Equities Analysts Offer Predictions for UDR FY2024 Earnings

UDR, Inc. (NYSE:UDR) – Stock analysts at Zacks Research boosted their FY2024 EPS estimates for UDR in a research note issued on Wednesday, November 20th. Zacks Research analyst R. Department now anticipates that the real estate investment trust will post earnings per share of $2.48 for the year, up from their previous forecast of $2.46. The consensus estimate for UDR’s current full-year earnings is $2.47 per share. Zacks Research also issued estimates for UDR’s Q4 2024 earnings at $0.63 EPS, Q1 2025 earnings at $0.61 EPS, Q2 2025 earnings at $0.63 EPS, Q4 2025 earnings at $0.64 EPS, FY2025 earnings at $2.51 EPS and Q3 2026 earnings at $0.67 EPS.

Several other brokerages have also recently issued reports on UDR. JPMorgan Chase & Co. upped their target price on shares of UDR from $43.00 to $50.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. Piper Sandler upped their price objective on UDR from $40.00 to $46.00 and gave the company a “neutral” rating in a research report on Monday, August 26th. BNP Paribas assumed coverage on UDR in a report on Wednesday, September 11th. They issued an “outperform” rating and a $49.00 target price for the company. UBS Group raised their price target on UDR from $48.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, September 12th. Finally, The Goldman Sachs Group assumed coverage on shares of UDR in a research report on Wednesday, September 4th. They set a “sell” rating and a $42.00 price objective on the stock. Two analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $45.18.

UDR Trading Up 0.6 %

Shares of UDR opened at $45.09 on Friday. UDR has a fifty-two week low of $32.85 and a fifty-two week high of $47.55. The company has a debt-to-equity ratio of 1.69, a quick ratio of 5.91 and a current ratio of 5.91. The company’s fifty day moving average is $44.50 and its 200 day moving average is $42.30. The stock has a market capitalization of $14.88 billion, a PE ratio of 121.87, a P/E/G ratio of 12.43 and a beta of 0.85.

Institutional Investors Weigh In On UDR

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. FMR LLC lifted its stake in shares of UDR by 14.8% in the third quarter. FMR LLC now owns 11,401,026 shares of the real estate investment trust’s stock worth $516,923,000 after buying an additional 1,471,855 shares in the last quarter. Daiwa Securities Group Inc. lifted its stake in UDR by 2.3% in the 3rd quarter. Daiwa Securities Group Inc. now owns 7,109,980 shares of the real estate investment trust’s stock worth $322,366,000 after purchasing an additional 159,625 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of UDR by 2.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,732,429 shares of the real estate investment trust’s stock worth $194,737,000 after purchasing an additional 103,384 shares during the last quarter. Capital Research Global Investors acquired a new position in UDR during the first quarter worth $176,137,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in UDR by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,272,032 shares of the real estate investment trust’s stock valued at $193,694,000 after buying an additional 117,213 shares in the last quarter. Institutional investors and hedge funds own 97.84% of the company’s stock.

UDR Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th were paid a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date was Thursday, October 10th. UDR’s dividend payout ratio is presently 459.47%.

UDR Company Profile

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.