UDR (UDR) Set to Announce Earnings on Tuesday

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

UDR Stock Performance

Shares of UDR opened at $37.01 on Tuesday. The company has a current ratio of 5.15, a quick ratio of 5.15 and a debt-to-equity ratio of 1.47. The stock has a market cap of $12.19 billion, a P/E ratio of 27.62, a PEG ratio of 2.91 and a beta of 0.80. The company has a 50-day moving average of $36.54 and a two-hundred day moving average of $35.92. UDR has a 12-month low of $30.95 and a 12-month high of $44.02.

UDR Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Wednesday, April 10th will be given a dividend of $0.425 per share. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $1.70 dividend on an annualized basis and a yield of 4.59%. This is a boost from UDR’s previous quarterly dividend of $0.42. UDR’s payout ratio is presently 126.87%.

Analysts Set New Price Targets

UDR has been the subject of a number of analyst reports. Piper Sandler raised shares of UDR from an “underweight” rating to a “neutral” rating and boosted their price objective for the company from $34.00 to $40.00 in a research report on Wednesday, April 10th. Truist Financial cut their price objective on shares of UDR from $45.00 to $42.00 and set a “buy” rating for the company in a research report on Tuesday, April 9th. Morgan Stanley reissued an “equal weight” rating and issued a $37.00 price objective on shares of UDR in a research report on Monday, February 26th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of UDR in a research report on Tuesday, January 30th. They issued a “hold” rating and a $40.00 price objective for the company. Finally, The Goldman Sachs Group initiated coverage on shares of UDR in a research report on Thursday, February 22nd. They issued a “neutral” rating and a $39.00 price objective for the company. Eleven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $41.71.

About UDR

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.