Published On: Thu, Sep 8th, 2016

UDR Inc. (UDR) Releases Q3 Earnings Guidance

UDR Inc. (NYSE:UDR) issued an update on its third quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.44-0.46 for the period, compared to the Thomson Reuters consensus estimate of $0.45. UDR also updated its FY16 guidance to $1.77-1.80 EPS.
UDR Inc. (NYSE:UDR) opened at 36.75 on Thursday. The firm has a market cap of $9.81 billion and a P/E ratio of 47.18. The stock’s 50 day moving average is $36.63 and its 200 day moving average is $36.22. UDR Inc. has a 12-month low of $31.05 and a 12-month high of $38.61.
UDR (NYSE:UDR) last issued its quarterly earnings data on Tuesday, July 26th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.44. During the same period in the previous year, the business posted $0.41 earnings per share. The business had revenue of $238.79 million for the quarter, compared to analyst estimates of $235.77 million. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. On average, equities research analysts expect that UDR Inc. will post $1.78 EPS for the current year.

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A number of analysts recently issued reports on the company. Citigroup raised their price objective on UDR from $37.00 to $38.00 and gave the stock a neutral rating in a research report on Tuesday, August 2nd. Mizuho raised UDR from a neutral rating to a buy rating and raised their price objective for the stock from $37.00 to $41.00 in a research report on Monday, August 1st. Zacks Investment Research raised UDR from a sell rating to a hold rating in a research report on Tuesday, July 19th. BTIG Research initiated coverage on UDR in a report on Thursday, August 25th. They set a buy rating and a $42.00 target price for the company. Finally, Cantor Fitzgerald restated a buy rating and set a $39.50 target price on shares of UDR in a report on Monday, July 18th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the stock. UDR presently has an average rating of Hold and an average target price of $38.50.
In other UDR news, Director Clinton D. Mcdonnough bought 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 24th. The stock was purchased at an average price of $35.65 per share, for a total transaction of $71,300.00. Following the completion of the purchase, the director now directly owns 4,000 shares in the company, valued at $142,600. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Harry G. Alcock sold 7,500 shares of the business’s stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $36.97, for a total value of $277,275.00. Following the sale, the senior vice president now owns 120,145 shares of the company’s stock, valued at approximately $4,441,760.65. The disclosure for this sale can be found here. 2.79% of the stock is owned by insiders.
UDR, Inc is a real estate investment trust. The Company owns, operates, acquires, renovates, develops, redevelops and manages multifamily apartment communities generally located in various markets across the United States. The Company operates through two segments: Same-Store Communities and Non-Mature Communities/Other.

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