UDR (UDR) Scheduled to Post Earnings on Tuesday

UDR (NYSE:UDR) will release its earnings data after the market closes on Tuesday, April 30th. Analysts expect UDR to post earnings of $0.61 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

UDR Stock Performance

Shares of NYSE UDR opened at $37.91 on Friday. The company has a market cap of $12.48 billion, a PE ratio of 28.29, a price-to-earnings-growth ratio of 3.04 and a beta of 0.80. UDR has a 12 month low of $30.95 and a 12 month high of $44.02. The company has a debt-to-equity ratio of 1.47, a current ratio of 5.15 and a quick ratio of 5.15. The company has a 50-day simple moving average of $36.73 and a 200-day simple moving average of $35.96.

UDR Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Wednesday, April 10th will be issued a dividend of $0.425 per share. The ex-dividend date of this dividend is Tuesday, April 9th. This is an increase from UDR’s previous quarterly dividend of $0.42. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.48%. UDR’s payout ratio is 126.87%.

Analyst Ratings Changes

A number of brokerages have recently commented on UDR. Wells Fargo & Company upgraded shares of UDR from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $34.00 to $39.00 in a report on Monday, March 4th. Morgan Stanley restated an “equal weight” rating and issued a $37.00 target price on shares of UDR in a report on Monday, February 26th. Barclays downgraded shares of UDR from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $46.00 to $37.00 in a report on Tuesday, February 20th. The Goldman Sachs Group started coverage on shares of UDR in a report on Thursday, February 22nd. They issued a “neutral” rating and a $39.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of UDR in a report on Tuesday, January 30th. They issued a “hold” rating and a $40.00 target price for the company. Eleven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $41.83.

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.