UDR (NYSE:UDR – Get Free Report) updated its FY24 earnings guidance on Tuesday. The company provided EPS guidance of $2.38-$2.50 for the period, compared to the consensus EPS estimate of $2.44. UDR also updated its FY 2024 guidance to 2.120-2.240 EPS.
Analyst Ratings Changes
A number of equities analysts recently issued reports on the company. The Goldman Sachs Group assumed coverage on UDR in a report on Thursday, February 22nd. They set a neutral rating and a $39.00 price objective for the company. Barclays cut UDR from an overweight rating to an equal weight rating and dropped their price objective for the company from $46.00 to $37.00 in a report on Tuesday, February 20th. Wedbush reiterated an outperform rating and issued a $40.00 target price on shares of UDR in a report on Monday. Mizuho lowered their target price on UDR from $38.00 to $35.00 and set a neutral rating for the company in a report on Wednesday, February 28th. Finally, Morgan Stanley reiterated an equal weight rating and issued a $37.00 target price on shares of UDR in a report on Monday, February 26th. Twelve investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of Hold and a consensus price target of $41.44.
View Our Latest Research Report on UDR
UDR Stock Up 0.2 %
UDR Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Wednesday, April 10th were paid a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 4.52%. This is a boost from UDR’s previous quarterly dividend of $0.42. The ex-dividend date was Tuesday, April 9th. UDR’s dividend payout ratio (DPR) is presently 123.19%.
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.
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