Analysts Expect United Dominion Realty Trust, Inc. (NYSE:UDR) Will Announce Earnings of $0.47 Per Share

Analysts expect United Dominion Realty Trust, Inc. (NYSE:UDR) to post earnings per share of $0.47 for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for United Dominion Realty Trust’s earnings. The highest EPS estimate is $0.47 and the lowest is $0.46. United Dominion Realty Trust reported earnings per share of $0.44 during the same quarter last year, which suggests a positive year-over-year growth rate of 6.8%. The company is scheduled to issue its next quarterly earnings report after the market closes on Wednesday, July 26th.

On average, analysts expect that United Dominion Realty Trust will report full year earnings of $1.86 per share for the current fiscal year, with EPS estimates ranging from $1.80 to $1.88. For the next financial year, analysts forecast that the company will report earnings of $1.94 per share, with EPS estimates ranging from $1.90 to $1.98. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for United Dominion Realty Trust.

United Dominion Realty Trust (NYSE:UDR) last issued its earnings results on Monday, April 24th. The real estate investment trust reported $0.45 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.45. The company had revenue of $243.80 million during the quarter, compared to the consensus estimate of $240.55 million. United Dominion Realty Trust had a return on equity of 10.43% and a net margin of 31.84%. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period last year, the business posted $0.43 EPS.

Several research firms have recently commented on UDR. Barclays PLC boosted their price target on shares of United Dominion Realty Trust from $36.00 to $37.00 and gave the company an “equal weight” rating in a report on Wednesday, April 19th. Evercore ISI downgraded shares of United Dominion Realty Trust from an “in-line” rating to an “underperform” rating and set a $38.00 price objective on the stock. in a research report on Monday, June 12th. Royal Bank Of Canada reaffirmed a “neutral” rating on shares of United Dominion Realty Trust in a research report on Sunday, July 16th. Zacks Investment Research downgraded shares of United Dominion Realty Trust from a “buy” rating to a “hold” rating in a research report on Friday, July 14th. Finally, BidaskClub downgraded shares of United Dominion Realty Trust from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 11th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $38.50.

COPYRIGHT VIOLATION WARNING: This story was originally reported by Transcript Daily and is owned by of Transcript Daily. If you are viewing this story on another site, it was illegally copied and republished in violation of U.S. and international copyright & trademark legislation. The correct version of this story can be viewed at https://transcriptdaily.com/2017/08/13/analysts-expect-united-dominion-realty-trust-inc-nyseudr-will-announce-earnings-of-0-47-per-share-updated-updated.html.

In other United Dominion Realty Trust news, VP Warren L. Troupe sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $39.05, for a total transaction of $585,750.00. Following the sale, the vice president now owns 561,075 shares of the company’s stock, valued at approximately $21,909,978.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Thomas W. Toomey sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $38.45, for a total transaction of $961,250.00. Following the sale, the chief executive officer now directly owns 1,136,295 shares in the company, valued at approximately $43,690,542.75. The disclosure for this sale can be found here. In the last three months, insiders have sold 50,000 shares of company stock worth $1,934,200. 3.07% of the stock is owned by insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in United Dominion Realty Trust by 2.2% in the first quarter. Vanguard Group Inc. now owns 46,963,868 shares of the real estate investment trust’s stock valued at $1,702,911,000 after buying an additional 1,010,027 shares during the period. BlackRock Inc. increased its stake in United Dominion Realty Trust by 2,403.2% in the first quarter. BlackRock Inc. now owns 29,154,927 shares of the real estate investment trust’s stock valued at $1,057,156,000 after buying an additional 27,990,211 shares during the period. Bank of New York Mellon Corp increased its stake in United Dominion Realty Trust by 2.6% in the first quarter. Bank of New York Mellon Corp now owns 7,497,481 shares of the real estate investment trust’s stock valued at $271,858,000 after buying an additional 186,787 shares during the period. Renaissance Technologies LLC increased its stake in United Dominion Realty Trust by 28.3% in the first quarter. Renaissance Technologies LLC now owns 4,205,000 shares of the real estate investment trust’s stock valued at $152,473,000 after buying an additional 927,200 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in United Dominion Realty Trust by 1.8% in the first quarter. Dimensional Fund Advisors LP now owns 3,653,806 shares of the real estate investment trust’s stock valued at $132,486,000 after buying an additional 62,984 shares during the period. 98.79% of the stock is currently owned by institutional investors and hedge funds.

Shares of United Dominion Realty Trust (UDR) opened at 38.68 on Wednesday. The firm has a market capitalization of $10.34 billion, a P/E ratio of 34.35 and a beta of 0.38. The stock has a 50 day moving average price of $39.24 and a 200 day moving average price of $37.12. United Dominion Realty Trust has a 52 week low of $32.79 and a 52 week high of $40.71.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Shareholders of record on Monday, July 10th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 3.21%. The ex-dividend date is Thursday, July 6th. United Dominion Realty Trust’s dividend payout ratio is presently 109.74%.

About United Dominion Realty Trust

UDR, Inc is a self-administered real estate investment trust. The Company owns, operates, acquires, renovates, develops, redevelops, disposes of and manages multifamily apartment communities generally located in various markets across the United States. The Company’s segments are Same-Store Communities and Non-Mature Communities/Other.

Get a free copy of the Zacks research report on United Dominion Realty Trust (UDR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for United Dominion Realty Trust (NYSE:UDR)

Receive News & Ratings for United Dominion Realty Trust Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Dominion Realty Trust Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply