UDR (UDR) reported quarterly earnings results on Monday, Apr-25-2016. The company reported $0.43 EPS for the quarter. Analysts had a consensus estimate of $0.43. The company posted revenue of $234.82 million in the period, compared to analysts expectations of $234.51 million. The company’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 EPS.
Many Wall Street Analysts have commented on UDR. UDR was Downgraded by Mizuho to ” Neutral” on Mar 21, 2016. Shares were Reiterated by RBC Capital Mkts on Feb 11, 2016 to “Sector Perform” and Lowered the Price Target to $ 37 from a previous price target of $38 .
UDR opened for trading at $35.72 and hit $36.025 on the upside on Friday, eventually ending the session at $36, with a gain of 1.49% or 0.53 points. The heightened volatility saw the trading volume jump to 17,03,974 shares. Company has a market cap of $9,437 M.
In a different news, on Apr 13, 2016, Jon A Grove (director) sold 10,000 shares at $36.72 per share price. According to the SEC, on Dec 2, 2015, Matthew A Cozad (Vice President-Corp Serv & Inn) sold 1,000 shares at $37.35 per share price. On Nov 30, 2015, Jerry A Davis (Senior Vice President) sold 10,000 shares at $37.85 per share price, according to the Form-4 filing with the securities and exchange commission.
UDR Inc. is a self-administered real estate investment trust (REIT). The Company owns operates acquires renovates develops redevelops and manages multifamily apartment communities located in high barrier-to-entry markets throughout the United States. The Company operates through two segments: Same-Store Communities and Non-Mature Communities/Other. The Companys Same-Store Communities segment includes the communities that were acquired developed and stabilized prior to January 1 2013 and held as of December 31 2014. The Companys Non-Mature Communities/Other segment represents the acquired developed and redeveloped communities and the non-apartment components of mixed use properties which do not meet the criteria to be included in the Same-Store Communities segment. As of December 31 2014 the Companys consolidated real estate portfolio included 139 communities located in 20 markets with a total of 39851 completed apartment homes.