UDR, Inc. (NYSE:UDR) announced a quarterly dividend on Thursday, June 20th, NASDAQ reports. Investors of record on Wednesday, July 10th will be given a dividend of 0.343 per share by the real estate investment trust on Wednesday, July 31st. This represents a $1.37 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date of this dividend is Tuesday, July 9th.
UDR has raised its dividend by an average of 5.4% annually over the last three years and has increased its dividend every year for the last 9 years. UDR has a payout ratio of 70.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect UDR to earn $2.14 per share next year, which means the company should continue to be able to cover its $1.37 annual dividend with an expected future payout ratio of 64.0%.
UDR stock opened at $46.26 on Friday. The company has a 50 day simple moving average of $45.66. The company has a debt-to-equity ratio of 1.23, a quick ratio of 6.64 and a current ratio of 6.64. The stock has a market capitalization of $13.04 billion, a P/E ratio of 23.60, a PEG ratio of 3.94 and a beta of 0.46. UDR has a 1-year low of $36.40 and a 1-year high of $47.11.
UDR (NYSE:UDR) last posted its earnings results on Tuesday, April 30th. The real estate investment trust reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.42). The firm had revenue of $270.67 million for the quarter, compared to analysts’ expectations of $267.41 million. UDR had a return on equity of 5.38% and a net margin of 13.70%. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.30 earnings per share. Research analysts expect that UDR will post 2.06 EPS for the current fiscal year.
UDR has been the subject of a number of analyst reports. Barclays set a €45.00 ($52.33) price target on Zalando and gave the stock a “buy” rating in a report on Tuesday, April 16th. Zacks Investment Research cut HEXO from a “hold” rating to a “sell” rating in a report on Wednesday, May 15th. BMO Capital Markets reissued a “hold” rating and issued a $54.00 price target on shares of Apartment Investment and Management in a report on Monday, March 25th. Finally, TheStreet lowered UDR from a “b” rating to a “c” rating in a research note on Tuesday, April 30th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $44.20.
In other news, VP Warren L. Troupe sold 5,000 shares of the company’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $46.61, for a total value of $233,050.00. Following the completion of the sale, the vice president now owns 490,761 shares of the company’s stock, valued at $22,874,370.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Jerry A. Davis sold 10,000 shares of the company’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $45.21, for a total value of $452,100.00. Following the completion of the sale, the chief operating officer now directly owns 193,065 shares of the company’s stock, valued at approximately $8,728,468.65. The disclosure for this sale can be found here. In the last three months, insiders have sold 39,750 shares of company stock valued at $1,787,118. 2.85% of the stock is owned by company insiders.
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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