38.26 and its 200-day moving average is $35.97.
Several hedge funds have recently modified their holdings of UDR. Old North State Trust LLC acquired a new position in shares of UDR during the third quarter worth approximately $28,000. Berman Capital Advisors LLC lifted its stake in shares of UDR by 72.0% in the 3rd quarter. Berman Capital Advisors LLC now owns 879 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 368 shares during the last quarter. Nachman Norwood & Parrott Inc acquired a new stake in shares of UDR in the 3rd quarter valued at $32,000. Prospera Financial Services Inc acquired a new stake in shares of UDR in the 3rd quarter valued at $36,000. Finally, NuWave Investment Management LLC acquired a new stake in shares of UDR in the 3rd quarter valued at $57,000. Institutional investors own 98.10% of the company’s stock.
In other news, CEO Thomas W. Toomey sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, January 4th. The stock was sold at an average price of $38.50, for a total transaction of $3,850,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,371,226 shares in the company, valued at $52,792,201. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 2.69% of the stock is owned by corporate insiders.
The business also recently announced a quarterly dividend, which will be paid on Monday, February 1st. Shareholders of record on Monday, January 11th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, January 8th. This represents a $1.44 dividend on an annualized basis and a yield of 3.76%. UDR’s payout ratio is currently 69.23%.
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 communities in targeted U.S.
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