At the time of writing, UDR Inc [UDR] stock is trading at $37.63, up 3.07%. An important factor to consider is whether the stock is rising or falling in short-term value. The UDR shares have gain 2.70% over the last week, with a monthly amount drifted -0.16%, and not seem to be holding up well over a long-time horizon.
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On 14, March 2024, UDR Declares Quarterly Dividends. In a post published today on Yahoo Finance, UDR, Inc. (NYSE: UDR), a leading multifamily real estate investment trust, today announced that its Board of Directors declared a regular quarterly dividend on its common stock for the first quarter of 2024 in the amount of $0.425 per share, payable in cash on April 30, 2024 to UDR common stock shareholders of record as of April 10, 2024. The April 30, 2024 dividend will be the 206th consecutive quarterly dividend paid by the Company on its common stock.
From an analyst’s perspective:
UDR Inc [NYSE: UDR] stock has seen the most recent analyst activity on March 04, 2024, when Wells Fargo upgraded its rating to a Overweight and also boosted its price target to $39 from $34. Previously, Morgan Stanley downgraded its rating to Equal-Weight on February 26, 2024, and kept the price target unchanged to $37. Barclays downgraded its rating to a Equal Weight and decreased its price target to $37 on February 20, 2024. Deutsche Bank initiated its recommendation with a Hold and recommended $40 as its price target on January 30, 2024. Wells Fargo downgraded its rating to Equal Weight for this stock on November 07, 2023, and downed its price target to $34. In a note dated October 31, 2023, Piper Sandler downgraded an Underweight rating on this stock and revised its target price from $46 to $30.
For the past year, the stock price of UDR Inc fluctuated between $30.95 and $43.96. Currently, Wall Street analysts expect the stock to reach $53.31 within the next 12 months. UDR Inc [NYSE: UDR] shares were valued at $37.63 at the most recent close of the market. An investor can expect a potential return of 41.67% based on the average UDR price forecast.
Analyzing the UDR fundamentals
According to UDR Inc [NYSE:UDR], the company’s sales were 1.63B for trailing twelve months, which represents an 3.41% jump. Gross Profit Margin for this corporation currently stands at 0.24% with Operating Profit Margin at 0.37%, Pretax Profit Margin comes in at 0.29%, and Net Profit Margin reading is 0.27%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.11 and Total Capital is 0.06. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.56.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 37.08 points at the first support level, and at 36.53 for the second support level. However, for the 1st resistance point, the stock is sitting at 38.05, and for the 2nd resistance point, it is at 38.47.
UDR Inc [UDR] reported earnings per share of $0.1 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.11/share, meaning a difference of -$0.01 and a surprise factor of -9.10%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.1 per share as compared to estimates of $0.11 per share, a difference of -$0.01 representing a surprise of -9.10%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 7.61, the price to book ratio is 3.14 and price to earnings (TTM) ratio is 28.33.
Transactions by insiders
Recent insider trading involved TOOMEY THOMAS W, Chairman and CEO, that happened on Dec 26 ’23 when 45000.0 shares were sold.
