UDR, Inc. (NYSE:UDR) Expected to Post FY2025 Earnings of $2.58 Per Share

UDR, Inc. (NYSE:UDR) – Stock analysts at Wedbush raised their FY2025 EPS estimates for shares of UDR in a note issued to investors on Monday, August 5th. Wedbush analyst R. Anderson now expects that the real estate investment trust will post earnings of $2.58 per share for the year, up from their previous estimate of $2.57. Wedbush currently has a “Outperform” rating and a $49.00 price target on the stock. The consensus estimate for UDR’s current full-year earnings is $2.45 per share.

UDR (NYSE:UDR) last released its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.53). UDR had a return on equity of 3.70% and a net margin of 8.34%. The firm had revenue of $415.30 million for the quarter, compared to analysts’ expectations of $413.75 million. During the same period last year, the firm earned $0.61 EPS. The business’s quarterly revenue was up 2.7% on a year-over-year basis.

Several other equities research analysts also recently issued reports on the stock. JPMorgan Chase & Co. lifted their price target on shares of UDR from $42.00 to $43.00 and gave the stock an “overweight” rating in a research note on Monday, June 17th. Mizuho boosted their target price on shares of UDR from $35.00 to $38.00 and gave the stock a “neutral” rating in a research report on Thursday, May 30th. Wells Fargo & Company boosted their target price on shares of UDR from $39.00 to $41.00 and gave the stock an “overweight” rating in a research report on Friday, May 31st. Royal Bank of Canada dropped their target price on shares of UDR from $41.00 to $40.00 and set a “sector perform” rating for the company in a research report on Thursday, August 1st. Finally, BMO Capital Markets raised shares of UDR from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $39.00 to $45.00 in a research report on Monday, July 15th. Eleven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, UDR has an average rating of “Hold” and a consensus target price of $41.61.

UDR Stock Performance

UDR stock opened at $41.36 on Wednesday. UDR has a 12-month low of $30.95 and a 12-month high of $42.42. The company has a market capitalization of $13.64 billion, a price-to-earnings ratio of 29.97, a price-to-earnings-growth ratio of 9.08 and a beta of 0.83. The company has a debt-to-equity ratio of 1.57, a current ratio of 5.82 and a quick ratio of 5.82. The firm’s fifty day moving average price is $40.54 and its 200 day moving average price is $38.30.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in UDR by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 51,063,214 shares of the real estate investment trust’s stock valued at $1,910,275,000 after purchasing an additional 233,475 shares during the period. Norges Bank acquired a new position in UDR during the 4th quarter valued at about $1,065,482,000. Cohen & Steers Inc. lifted its stake in shares of UDR by 3.8% in the 4th quarter. Cohen & Steers Inc. now owns 26,775,574 shares of the real estate investment trust’s stock worth $1,025,351,000 after acquiring an additional 984,807 shares during the period. Centersquare Investment Management LLC lifted its stake in shares of UDR by 17.7% in the 1st quarter. Centersquare Investment Management LLC now owns 9,550,638 shares of the real estate investment trust’s stock worth $363,688,000 after acquiring an additional 1,433,463 shares during the period. Finally, Daiwa Securities Group Inc. lifted its stake in shares of UDR by 22.3% in the 1st quarter. Daiwa Securities Group Inc. now owns 7,467,881 shares of the real estate investment trust’s stock worth $279,373,000 after acquiring an additional 1,359,804 shares during the period. 97.84% of the stock is owned by institutional investors and hedge funds.

Insider Activity at UDR

In other UDR news, CEO Thomas W. Toomey sold 90,000 shares of the business’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $39.52, for a total transaction of $3,556,800.00. Following the completion of the transaction, the chief executive officer now directly owns 849,716 shares of the company’s stock, valued at approximately $33,580,776.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.73% of the company’s stock.

UDR Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Wednesday, July 10th were given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.11%. The ex-dividend date was Wednesday, July 10th. UDR’s dividend payout ratio is presently 123.19%.

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 communities in targeted U.S.