Jefferies Financial Group Comments on UDR, Inc.’s Q2 2022 Earnings (NYSE:UDR)

UDR, Inc. (NYSE:UDR – Get Rating) – Equities researchers at Jefferies Financial Group upped their Q2 2022 EPS estimates for shares of UDR in a research note issued on Wednesday, May 11th. Jefferies Financial Group analyst J. Petersen now forecasts that the real estate investment trust will post earnings of $0.57 per share for the quarter, up from their previous forecast of $0.56. Jefferies Financial Group also issued estimates for UDR’s Q3 2022 earnings at $0.58 EPS, Q4 2022 earnings at $0.59 EPS, FY2022 earnings at $2.29 EPS, Q1 2023 earnings at $0.60 EPS, Q2 2023 earnings at $0.62 EPS, Q3 2023 earnings at $0.62 EPS, Q4 2023 earnings at $0.63 EPS, FY2023 earnings at $2.47 EPS, Q1 2024 earnings at $0.65 EPS, FY2024 earnings at $2.63 EPS and FY2025 earnings at $2.80 EPS.

UDR (NYSE:UDR – Get Rating) last posted its quarterly earnings results on Tuesday, April 26th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.51). UDR had a net margin of 11.93% and a return on equity of 4.79%. During the same period in the prior year, the firm posted $0.47 earnings per share.

Several other equities analysts have also weighed in on UDR. Mizuho cut their target price on UDR from $61.00 to $60.00 and set a “buy” rating on the stock in a research note on Wednesday, February 16th. Barclays cut their target price on UDR from $63.00 to $56.00 in a research note on Tuesday. KeyCorp increased their target price on UDR from $61.00 to $63.00 and gave the company an “overweight” rating in a research note on Thursday, January 13th. JPMorgan Chase & Co. raised their price target on UDR from $61.00 to $63.00 in a research report on Tuesday, January 18th. Finally, Wolfe Research raised UDR from a “peer perform” rating to an “outperform” rating in a research report on Tuesday, March 15th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, UDR presently has an average rating of “Buy” and a consensus target price of $59.68.

NYSE:UDR opened at $47.94 on Friday. UDR has a 1-year low of $44.85 and a 1-year high of $61.06. The business’s 50-day moving average price is $56.02 and its two-hundred day moving average price is $56.57. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 1.64. The firm has a market capitalization of $15.26 billion, a price-to-earnings ratio of 94.00, a PEG ratio of 2.41 and a beta of 0.76.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mercer Global Advisors Inc. ADV raised its holdings in UDR by 2.9% in the 1st quarter. Mercer Global Advisors Inc. ADV now owns 8,205 shares of the real estate investment trust’s stock valued at $471,000 after acquiring an additional 228 shares in the last quarter. NuWave Investment Management LLC raised 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 acquiring an additional 232 shares in the last quarter. Commerce Bank raised its holdings in UDR by 2.9% in the 4th quarter. Commerce Bank now owns 8,219 shares of the real estate investment trust’s stock valued at $493,000 after acquiring an additional 232 shares in the last quarter. Credit Agricole S A raised its holdings in shares of UDR by 15.0% during the 4th quarter. Credit Agricole S A now owns 1,810 shares of the real estate investment trust’s stock worth $109,000 after buying an additional 236 shares in the last quarter. Finally, Allworth Financial LP raised its holdings in shares of UDR by 16.5% during the 1st quarter. Allworth Financial LP now owns 1,695 shares of the real estate investment trust’s stock worth $97,000 after buying an additional 240 shares in the last quarter. Institutional investors and hedge funds own 96.39% of the company’s stock.

The company also recently declared a quarterly dividend, which was paid on Monday, May 2nd. Investors of record on Monday, April 11th were paid a $0.38 dividend. The ex-dividend date was Friday, April 8th. This is an increase from UDR’s previous quarterly dividend of $0.36. This represents a $1.52 annualized dividend and a yield of 3.17%. UDR’s payout ratio is 298.05%.

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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