UDR, Inc. (NYSE:UDR) – Equities research analysts at SunTrust Banks cut their Q3 2019 earnings per share estimates for shares of UDR in a research report issued to clients and investors on Monday, August 12th. SunTrust Banks analyst M. Lewis now anticipates that the real estate investment trust will post earnings of $0.51 per share for the quarter, down from their previous forecast of $0.52. SunTrust Banks also issued estimates for UDR’s Q4 2019 earnings at $0.53 EPS, Q1 2020 earnings at $0.53 EPS, Q2 2020 earnings at $0.54 EPS, Q3 2020 earnings at $0.53 EPS, Q4 2020 earnings at $0.54 EPS, FY2020 earnings at $2.14 EPS, FY2021 earnings at $2.20 EPS and FY2022 earnings at $2.24 EPS.

Several other research firms have also recently issued reports on UDR. TheStreet upgraded shares of UDR from a “c” rating to a “b-” rating in a research note on Tuesday, July 30th. Mizuho increased their target price on shares of UDR from $51.00 to $52.00 and gave the stock a “buy” rating in a research note on Tuesday. Zacks Investment Research cut shares of UDR from a “buy” rating to a “hold” rating in a research note on Wednesday, May 15th. ValuEngine cut shares of UDR from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Finally, Wells Fargo & Co increased their target price on shares of UDR from $46.00 to $47.00 and gave the stock a “market perform” rating in a research note on Tuesday. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company. UDR currently has a consensus rating of “Hold” and a consensus price target of $45.08.

NYSE UDR opened at $46.57 on Wednesday. UDR has a 1 year low of $37.87 and a 1 year high of $47.73. The company has a debt-to-equity ratio of 1.32, a current ratio of 6.43 and a quick ratio of 6.43. The stock has a market capitalization of $13.55 billion, a PE ratio of 23.76, a P/E/G ratio of 4.04 and a beta of 0.47. The company’s 50 day simple moving average is $46.08 and its two-hundred day simple moving average is $45.21.

Several large investors have recently modified their holdings of the company. M&T Bank Corp grew its holdings in shares of UDR by 1.1% during the 2nd quarter. M&T Bank Corp now owns 18,802 shares of the real estate investment trust’s stock valued at $844,000 after purchasing an additional 211 shares during the last quarter. Oakbrook Investments LLC grew its holdings in shares of UDR by 1.8% during the 2nd quarter. Oakbrook Investments LLC now owns 13,274 shares of the real estate investment trust’s stock valued at $596,000 after purchasing an additional 230 shares during the last quarter. Cornerstone Advisors Inc. grew its holdings in shares of UDR by 66.8% during the 1st quarter. Cornerstone Advisors Inc. now owns 577 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 231 shares during the last quarter. 6 Meridian grew its holdings in shares of UDR by 2.0% during the 2nd quarter. 6 Meridian now owns 11,688 shares of the real estate investment trust’s stock valued at $525,000 after purchasing an additional 234 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its holdings in shares of UDR by 5.9% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 6,027 shares of the real estate investment trust’s stock valued at $271,000 after purchasing an additional 338 shares during the last quarter. 96.44% of the stock is currently owned by hedge funds and other institutional investors.

In other news, CFO Joseph D. Fisher sold 3,250 shares of the stock in a transaction on Friday, June 7th. The shares were sold at an average price of $46.41, for a total value of $150,832.50. Following the transaction, the chief financial officer now owns 28,394 shares of the company’s stock, valued at approximately $1,317,765.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Jerry A. Davis sold 10,000 shares of the stock in a transaction on Monday, July 1st. The stock was sold at an average price of $45.21, for a total transaction of $452,100.00. Following the completion of the transaction, the chief operating officer now directly owns 193,065 shares in the company, valued at approximately $8,728,468.65. The disclosure for this sale can be found here. Insiders sold a total of 18,250 shares of company stock worth $835,983 in the last three months. Insiders own 2.85% of the company’s stock.

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 10th were issued a $0.343 dividend. This represents a $1.37 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date was Tuesday, July 9th. UDR’s payout ratio is 69.90%.

About UDR

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 properties in targeted U.S.

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Earnings History and Estimates for UDR (NYSE:UDR)

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