Equities Analysts Offer Predictions for UDR, Inc.’s Q3 2022 Earnings (NYSE:UDR)

UDR, Inc. (NYSE:UDRGet Rating) – Jefferies Financial Group boosted their Q3 2022 EPS estimates for shares of UDR in a research report issued to clients and investors on Thursday, April 14th. Jefferies Financial Group analyst J. Petersen now anticipates that the real estate investment trust will post earnings per share of $0.57 for the quarter, up from their previous estimate of $0.56. Jefferies Financial Group also issued estimates for UDR’s Q4 2022 earnings at $0.58 EPS, FY2022 earnings at $2.25 EPS, Q2 2023 earnings at $0.60 EPS, FY2023 earnings at $2.39 EPS and FY2024 earnings at $2.55 EPS.

Several other equities research analysts also recently weighed in on UDR. Wolfe Research raised UDR from a “peer perform” rating to an “outperform” rating in a report on Tuesday, March 15th. TheStreet raised UDR from a “c” rating to a “b-” rating in a report on Tuesday, February 8th. StockNews.com started coverage on UDR in a report on Thursday, March 31st. They set a “hold” rating for the company. Mizuho decreased their price target on UDR from $61.00 to $60.00 and set a “buy” rating for the company in a report on Wednesday, February 16th. Finally, JPMorgan Chase & Co. increased their price target on UDR from $61.00 to $63.00 in a report on Tuesday, January 18th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $60.04.

Shares of UDR opened at $57.58 on Friday. The company has a current ratio of 3.51, a quick ratio of 3.51 and a debt-to-equity ratio of 1.58. The company’s 50 day simple moving average is $56.61 and its 200-day simple moving average is $56.59. UDR has a 12-month low of $44.23 and a 12-month high of $61.06. The firm has a market cap of $18.33 billion, a PE ratio of 119.96, a price-to-earnings-growth ratio of 3.04 and a beta of 0.76.

UDR (NYSE:UDRGet Rating) last announced its quarterly earnings results on Tuesday, February 8th. The real estate investment trust reported $0.37 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.17). The company had revenue of $347.02 million during the quarter, compared to analysts’ expectations of $338.63 million. UDR had a net margin of 11.62% and a return on equity of 4.50%. The business’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.49 earnings per share.

Institutional investors and hedge funds have recently bought and sold shares of the business. Signaturefd LLC grew its holdings in UDR by 71.9% in the 3rd quarter. Signaturefd LLC now owns 490 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 205 shares during the period. CVA Family Office LLC purchased a new stake in UDR in the 4th quarter valued at about $28,000. Dixon Hughes Goodman Wealth Advisors LLC grew its holdings in UDR by 111.1% in the 1st quarter. Dixon Hughes Goodman Wealth Advisors LLC now owns 684 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 360 shares during the period. NuWave Investment Management LLC grew its holdings in UDR by 32.6% in the 4th quarter. NuWave Investment Management LLC now owns 943 shares of the real estate investment trust’s stock valued at $57,000 after buying an additional 232 shares during the period. Finally, Desjardins Global Asset Management Inc. purchased a new stake in UDR in the 4th quarter valued at about $58,000. Institutional investors own 96.39% of the company’s stock.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 2nd. Investors of record on Monday, April 11th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date is Friday, April 8th. This is a boost from UDR’s previous quarterly dividend of $0.36. UDR’s dividend payout ratio (DPR) is currently 316.67%.

UDR Company Profile (Get Rating)

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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Earnings History and Estimates for UDR (NYSE:UDR)

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