UDR, Inc. (NYSE:UDR - Free Report) - Equities research analysts at Zacks Research raised their FY2024 earnings per share estimates for UDR in a report issued 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 research analysts also recently commented on UDR. JPMorgan Chase & Co. raised their price objective on UDR from $43.00 to $50.00 and gave the stock an "overweight" rating in a report on Monday, September 16th. Piper Sandler lifted their price objective on UDR from $40.00 to $46.00 and gave the company a "neutral" rating in a report on Monday, August 26th. Scotiabank dropped their target price on shares of UDR from $49.00 to $48.00 and set a "sector perform" rating on the stock in a report on Thursday, November 14th. Truist Financial boosted their price target on shares of UDR from $44.00 to $47.00 and gave the company a "buy" rating in a report on Monday, August 26th. Finally, StockNews.com downgraded shares of UDR from a "hold" rating to a "sell" rating in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, UDR has a consensus rating of "Hold" and an average target price of $45.18.
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UDR stock opened at $44.81 on Friday. The stock has a market cap of $14.79 billion, a price-to-earnings ratio of 121.11, a price-to-earnings-growth ratio of 12.35 and a beta of 0.85. The firm has a 50-day moving average of $44.54 and a two-hundred day moving average of $42.26. UDR has a 1 year low of $32.85 and a 1 year high of $47.55. The company has a debt-to-equity ratio of 1.69, a current ratio of 5.91 and a quick ratio of 5.91.
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th were paid a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date was Thursday, October 10th. UDR's dividend payout ratio (DPR) is presently 459.47%.
Several institutional investors have recently added to or reduced their stakes in UDR. Bessemer Group Inc. boosted its stake in UDR by 2,250.3% in the 1st quarter. Bessemer Group Inc. now owns 37,416 shares of the real estate investment trust's stock worth $1,399,000 after purchasing an additional 35,824 shares in the last quarter. Natixis raised its holdings in shares of UDR by 22.0% in the first quarter. Natixis now owns 33,071 shares of the real estate investment trust's stock worth $1,237,000 after buying an additional 5,966 shares during the last quarter. Capital Research Global Investors purchased a new position in shares of UDR in the first quarter worth $176,137,000. Canada Pension Plan Investment Board lifted its stake in shares of UDR by 2.7% during the first quarter. Canada Pension Plan Investment Board now owns 2,906,297 shares of the real estate investment trust's stock worth $108,725,000 after buying an additional 76,000 shares during the period. Finally, Magnetar Financial LLC purchased a new stake in shares of UDR during the first quarter valued at $301,000. Institutional investors and hedge funds own 97.84% of the company's stock.
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.
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