Equities Analysts Offer Predictions for UDR FY2024 Earnings

UDR, Inc. (NYSE:UDR - Free Report) - Zacks Research raised their FY2024 earnings per share (EPS) estimates for UDR in a research report issued to clients and investors on Wednesday, November 20th. Zacks Research analyst R. Department now expects that the real estate investment trust will post earnings per share of $2.48 for the year, up from their previous estimate 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 equities research analysts also recently issued reports on UDR. Scotiabank lowered their price target on UDR from $49.00 to $48.00 and set a "sector perform" rating on the stock in a research report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft lifted their target price on UDR from $40.00 to $44.00 and gave the stock a "hold" rating in a research report on Tuesday, September 10th. UBS Group lifted their target price on UDR from $48.00 to $52.00 and gave the stock a "buy" rating in a research report on Thursday, September 12th. BNP Paribas began coverage on shares of UDR in a research note on Wednesday, September 11th. They set an "outperform" rating and a $49.00 price target for the company. Finally, Wedbush raised their price target on shares of UDR from $45.00 to $49.00 and gave the stock an "outperform" rating in a research note on Monday, August 5th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, UDR currently has an average rating of "Hold" and a consensus price target of $45.18.

UDR Stock Up 0.8 %

Shares of NYSE:UDR traded up $0.34 during midday trading on Friday, hitting $45.15. 457,720 shares of the stock were exchanged, compared to its average volume of 2,480,342. The company has a debt-to-equity ratio of 1.69, a quick ratio of 5.91 and a current ratio of 5.91. UDR has a 52-week low of $32.85 and a 52-week high of $47.55. The business's fifty day simple moving average is $44.54 and its two-hundred day simple moving average is $42.26. The company has a market capitalization of $14.90 billion, a PE ratio of 121.11, a P/E/G ratio of 12.35 and a beta of 0.85.

UDR Announces Dividend

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Capital Research Global Investors bought a new stake in shares of UDR in the first quarter worth $176,137,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of UDR by 862.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,086,964 shares of the real estate investment trust's stock worth $139,963,000 after purchasing an additional 2,766,172 shares during the last quarter. Mizuho Securities USA LLC grew its stake in shares of UDR by 8,460.5% in the third quarter. Mizuho Securities USA LLC now owns 2,000,000 shares of the real estate investment trust's stock worth $90,680,000 after purchasing an additional 1,976,637 shares during the last quarter. Millennium Management LLC grew its stake in shares of UDR by 115.3% in the second quarter. Millennium Management LLC now owns 3,499,150 shares of the real estate investment trust's stock worth $143,990,000 after purchasing an additional 1,874,096 shares during the last quarter. Finally, FMR LLC grew 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 purchasing an additional 1,471,855 shares during the last quarter. 97.84% of the stock is owned by institutional investors.

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.