UDR (NYSE:UDR – Get Free Report) updated its second quarter earnings guidance on Tuesday. The company provided earnings per share guidance of $0.60-$0.62 for the period, compared to the consensus earnings per share estimate of $0.61. UDR also updated its FY 2024 guidance to 2.120-2.240 EPS.
UDR Price Performance
UDR traded down $0.21 on Tuesday, hitting $38.08. 3,263,255 shares of the stock were exchanged, compared to its average volume of 2,946,120. The firm has a market capitalization of $12.54 billion, a price-to-earnings ratio of 28.55, a PEG ratio of 3.03 and a beta of 0.80. The company has a debt-to-equity ratio of 1.47, a current ratio of 5.15 and a quick ratio of 5.15. UDR has a 12 month low of $30.95 and a 12 month high of $44.02. The business has a 50-day moving average of $36.78 and a two-hundred day moving average of $35.97.
UDR Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Wednesday, April 10th will be given a $0.425 dividend. The ex-dividend date of this dividend is Tuesday, April 9th. This is a boost from UDR’s previous quarterly dividend of $0.42. This represents a $1.70 annualized dividend and a dividend yield of 4.46%. UDR’s payout ratio is presently 126.87%.
Analyst Upgrades and Downgrades
Check Out Our Latest Stock Analysis on UDR
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 communities in targeted U.S.
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