Wedbush Has Optimistic Outlook of UDR FY2025 Earnings

UDR, Inc. (NYSE:UDR) – Stock analysts at Wedbush increased their FY2025 earnings per share (EPS) estimates for shares of UDR in a research report issued on Monday, May 5th. Wedbush analyst R. Anderson now expects that the real estate investment trust will earn $2.53 per share for the year, up from their prior forecast of $2.50. The consensus estimate for UDR’s current full-year earnings is $2.51 per share.

UDR (NYSE:UDR) last announced its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $0.61 EPS for the quarter, hitting the consensus estimate of $0.61. The company had revenue of $419.84 million during the quarter, compared to analyst estimates of $421.23 million. UDR had a return on equity of 2.65% and a net margin of 5.36%. The firm’s revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.61 earnings per share.

UDR has been the subject of several other research reports. Zelman & Associates reissued a “neutral” rating on shares of UDR in a research report on Thursday, February 13th. Evercore ISI increased their price target on UDR from $43.00 to $45.00 and gave the company an “in-line” rating in a report on Monday, February 10th. Wells Fargo & Company reduced their price objective on UDR from $48.00 to $45.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Truist Financial lowered UDR from a “buy” rating to a “hold” rating and increased their target price for the company from $45.00 to $46.00 in a research note on Monday, March 10th. Finally, Royal Bank of Canada boosted their price target on UDR from $43.00 to $44.00 and gave the stock a “sector perform” rating in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $46.12.

UDR Trading Down 0.4 %

NYSE UDR opened at $42.85 on Wednesday. The firm has a market capitalization of $14.19 billion, a price-to-earnings ratio of 171.40, a PEG ratio of 8.67 and a beta of 0.84. The company has a debt-to-equity ratio of 1.71, a quick ratio of 5.91 and a current ratio of 5.61. UDR has a one year low of $36.61 and a one year high of $47.55. The company’s 50 day moving average price is $42.65 and its 200 day moving average price is $43.04.

UDR Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th were paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 4.01%. This is an increase from UDR’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Thursday, April 10th. UDR’s dividend payout ratio is 491.43%.

Insiders Place Their Bets

In other news, CEO Thomas W. Toomey sold 25,000 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $42.75, for a total transaction of $1,068,750.00. Following the transaction, the chief executive officer now owns 824,716 shares of the company’s stock, valued at approximately $35,256,609. This trade represents a 2.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.39% of the stock is owned by company insiders.

Institutional Trading of UDR

Institutional investors and hedge funds have recently bought and sold shares of the company. Spire Wealth Management lifted its stake in UDR by 3,079.2% during the first quarter. Spire Wealth Management now owns 763 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 739 shares during the last quarter. Sentry Investment Management LLC acquired a new stake in shares of UDR during the first quarter worth $47,000. Horizon Financial Services LLC bought a new position in shares of UDR in the 1st quarter worth about $51,000. Smartleaf Asset Management LLC boosted its holdings in shares of UDR by 68.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,206 shares of the real estate investment trust’s stock valued at $52,000 after buying an additional 491 shares during the period. Finally, Continuum Advisory LLC grew its position in shares of UDR by 38.0% during the 4th quarter. Continuum Advisory LLC now owns 1,275 shares of the real estate investment trust’s stock valued at $55,000 after buying an additional 351 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.