UDR Company Profile (NYSE:UDR)

UDR trades on the New York Stock Exchange (NYSE) under the ticker symbol "UDR."

UDR declared a quarterly dividend on Thursday, June 22nd. Investors of record on Monday, July 10th will be paid a dividend of $0.31 per share on Monday, July 31st. This represents a $1.24 annualized dividend and a yield of 3.16%. The ex-dividend date of this dividend is Thursday, July 6th. View UDR's Dividend History.

UDR, Inc. (NYSE:UDR) issued its quarterly earnings results on Wednesday, July, 26th. The company reported $0.47 earnings per share (EPS) for the quarter, meeting the Thomson Reuters' consensus estimate of $0.47. The firm had revenue of $247.97 million for the quarter, compared to analysts' expectations of $244.17 million. UDR had a return on equity of 1.27% and a net margin of 4.46%. UDR's quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.45 EPS. View UDR's Earnings History.

UDR is scheduled to release their next quarterly earnings announcement on Monday, October, 23rd 2017. View Earnings Estimates for UDR.

UDR issued an update on its FY17 earnings guidance on Wednesday, July, 26th. The company provided earnings per share (EPS) guidance of $1.84-1.88 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.86. UDR also updated its Q3 guidance to $0.46-0.47 EPS.

12 analysts have issued 12 month target prices for UDR's shares. Their forecasts range from $37.00 to $40.00. On average, they anticipate UDR's share price to reach $38.25 in the next year. View Analyst Ratings for UDR.

Here are some recent quotes from research analysts about UDR stock:

• 1. According to Zacks Investment Research, "Shares of UDR outperformed the Zacks categorized REIT – Equity Trust – Residential industry over the past three months. Notably, estimates have been stable lately ahead of the company’s second quarter earnings release. The company has mixed record of surprises in terms of funds from operations (FFO) per share in recent quarters. With a superior portfolio in the targeted U.S. markets and disciplined capital allocation, UDR is well poised for growth. Moreover, focus on enhancing portfolio through expansion in core markets and sale of non-core ones should support momentum. However, new supply and elevated concession levels are likely to make the market choppy in the near term. Additionally, rate hike adds to the company’s woes." (7/14/2017)
• 2. Cantor Fitzgerald analysts commented, "In-line FFO/sh., Focus on Occupancy. FFO/sh. of $0.45 was in line with Cantor/consensus (FactSet). There was a sequential deceleration of 40bps to 4.6% in the SS revenue growth rate following a sequential deceleration of 30bps in 4Q16. The company was focused on occupancy, with a 50bp y/y increase in the 1Q following a 30bp increase in 4Q. Rent growth was 4.1% (lower than 4.7% in 4Q), and there was a 100bp decline in annualized turnover. Effective new lease growth was 0.3% (+30bps vs. 4Q), with declines in Austin, Portland, San Francisco, Mid-Atlantic, Tampa, New York and Boston), while renewals were up 4.9% (-20bps vs. 4Q). As a result, NOI increased 4.9% (-40bps vs. 4Q). New York had largest increase in sequential revenue growth rate, and Baltimore was at the other end." (4/24/2017)

Some companies that are related to UDR include Essex Property Trust (ESS), Mid-America Apartment Communities (MAA), Camden Property Trust (CPT), Equity Lifestyle Properties (ELS), Apartment Investment and Management Company (AIV), Sun Communities (SUI), American Campus Communities (ACC), American Homes 4 Rent (AMH), Colony Starwood Homes (SFR), Two Harbors Investments Corp (TWO), Education Realty Trust (EDR), Monogram Residential Trust (MORE), Associated Estates Realty (AEC), ARMOUR Residential REIT (ARR), New Senior Investment Group (SNR), Independence Realty Trust (IRT), Altisource Residential Corporation (RESI) and Preferred Apartment Communities (APTS).

UDR's management team includes the folowing people:

• James D. Klingbeil, Independent Chairman of the Board
• Thomas W. Toomey, President, Chief Executive Officer, Director
• Lynne B. Sagalyn Ph.D., Independent Vice Chairman of the Board
• Joseph D. Fisher, Chief Financial Officer, Senior Vice President, Principal Financial Officer
• Jerry A. Davis, Chief Operating Officer, Senior Vice President
• Warren L. Troupe, Senior Executive Vice President
• Harry G. Alcock, Senior Vice President - Asset Management
• Shawn G. Johnston, Chief Accounting Officer, Vice President
• Tracy L. Hofmeister, Interim Principal Accounting Officer, Vice President, Controller
• Katherine A. Cattanach Ph.D., Independent Director

UDR's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Lazard Asset Management LLC (0.11%), Quantitative Investment Management LLC (0.06%) and Nationwide Fund Advisors (0.03%). Company insiders that own UDR stock include Clinton D Mcdonnough, Harry G Alcock, J Abram Claude, James D Klingbeil, Jerry A Davis, Jon A Grove, Matthew A Cozad, Thomas W Toomey and Warren L Troupe. View Institutional Ownership Trends for UDR.

UDR's stock was sold by a variety of institutional investors in the last quarter, including Lazard Asset Management LLC. Company insiders that have sold UDR stock in the last year include Harry G Alcock, Thomas W Toomey and Warren L Troupe. View Insider Buying and Selling for UDR.

UDR's stock was purchased by a variety of institutional investors in the last quarter, including Quantitative Investment Management LLC. Company insiders that have bought UDR stock in the last two years include Clinton D Mcdonnough and James D Klingbeil. View Insider Buying and Selling for UDR.

Shares of UDR can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of UDR stock can currently be purchased for approximately $39.26.