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. markets. As of September 30, 2020, UDR owned or had an ownership position in 51,649 apartment homes including 1,031 homes under development. For over 48 years, UDR has delivered long-term value to shareholders, the best standard of service to Residents and the highest quality experience for Associates.
IPO Year:
Exchange: NYSE
Website: udr.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/11/2024 | $49.00 | Outperform | Exane BNP Paribas |
| 9/4/2024 | $42.00 | Sell | Goldman |
| 7/15/2024 | $39.00 → $45.00 | Market Perform → Outperform | BMO Capital Markets |
| 5/1/2024 | $39.00 | Sector Outperform → Sector Perform | Scotiabank |
| 4/25/2024 | $38.00 → $44.00 | Neutral → Buy | UBS |
| 4/10/2024 | $34.00 → $40.00 | Underweight → Neutral | Piper Sandler |
| 3/4/2024 | $34.00 → $39.00 | Equal Weight → Overweight | Wells Fargo |
| 2/26/2024 | $37.00 | Overweight → Equal-Weight | Morgan Stanley |
| 2/22/2024 | $39.00 | Neutral | Goldman |
| 2/20/2024 | $46.00 → $37.00 | Overweight → Equal Weight | Barclays |
Exane BNP Paribas initiated coverage of UDR with a rating of Outperform and set a new price target of $49.00
Goldman initiated coverage of UDR with a rating of Sell and set a new price target of $42.00
BMO Capital Markets upgraded UDR from Market Perform to Outperform and set a new price target of $45.00 from $39.00 previously
Scotiabank downgraded UDR from Sector Outperform to Sector Perform and set a new price target of $39.00
UBS upgraded UDR from Neutral to Buy and set a new price target of $44.00 from $38.00 previously
Piper Sandler upgraded UDR from Underweight to Neutral and set a new price target of $40.00 from $34.00 previously
Wells Fargo upgraded UDR from Equal Weight to Overweight and set a new price target of $39.00 from $34.00 previously
Morgan Stanley downgraded UDR from Overweight to Equal-Weight and set a new price target of $37.00
Goldman resumed coverage of UDR with a rating of Neutral and set a new price target of $39.00
Barclays downgraded UDR from Overweight to Equal Weight and set a new price target of $37.00 from $46.00 previously
UBS analyst Michael Goldsmith maintains UDR (NYSE:UDR) with a Buy and raises the price target from $44 to $48.
Throughout the last three months, 12 analysts have evaluated UDR (NYSE:UDR), offering a diverse set of opinions from bullish to bearish. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 5 5 0 0 Last 30D 0 1 0 0 0 1M Ago 1 1 0 0 0 2M Ago 0 1 1 0 0 3M Ago 1 2 4 0 0 Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $41.75, with a high estimate of $45.00 and a low estimate
BMO Capital analyst John Kim upgrades UDR (NYSE:UDR) from Market Perform to Outperform and raises the price target from $39 to $45.
Truist Securities analyst Michael Lewis maintains UDR (NYSE:UDR) with a Buy and raises the price target from $42 to $44.
In the latest quarter, 13 analysts provided ratings for UDR (NYSE:UDR), showcasing a mix of bullish and bearish perspectives. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 4 6 1 0 Last 30D 0 1 0 0 0 1M Ago 0 1 1 0 0 2M Ago 1 2 4 0 0 3M Ago 1 0 1 1 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $40.62, a high estimate of $45.00, and a low estimate of $34.00. This current average has increased by 5.12% from the previous a
JP Morgan analyst Anthony Paolone maintains UDR (NYSE:UDR) with a Overweight and raises the price target from $42 to $43.
Wells Fargo analyst James Feldman maintains UDR (NYSE:UDR) with a Overweight and raises the price target from $39 to $41.
Providing a diverse range of perspectives from bullish to bearish, 13 analysts have published ratings on UDR (NYSE:UDR) in the last three months. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 4 6 1 0 Last 30D 0 0 1 0 0 1M Ago 0 1 4 0 0 2M Ago 2 1 1 0 0 3M Ago 0 2 0 1 0 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $40.15, a high estimate of $45.00, and a low estimate of $34.00. This current average reflects an increase of 6
Mizuho analyst Vikram Malhorta maintains UDR (NYSE:UDR) with a Neutral and raises the price target from $35 to $38.
