Q2 2024 EPS Estimates for UDR, Inc. Raised by Wedbush (NYSE:UDR)

UDR, Inc. (NYSE:UDR) – Equities research analysts at Wedbush increased their Q2 2024 earnings per share estimates for shares of UDR in a research report issued to clients and investors on Monday, May 6th. Wedbush analyst R. Anderson now forecasts that the real estate investment trust will earn $0.62 per share for the quarter, up from their prior estimate of $0.61. 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. Wedbush also issued estimates for UDR’s Q3 2024 earnings at $0.62 EPS, Q4 2024 earnings at $0.63 EPS and FY2025 earnings at $2.57 EPS.

UDR has been the topic of a number of other reports. Deutsche Bank Aktiengesellschaft started coverage on shares of UDR in a report on Tuesday, January 30th. They set a “hold” rating and a $40.00 target price on the stock. Scotiabank lowered shares of UDR from a “sector outperform” rating to a “sector perform” rating and set a $39.00 price objective on the stock. in a research note on Wednesday, May 1st. Barclays downgraded shares of UDR from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $46.00 to $37.00 in a research note on Tuesday, February 20th. UBS Group upgraded UDR from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $38.00 to $44.00 in a report on Thursday, April 25th. Finally, Wells Fargo & Company upgraded UDR from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $34.00 to $39.00 in a research note on Monday, March 4th. Twelve research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $41.72.

UDR Trading Up 0.2 %

Shares of NYSE:UDR opened at $38.97 on Tuesday. The stock has a market capitalization 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’s 50-day moving average price is $37.08 and its two-hundred day moving average price is $36.07. The company has a debt-to-equity ratio of 1.49, a current ratio of 6.61 and a quick ratio of 6.61. UDR has a one year low of $30.95 and a one year high of $44.02.

UDR Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Wednesday, April 10th were issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 4.36%. The ex-dividend date of this dividend was Tuesday, April 9th. This is a boost from UDR’s previous quarterly dividend of $0.42. UDR’s dividend payout ratio is presently 123.19%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in UDR. Principal Securities Inc. bought a new stake in UDR in the fourth quarter valued at approximately $26,000. Fidelis Capital Partners LLC acquired a new stake in shares of UDR during the first quarter worth $26,000. Quest Partners LLC bought a new position in UDR during the fourth quarter worth $27,000. Parkside Financial Bank & Trust lifted its holdings in 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 valued at $39,000 after buying an additional 754 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its position in UDR by 87.3% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,435 shares of the real estate investment trust’s stock valued at $55,000 after acquiring an additional 669 shares during the last quarter. Institutional investors and hedge funds own 97.84% of the company’s stock.

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.