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

UDR, Inc. (NYSE:UDRGet 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:UDRGet 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.

Further Reading

Earnings History and Estimates for UDR (NYSE:UDR)

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