Morgan Stanley analyst Adam Kramer maintains UDR (NYSE:UDR) with a Equal-Weight and raises the price target from $37 to $40.
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UDR, Inc. (the "Company") (NYSE: UDR), announced today its third quarter 2024 results. Net Income, Funds from Operations ("FFO"), FFO as Adjusted ("FFOA"), and Adjusted FFO ("AFFO") per diluted share for the quarter ended September 30, 2024 are detailed below. Quarter Ended September 30 Metric 3Q 2024 Actual 3Q 2024 Guidance 3Q 2023 Actual $ Change vs. Prior Year Period % Change vs. Prior Year Period Net Income per diluted share $0.06 $0.08 to $0.10 $0.10 $(0.04) (40)% FFO per diluted share $0.60 $0.60 to $0.62 $0.61 $(0.01) (2)% FFOA per diluted share $0.62 $0.61 to $0.63 $0.63 $(0.01) (2)%
UDR, Inc. (the "Company") (NYSE:UDR), a leading multifamily real estate investment trust, announced today that it will release its third quarter 2024 financial results on Wednesday, October 30, 2024 after the market closes. A conference call will be held on Thursday, October 31, 2024 at 1:00 p.m. Eastern Time. The conference call will be open to the public. During the conference call, company officers will review third quarter results, discuss recent events, and conduct a question-and-answer period. The question-and-answer period will be limited to registered financial analysts. All other participants will have listen-only capability. To participate in the webcast: Please go to UDR's web
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 third quarter of 2024 in the amount of $0.425 per share, payable in cash on October 31, 2024 to UDR common stock shareholders of record as of October 10, 2024. The October 31, 2024 dividend will be the 208th consecutive quarterly dividend paid by the Company on its common stock. UDR also announced that its Board of Directors declared a regular quarterly dividend on its Series E preferred stock for the third quarter of 2024 in the amount of $0.4602 per share. The preferred dividend is payable on October 31, 20
UDR, Inc. (the "Company") (NYSE:UDR), announced today its second quarter 2024 results. Net Income, Funds from Operations ("FFO"), FFO as Adjusted ("FFOA"), and Adjusted FFO ("AFFO") per diluted share for the quarter ended June 30, 2024 are detailed below. Quarter Ended June 30 Metric 2Q 2024 Actual 2Q 2024 Guidance 2Q 2023 Actual $ Change vs. Prior Year Period % Change vs. Prior Year Period Net Income per diluted share $0.08 $0.13 to $0.15 $1.05 ($0.97 ) (92 %) FFO per diluted share $0.60 $0.60 to $0.62 $0.63 ($0.03 ) (5 %) FFOA per di
UDR, Inc. (the "Company") (NYSE:UDR), a leading multifamily real estate investment trust, announced today that it will release its second quarter 2024 financial results on Tuesday, July 30, 2024 after the market closes. A conference call will be held on Wednesday, July 31, 2024 at 12:00 p.m. Eastern Time. The conference call will be open to the public. During the conference call, company officers will review second quarter results, discuss recent events, and conduct a question-and-answer period. The question-and-answer period will be limited to registered financial analysts. All other participants will have listen-only capability. To participate in the webcast: Please go to UDR's webs
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 second quarter of 2024 in the amount of $0.425 per share, payable in cash on July 31, 2024 to UDR common stock shareholders of record as of July 10, 2024. The July 31, 2024 dividend will be the 207th consecutive quarterly dividend paid by the Company on its common stock. UDR also announced that its Board of Directors declared a regular quarterly dividend on its Series E preferred stock for the second quarter of 2024 in the amount of $0.4602 per share. The preferred dividend is payable on July 31, 2024 to Ser
UDR, Inc. (the "Company") (NYSE:UDR), announced today its first quarter 2024 results. Net Income, Funds from Operations ("FFO"), FFO as Adjusted ("FFOA"), and Adjusted FFO ("AFFO") per diluted share for the quarter ended March 31, 2024 are detailed below. Quarter Ended March 31 Metric 1Q 2024 Actual 1Q 2024 Guidance 1Q 2023 Actual $ Change vs. Prior Year Period % Change vs. Prior Year Period Net Income per diluted share $0.13 $0.13 to $0.15 $0.09 $0.04 44% FFO per diluted share $0.60 $0.60 to $0.62 $0.59 $0.01 2% FFOA per diluted share $0.61 $0.60
