UDR, Inc. (NYSE:UDR) Expected to Announce Quarterly Sales of $274.92 Million

Equities research analysts expect UDR, Inc. (NYSE:UDR) to announce sales of $274.92 million for the current fiscal quarter, according to Zacks. Seven analysts have made estimates for UDR’s earnings, with the highest sales estimate coming in at $281.70 million and the lowest estimate coming in at $269.53 million. UDR posted sales of $256.63 million in the same quarter last year, which suggests a positive year over year growth rate of 7.1%. The company is expected to announce its next earnings report on Monday, July 29th.

According to Zacks, analysts expect that UDR will report full year sales of $1.10 billion for the current financial year, with estimates ranging from $1.08 billion to $1.12 billion. For the next year, analysts expect that the company will post sales of $1.14 billion, with estimates ranging from $1.11 billion to $1.18 billion. Zacks’ sales calculations are an average based on a survey of analysts that that provide coverage for UDR.

UDR (NYSE:UDR) last released its earnings results on Tuesday, April 30th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.42). The business had revenue of $270.67 million for the quarter, compared to analysts’ expectations of $267.41 million. UDR had a return on equity of 5.38% and a net margin of 13.70%. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.30 EPS.

Several equities analysts have weighed in on UDR shares. Barclays restated a “hold” rating and set a $46.00 price target on shares of UDR in a report on Tuesday, April 16th. Goldman Sachs Group cut UDR from a “neutral” rating to a “sell” rating and cut their price target for the company from $43.00 to $39.00 in a report on Monday, March 11th. BMO Capital Markets restated a “hold” rating and set a $49.00 price target on shares of UDR in a report on Monday, March 25th. Zacks Investment Research upgraded UDR from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a report on Tuesday, April 16th. Finally, TheStreet cut UDR from a “b” rating to a “c” rating in a report on Tuesday, April 30th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. UDR currently has an average rating of “Hold” and an average price target of $44.20.

In other news, SVP Harry G. Alcock sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $45.37, for a total value of $453,700.00. Following the completion of the sale, the senior vice president now directly owns 117,284 shares of the company’s stock, valued at approximately $5,321,175.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Harry G. Alcock sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $44.25, for a total value of $885,000.00. Following the completion of the sale, the senior vice president now directly owns 107,284 shares of the company’s stock, valued at $4,747,317. The disclosure for this sale can be found here. Insiders sold a total of 49,750 shares of company stock valued at $2,242,618 over the last ninety days. Corporate insiders own 2.85% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Cornerstone Advisors Inc. lifted its stake in shares of UDR by 66.8% in the 1st quarter. Cornerstone Advisors Inc. now owns 577 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 231 shares during the last quarter. Oakbrook Investments LLC lifted its stake in shares of UDR by 2.4% during the 1st quarter. Oakbrook Investments LLC now owns 13,044 shares of the real estate investment trust’s stock worth $593,000 after acquiring an additional 300 shares during the last quarter. LPL Financial LLC lifted its stake in shares of UDR by 3.2% during the 4th quarter. LPL Financial LLC now owns 10,585 shares of the real estate investment trust’s stock worth $419,000 after acquiring an additional 326 shares during the last quarter. Crossmark Global Holdings Inc. lifted its stake in shares of UDR by 2.0% during the 1st quarter. Crossmark Global Holdings Inc. now owns 17,766 shares of the real estate investment trust’s stock worth $808,000 after acquiring an additional 340 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its stake in shares of UDR by 5.9% during the 4th quarter. Mackenzie Financial Corp now owns 8,003 shares of the real estate investment trust’s stock worth $317,000 after acquiring an additional 443 shares during the last quarter. 97.69% of the stock is owned by institutional investors and hedge funds.

NYSE UDR opened at $45.68 on Friday. The company has a market cap of $13.11 billion, a price-to-earnings ratio of 23.31, a PEG ratio of 3.98 and a beta of 0.50. The company has a debt-to-equity ratio of 1.23, a current ratio of 6.64 and a quick ratio of 6.64. UDR has a 1-year low of $36.40 and a 1-year high of $47.11.

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 properties in targeted U.S.

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Earnings History and Estimates for UDR (NYSE:UDR)

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