UDR (UDR) Scheduled to Post Earnings on Wednesday

UDR (NYSE:UDR - Get Free Report) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.62 per share for the quarter. UDR has set its FY 2024 guidance at 2.420-2.500 EPS and its Q3 2024 guidance at 0.610-0.630 EPS.Investors that wish to listen to the company's conference call can do so using this link.

UDR (NYSE:UDR - Get Free Report) last announced its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.53). UDR had a net margin of 8.34% and a return on equity of 3.70%. The firm had revenue of $415.30 million for the quarter, compared to the consensus estimate of $413.75 million. During the same period in the prior year, the business earned $0.61 EPS. The company's quarterly revenue was up 2.7% compared to the same quarter last year. On average, analysts expect UDR to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

UDR Price Performance

NYSE UDR traded up $0.44 on Wednesday, reaching $44.71. The company's stock had a trading volume of 1,610,346 shares, compared to its average volume of 2,512,287. UDR has a twelve month low of $30.95 and a twelve month high of $47.55. The company has a debt-to-equity ratio of 1.57, a quick ratio of 5.82 and a current ratio of 5.82. The firm's 50 day moving average is $44.47 and its two-hundred day moving average is $41.29. The stock has a market cap of $14.72 billion, a PE ratio of 32.08, a PEG ratio of 9.81 and a beta of 0.85.

UDR Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 10th will be paid a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 3.80%. The ex-dividend date of this dividend is Thursday, October 10th. UDR's dividend payout ratio is presently 123.19%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on UDR shares. Royal Bank of Canada dropped their price target on UDR from $41.00 to $40.00 and set a "sector perform" rating on the stock in a report on Thursday, August 1st. The Goldman Sachs Group began coverage on UDR in a report on Wednesday, September 4th. They set a "sell" rating and a $42.00 target price for the company. JPMorgan Chase & Co. lifted their price target on UDR from $43.00 to $50.00 and gave the stock an "overweight" rating in a research note on Monday, September 16th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of UDR from $40.00 to $44.00 and gave the company a "hold" rating in a research note on Tuesday, September 10th. Finally, Scotiabank lifted their target price on shares of UDR from $45.00 to $49.00 and gave the stock a "sector perform" rating in a research report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $44.28.

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.