UDR, Inc. (the "Company") (NYSE:UDR), a leading multifamily real estate investment trust, announced today that it will release its first quarter 2024 financial results on Tuesday, April 30, 2024 after the market closes. A conference call will be held on Wednesday, May 1, 2024 at 12:00 p.m. Eastern Time. The conference call will be open to the public. During the conference call, company officers will review first quarter results, discuss recent events, and conduct a question-and-answer period. The question-and-answer period will be limited to registered financial analysts. All other participants will have listen-only capability. To participate in the webcast: Please go to UDR's website
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. As previously disclosed in February, the Company's annualized common dividend of $1.70 per share in 2024 represents a 1.2% increase over the annualized common dividend of $1.68 per share in 2023. UDR also announced that its Board of Dire
UDR, Inc. (the "Company") (NYSE:UDR) announced today its fourth quarter and full-year 2023 results and has posted a related Investor Presentation to its website at ir.udr.com. Net Income, Funds from Operations ("FFO"), FFO as Adjusted ("FFOA"), and Adjusted FFO ("AFFO") per diluted share for the quarter and full-year ended December 31, 2023 are detailed below. Quarter Ended December 31 Metric 4Q 2023 Actual 4Q 2023 Guidance 4Q 2022 Actual $ Change vs. Prior Year Period % Change vs. Prior Year Period Net Income per diluted share $0.10 $0.08 to $0.10 $0.13 $(0.03) (23)%
UDR, Inc. (the "Company") (NYSE:UDR), a leading multifamily real estate investment trust and GRESB Sector Leader for its sustainability leadership, announced today that Harry G. Alcock, Senior Vice President and Chief Investment Officer ("CIO"), will retire from the role of CIO effective July 31, 2024, at which time he will transition to a consulting role with a focus on transactions. H. Andrew Cantor, UDR's Senior Vice President – Acquisitions and Dispositions, will continue to oversee the Company's transactions platform, as he has for the last 12 years of his more than 14-year tenure with UDR. Bob McCullough, UDR's Senior Vice President – Development, will continue to oversee the Company'
UDR, Inc. (the "Company") (NYSE:UDR), a leading multifamily real estate investment trust, announced today that Patsy Doerr has been appointed to the newly created role of Senior Vice President – Chief ESG and People Officer. In this role, Ms. Doerr will lead UDR's ESG and sustainability efforts and talent development by partnering with the Company's Innovation, Corporate Services, and HR teams. Ms. Doerr is a leading expert and thought leader in the field of corporate social responsibility, diversity and inclusion, and sustainability. Her global experience includes having lived and worked in three different continents, thereby enhancing her cultural competence and ability to implement effe
UDR, Inc. (the "Company") (NYSE:UDR), a leading multifamily real estate investment trust, announced today that Joseph D. Fisher, 42, has been appointed to the role of President in addition to his current responsibilities as Chief Financial Officer ("CFO"). In this role, Mr. Fisher, who has served as Senior Vice President and CFO since January 2017, will take on additional responsibilities in the areas of company-wide innovation, Environmental, Social and Governance oversight, and human capital. "Joe, and our executive team, have achieved a variety of strategic, capital allocation, and balance sheet milestones over the past five years," said Tom Toomey, UDR's Chairman and CEO. "We have an a
UDR, Inc. (the "Company") (NYSE:UDR), a leading multifamily real estate investment trust, today announced the appointment of Kevin C. Nickelberry to its Board of Directors effective September 10, 2021. Mr. Nickelberry will serve as an independent director. His appointment expands the Company's Board to 10 members. "We are excited to welcome Kevin to UDR's Board," said Jim Klingbeil, Lead Independent Director and Chairman of the Nominating Committee. Mr. Klingbeil continued, "Kevin is a highly accomplished senior executive with valued expertise in human capital management, corporate governance, and capital allocation and strategy. His appointment brings valuable perspectives to our Board, a
UDR, Inc. (the "Company") (NYSE: UDR), announced today its third quarter 2024 results. Net Income, Funds from Operations ("FFO"), FFO as Adjusted ("FFOA"), and Adjusted FFO ("AFFO") per diluted share for the quarter ended September 30, 2024 are detailed below. Quarter Ended September 30 Metric 3Q 2024 Actual 3Q 2024 Guidance 3Q 2023 Actual $ Change vs. Prior Year Period % Change vs. Prior Year Period Net Income per diluted share $0.06 $0.08 to $0.10 $0.10 $(0.04) (40)% FFO per diluted share $0.60 $0.60 to $0.62 $0.61 $(0.01) (2)% FFOA per diluted share $0.62 $0.61 to $0.63 $0.63 $(0.01) (2)%
