KeyCorp Research Analysts Reduce Earnings Estimates for UDR Inc. (UDR)
UDR Inc. (NYSE:UDR) – Equities research analysts at KeyCorp lowered their FY2017 earnings estimates for shares of UDR in a research report issued to clients and investors on Monday. KeyCorp analyst A. Wurschmidt now anticipates that the brokerage will post earnings of $1.83 per share for the year, down from their prior forecast of $1.89.
UDR (NYSE:UDR) last announced its quarterly earnings results on Tuesday, October 25th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.01. The business earned $243.25 million during the quarter, compared to the consensus estimate of $239.85 million. UDR had a net margin of 22.79% and a return on equity of 7.52%. The business’s revenue was up 9.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.42 EPS.
A number of other equities analysts also recently commented on UDR. Zacks Investment Research raised shares of UDR from a “sell” rating to a “hold” rating in a report on Friday, August 5th. BTIG Research assumed coverage on shares of UDR in a report on Thursday, August 25th. They issued a “buy” rating and a $42.00 price objective for the company. BMO Capital Markets downgraded shares of UDR from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $38.00 to $35.00 in a report on Tuesday, October 25th. Evercore ISI raised shares of UDR from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a report on Monday. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $40.00 price objective on shares of UDR in a report on Wednesday, November 16th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $38.46.
UDR (NYSE:UDR) opened at 34.04 on Tuesday. UDR has a one year low of $32.79 and a one year high of $38.61. The stock has a market cap of $9.10 billion, a P/E ratio of 41.21 and a beta of 0.39. The stock has a 50 day moving average of $33.96 and a 200-day moving average of $35.42.
A number of large investors have recently modified their holdings of the company. Sumitomo Mitsui Asset Management Company LTD boosted its stake in shares of UDR by 0.5% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 30,966 shares of the real estate investment trust’s stock valued at $1,114,000 after buying an additional 152 shares during the period. Mn Services Vermogensbeheer B.V. boosted its stake in shares of UDR by 2.6% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 6,659 shares of the real estate investment trust’s stock valued at $221,000 after buying an additional 166 shares during the period. Hartford Investment Management Co. boosted its stake in shares of UDR by 0.3% in the second quarter. Hartford Investment Management Co. now owns 65,551 shares of the real estate investment trust’s stock valued at $2,420,000 after buying an additional 174 shares during the period. Stifel Financial Corp boosted its stake in shares of UDR by 0.8% in the second quarter. Stifel Financial Corp now owns 22,312 shares of the real estate investment trust’s stock valued at $823,000 after buying an additional 176 shares during the period. Finally, Utah Retirement Systems boosted its stake in shares of UDR by 0.3% in the third quarter. Utah Retirement Systems now owns 57,843 shares of the real estate investment trust’s stock valued at $2,081,000 after buying an additional 200 shares during the period. Hedge funds and other institutional investors own 99.55% of the company’s stock.
In other UDR news, Director Clinton D. Mcdonnough purchased 3,000 shares of the company’s stock in a transaction on Friday, September 9th. The shares were purchased at an average cost of $34.54 per share, for a total transaction of $103,620.00. Following the completion of the transaction, the director now owns 7,000 shares in the company, valued at $241,780. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Warren L. Troupe sold 15,000 shares of the business’s stock in a transaction dated Wednesday, September 28th. The stock was sold at an average price of $36.70, for a total transaction of $550,500.00. Following the completion of the sale, the vice president now owns 562,903 shares in the company, valued at $20,658,540.10. The disclosure for this sale can be found here. 2.79% of the stock is currently owned by corporate insiders.
UDR Company Profile
UDR, Inc is a real estate investment trust. The Company owns, operates, acquires, renovates, develops, redevelops and manages multifamily apartment communities generally located in various markets across the United States. The Company operates through two segments: Same-Store Communities and Non-Mature Communities/Other.
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