Zacks: Analysts Anticipate UDR, Inc. (NYSE:UDR) Will Post Quarterly Sales of $353.79 Million

Equities research analysts expect UDR, Inc. (NYSE:UDRGet Rating) to post sales of $353.79 million for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for UDR’s earnings. The lowest sales estimate is $347.90 million and the highest is $357.50 million. UDR reported sales of $299.83 million during the same quarter last year, which indicates a positive year-over-year growth rate of 18%. The firm is expected to issue its next quarterly earnings results after the market closes on Monday, January 1st.

On average, analysts expect that UDR will report full year sales of $1.46 billion for the current financial year, with estimates ranging from $1.40 billion to $1.50 billion. For the next year, analysts expect that the company will post sales of $1.56 billion, with estimates ranging from $1.46 billion to $1.64 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover UDR.

UDR (NYSE:UDRGet Rating) last released its 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). UDR had a net margin of 11.62% and a return on equity of 4.50%. The business had revenue of $347.02 million for the quarter, compared to the consensus estimate of $338.63 million. During the same period in the prior year, the business posted $0.49 EPS. UDR’s revenue for the quarter was up 15.2% on a year-over-year basis.

Several research firms recently commented on UDR. JPMorgan Chase & Co. increased their target price on shares of UDR from $61.00 to $63.00 in a report on Tuesday, January 18th. KeyCorp raised their price target on shares of UDR from $61.00 to $63.00 and gave the stock an “overweight” rating in a report on Thursday, January 13th. Wolfe Research raised shares of UDR from a “peer perform” rating to an “outperform” rating in a report on Tuesday, March 15th. Mizuho cut their price target on shares of UDR from $61.00 to $60.00 and set a “buy” rating on the stock in a report on Wednesday, February 16th. Finally, StockNews.com initiated coverage on shares of UDR in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, UDR currently has a consensus rating of “Buy” and a consensus target price of $60.04.

UDR stock opened at $57.80 on Tuesday. The company has a debt-to-equity ratio of 1.58, a quick ratio of 3.51 and a current ratio of 3.51. UDR has a 52 week low of $44.68 and a 52 week high of $61.06. The firm’s fifty day moving average is $56.98 and its 200 day moving average is $56.87. The firm has a market cap of $18.40 billion, a P/E ratio of 120.42, a P/E/G ratio of 3.13 and a beta of 0.76.

The firm also recently declared 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 is a boost from UDR’s previous quarterly dividend of $0.36. This represents a $1.52 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date of this dividend is Friday, April 8th. UDR’s dividend payout ratio (DPR) is 316.67%.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Nomura Asset Management Co. Ltd. lifted its position in UDR by 8.3% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 336,012 shares of the real estate investment trust’s stock valued at $20,157,000 after acquiring an additional 25,850 shares during the period. Inspire Investing LLC purchased a new position in UDR during the 3rd quarter valued at about $2,138,000. Dupont Capital Management Corp lifted its position in UDR by 19.8% during the 4th quarter. Dupont Capital Management Corp now owns 35,641 shares of the real estate investment trust’s stock valued at $2,138,000 after acquiring an additional 5,885 shares during the period. Desjardins Global Asset Management Inc. purchased a new position in UDR during the 4th quarter valued at about $58,000. Finally, Franklin Resources Inc. increased its stake in UDR by 4.3% during the 3rd quarter. Franklin Resources Inc. now owns 484,360 shares of the real estate investment trust’s stock valued at $25,661,000 after purchasing an additional 19,837 shares in the last quarter. 96.39% of the stock is owned by institutional investors.

About UDR (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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