UDR (NYSE:UDR) updated its second quarter 2021 earnings guidance on Tuesday. The company provided EPS guidance of 0.420-0.440 for the period. The company issued revenue guidance of -.UDR also updated its FY 2021 guidance to 1.730-1.820 EPS.
Several research analysts have weighed in on the company. Piper Sandler raised UDR from an underweight rating to a neutral rating and boosted their price objective for the stock from $35.00 to $44.00 in a research report on Thursday, February 11th. KeyCorp boosted their price objective on UDR from $44.00 to $46.00 and gave the stock an overweight rating in a research report on Thursday, February 25th. Zacks Investment Research raised UDR from a sell rating to a hold rating and set a $46.00 price objective on the stock in a research report on Tuesday, March 23rd. Morgan Stanley boosted their price objective on UDR from $47.00 to $51.00 and gave the stock an overweight rating in a research report on Monday, March 22nd. Finally, Mizuho upped their price target on UDR from $43.00 to $49.00 and gave the company a buy rating in a research report on Monday, March 15th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of Buy and a consensus price target of $43.58.
NYSE:UDR opened at $46.12 on Tuesday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 4.55 and a current ratio of 4.55. UDR has a 52-week low of $29.34 and a 52-week high of $47.28. The firm has a market cap of $13.69 billion, a price-to-earnings ratio of 104.82, a PEG ratio of 4.75 and a beta of 0.77. The business's fifty day moving average is $44.90 and its 200 day moving average is $40.14.
UDR (NYSE:UDR) last released its quarterly earnings data on Tuesday, April 27th. The real estate investment trust reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.47 by ($0.46). UDR had a net margin of 10.91% and a return on equity of 4.83%. Equities analysts predict that UDR will post 2.04 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, April 30th. Investors of record on Friday, April 9th were paid a dividend of $0.3625 per share. This represents a $1.45 dividend on an annualized basis and a dividend yield of 3.14%. This is a positive change from UDR's previous quarterly dividend of $0.36. The ex-dividend date was Thursday, April 8th. UDR's payout ratio is presently 69.71%.
In related news, CEO Thomas W. Toomey sold 40,000 shares of the business's stock in a transaction on Tuesday, March 16th. The stock was sold at an average price of $45.53, for a total transaction of $1,821,200.00. Also, CEO Thomas W. Toomey sold 10,000 shares of the business's stock in a transaction on Wednesday, April 7th. The shares were sold at an average price of $44.40, for a total value of $444,000.00. Following the sale, the chief executive officer now owns 1,193,726 shares in the company, valued at $53,001,434.40. The disclosure for this sale can be found here. Insiders own 2.69% of the company's stock.
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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