UDR (NYSE:UDR) Releases Q4 2024 Earnings Guidance

UDR (NYSE:UDR) issued an update on its fourth quarter 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 0.620-0.640 for the period, compared to the consensus EPS estimate of 0.630. The company issued revenue guidance of -. UDR also updated its FY 2024 guidance to 2.470-2.490 EPS.

UDR Price Performance

UDR stock traded down $0.87 during midday trading on Thursday, reaching $42.68. 1,396,351 shares of the stock traded hands, compared to its average volume of 2,491,672. UDR has a 12 month low of $30.95 and a 12 month high of $47.55. The stock has a market cap of $14.08 billion, a P/E ratio of 106.22, a PEG ratio of 9.62 and a beta of 0.85. The stock’s fifty day moving average is $44.73 and its 200-day moving average is $41.54. The company has a quick ratio of 5.82, a current ratio of 5.82 and a debt-to-equity ratio of 1.57.

UDR (NYSE:UDR) last posted its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.53). UDR had a return on equity of 3.70% and a net margin of 8.34%. The firm had revenue of $415.30 million for the quarter, compared to the consensus estimate of $413.75 million. During the same period in the previous year, the company posted $0.61 EPS. UDR’s quarterly revenue was up 2.7% compared to the same quarter last year. As a group, equities research analysts anticipate that UDR will post 2.47 EPS for the current year.

UDR Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th will be paid a $0.425 dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.98%. UDR’s payout ratio is currently 414.63%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. BNP Paribas assumed coverage on UDR in a research report on Wednesday, September 11th. They set an “outperform” rating and a $49.00 target price on the stock. UBS Group upped their price objective on shares of UDR from $48.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, September 12th. Wells Fargo & Company raised their price objective on UDR from $41.00 to $48.00 and gave the stock an “overweight” rating in a research report on Monday, August 26th. Piper Sandler boosted their target price on UDR from $40.00 to $46.00 and gave the stock a “neutral” rating in a research note on Monday, August 26th. Finally, Truist Financial boosted their price objective on shares of UDR from $44.00 to $47.00 and gave the stock a “buy” rating in a report on Monday, August 26th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, UDR currently has a consensus rating of “Hold” and a consensus target price of $44.28.

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.