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UDR Stock Rallies 15.8% Year to Date: Will the Trend Continue?
ZACKS· 2024-11-21 15:15
Shares of UDR Inc. (UDR) have rallied 15.8% in the past year, outperforming the industry's growth of 11.5%.Last October, UDR reported third-quarter 2024 funds from operations as adjusted (FFOA) per share of 62 cents, in line with the Zacks Consensus Estimate. On a year-over-year basis, FFOA per share declined 1.6%.Results reflected an increase in revenues from same-store communities, prior-year acquisitions and completed developments. UDR raised its full-year 2024 guidance.This residential real estate inves ...
Down -5.62% in 4 Weeks, Here's Why UDR (UDR) Looks Ripe for a Turnaround
ZACKS· 2024-11-01 14:36
UDR (UDR) has been on a downward spiral lately with significant selling pressure. After declining 5.6% over the past four weeks, the stock looks well positioned for a trend reversal as it is now in oversold territory and there is strong agreement among Wall Street analysts that the company will report better earnings than they predicted earlier.Guide to Identifying Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversol ...
UDR(UDR) - 2024 Q3 - Earnings Call Transcript
2024-10-31 21:04
UDR, Inc. (NYSE:UDR) Q3 2024 Results Conference Call October 31, 2024 1:00 PM ET Company Participants Trent Trujillo - VP, IR Tom Toomey - Chairman and CEO Joe Fisher - President and CFO Mike Lacy - SVP, Operations Andrew Cantor - Senior Officer Chris Van Ens - Senior Officer Conference Call Participants Jamie Feldman - Wells Fargo Austin Wurschmidt - KeyBanc Capital Markets Eric Wolfe - Citi Josh Dennerlein - Bank of America Nick Yulico - Scotiabank Rich Anderson - Wedbush John Kim - BMO Capital Markets Mi ...
UDR(UDR) - 2024 Q3 - Quarterly Report
2024-10-31 19:24
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-10524 UDR, Inc. (Exact name of registrant as specified in its charter) Maryland 54-0857512 (State or other jurisdiction ...
UDR Beats Q3 FFOA & Revenue Estimates, Ups 2024 Guidance
ZACKS· 2024-10-31 17:20
UDR Inc. (UDR) reported third-quarter 2024 funds from operations as adjusted (FFOA) per share of 62 cents, in line with the Zacks Consensus Estimate. On a year-over-year basis, FFOA per share declined 1.6%.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Quarterly rental income was $418.1 million and came ahead of the year-ago quarter’s $408.4 million. Total revenues came in at $420.2 million, surpassing the Zacks Consensus Estimate of $416.5 million. Both rental income and total rev ...
Compared to Estimates, UDR (UDR) Q3 Earnings: A Look at Key Metrics
ZACKS· 2024-10-30 23:36
For the quarter ended September 2024, UDR (UDR) reported revenue of $420.16 million, up 2.5% over the same period last year. EPS came in at $0.62, compared to $0.12 in the year-ago quarter. The reported revenue represents a surprise of +0.88% over the Zacks Consensus Estimate of $416.51 million. With the consensus EPS estimate being $0.62, the company has not delivered EPS surprise. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wa ...
UDR (UDR) Q3 FFO Match Estimates
ZACKS· 2024-10-30 22:31
UDR (UDR) came out with quarterly funds from operations (FFO) of $0.62 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.63 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this real estate investment trust would post FFO of $0.61 per share when it actually produced FFO of $0.62, delivering a surprise of 1.64%.Over the last four quarters, the company has surpassed consensus FFO estimates just once.UDR, which belongs t ...
UDR(UDR) - 2024 Q3 - Quarterly Results
2024-10-30 20:22
Exhibit 99.2 | --- | --- | --- | |----------------------------------------------------------|-------|-----------------| | Balance Sheet Metrics (adjusted for non-recurring items) | | 3Q 2024 3Q 2023 | | Consolidated Interest Coverage Ratio | 5.1x | 5.3x | | Consolidated Fixed Charge Coverage Ratio | 4.9x | 5.2x | | Consolidated Debt as a percentage of Total Assets | 32.9% | 32.8% | | Consolidated Net Debt-to-EBITDAre | 5.6x | 5.7x | Financial Highlights UDR, Inc. As of End of Third Quarter 2024 (Unaudited) ...
Exploring Analyst Estimates for UDR (UDR) Q3 Earnings, Beyond Revenue and EPS
ZACKS· 2024-10-29 14:21
The upcoming report from UDR (UDR) is expected to reveal quarterly earnings of $0.62 per share, indicating a decline of 1.6% compared to the year-ago period. Analysts forecast revenues of $416.51 million, representing an increase of 1.6% year over year.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Before a company reveals its earnings, it is ...
All You Need to Know About UDR (UDR) Rating Upgrade to Buy
ZACKS· 2024-10-25 17:00
UDR (UDR) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change. A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years. Since a changing earning ...