Equities Analysts Offer Predictions for UDR, Inc.’s FY2024 Earnings (NYSE:UDR)

UDR, Inc. (NYSE:UDR) – Research analysts at Wedbush raised their FY2024 earnings estimates for UDR in a research note issued to investors on Monday, May 6th. Wedbush analyst R. Anderson now forecasts that the real estate investment trust will post earnings per share of $2.46 for the year, up from their prior forecast of $2.45. Wedbush has a “Outperform” rating and a $45.00 price objective on the stock. The consensus estimate for UDR’s current full-year earnings is $2.44 per share.

UDR has been the subject of several other reports. The Goldman Sachs Group began coverage on UDR in a research report on Thursday, February 22nd. They issued a “neutral” rating and a $39.00 price target for the company. Scotiabank downgraded shares of UDR from a “sector outperform” rating to a “sector perform” rating and set a $39.00 price target on the stock. in a report on Wednesday, May 1st. Morgan Stanley reaffirmed an “equal weight” rating and set a $37.00 price objective on shares of UDR in a research note on Monday, February 26th. Truist Financial cut their price target on shares of UDR from $45.00 to $42.00 and set a “buy” rating for the company in a report on Tuesday, April 9th. Finally, UBS Group raised shares of UDR from a “neutral” rating to a “buy” rating and upped their price target for the stock from $38.00 to $44.00 in a report on Thursday, April 25th. Twelve research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $41.72.

UDR Stock Up 0.2 %

UDR opened at $38.97 on Wednesday. UDR has a 12 month low of $30.95 and a 12 month high of $44.02. The company has a market cap of $12.83 billion, a PE ratio of 28.24, a price-to-earnings-growth ratio of 3.06 and a beta of 0.79. The company has a current ratio of 6.61, a quick ratio of 6.61 and a debt-to-equity ratio of 1.49. The company has a 50 day moving average of $37.08 and a 200 day moving average of $36.07.

UDR Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Wednesday, April 10th were issued a dividend of $0.425 per share. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $1.70 annualized dividend and a dividend yield of 4.36%. This is a positive change from UDR’s previous quarterly dividend of $0.42. UDR’s dividend payout ratio (DPR) is currently 123.19%.

Institutional Trading of UDR

Several hedge funds have recently added to or reduced their stakes in the business. Principal Securities Inc. purchased a new stake in UDR during the 4th quarter valued at about $26,000. Fidelis Capital Partners LLC purchased a new stake in shares of UDR during the first quarter valued at approximately $26,000. Quest Partners LLC bought a new position in shares of UDR in the fourth quarter worth approximately $27,000. Parkside Financial Bank & Trust increased its stake in shares of UDR by 225.7% in the third quarter. Parkside Financial Bank & Trust now owns 1,088 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 754 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its holdings in UDR by 87.3% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,435 shares of the real estate investment trust’s stock valued at $55,000 after buying an additional 669 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.