UDR, Inc. (the "Company") (NYSE:UDR), a leading multifamily real estate investment trust, today announced the publication of the Company's sixth annual ESG Report, which can be accessed on the updated ESG section of the Company's website at https://www.udr.com/esg/. The report summarizes the Company's ESG achievements in calendar year 2023 and details the Company's progress towards its enhanced ESG goals. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241024779429/en/(Graphic: Business Wire) "I am proud of the sustainability accomplishments we have made through our ongoing commitment to fostering an innovative and adaptive cultur
UDR, Inc. (the "Company") (NYSE:UDR), a leading multifamily real estate investment trust, announced today that it will release its third quarter 2024 financial results on Wednesday, October 30, 2024 after the market closes. A conference call will be held on Thursday, October 31, 2024 at 1:00 p.m. Eastern Time. The conference call will be open to the public. During the conference call, company officers will review third quarter results, discuss recent events, and conduct a question-and-answer period. The question-and-answer period will be limited to registered financial analysts. All other participants will have listen-only capability. To participate in the webcast: Please go to UDR's web
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 third quarter of 2024 in the amount of $0.425 per share, payable in cash on October 31, 2024 to UDR common stock shareholders of record as of October 10, 2024. The October 31, 2024 dividend will be the 208th consecutive quarterly dividend paid by the Company on its common stock. UDR also announced that its Board of Directors declared a regular quarterly dividend on its Series E preferred stock for the third quarter of 2024 in the amount of $0.4602 per share. The preferred dividend is payable on October 31, 20
UDR, Inc. (the "Company") (NYSE:UDR), a leading multifamily real estate investment trust, announced today that the Company will participate in the Bank of America Securities 2024 Global Real Estate Conference being held at the Bank of America Tower at One Bryant Park in New York City on September 10-12, 2024. The UDR Executive Team will host a roundtable discussion on Tuesday, September 10, 2024, at 3:45 p.m. Eastern Time. The Company's roundtable discussion will be made available as a webcast which can be accessed at https://bofa.veracast.com/webcasts/bofa/realestate2024/idZ820Jk.cfm as well as in the Investor Relations section of the Company's website at ir.udr.com. A replay of the roun
UDR, Inc. (the "Company") (NYSE:UDR), announced today that it has priced an offering of $300 million aggregate principal amount of 5.125% senior unsecured notes due 2034. The notes were priced at 98.977% of the principal amount, plus accrued interest from August 15, 2024 to yield 5.257% to maturity. The effective interest rate of the notes is 5.08%, including the impact of prior interest rate hedges, but excluding offering costs. Interest is payable on the notes semiannually on March 1 and September 1 with the first interest payment on March 1, 2025. The notes will mature on September 1, 2034 unless redeemed prior to that date. The notes are fully and unconditionally guaranteed by Uni
UDR, Inc. (the "Company") (NYSE:UDR), announced today its second quarter 2024 results. Net Income, Funds from Operations ("FFO"), FFO as Adjusted ("FFOA"), and Adjusted FFO ("AFFO") per diluted share for the quarter ended June 30, 2024 are detailed below. Quarter Ended June 30 Metric 2Q 2024 Actual 2Q 2024 Guidance 2Q 2023 Actual $ Change vs. Prior Year Period % Change vs. Prior Year Period Net Income per diluted share $0.08 $0.13 to $0.15 $1.05 ($0.97 ) (92 %) FFO per diluted share $0.60 $0.60 to $0.62 $0.63 ($0.03 ) (5 %) FFOA per di
UDR, Inc. (the "Company") (NYSE:UDR), a leading multifamily real estate investment trust and GRESB Sector Leader for its sustainability leadership, announced today that it has earned the distinction of being a 2024 Top Workplaces winner in the Real Estate Industry. Additional details about how UDR builds a great workplace culture are available on the Company's page of the Top Workplaces website at https://topworkplaces.com/company/udr/. "We are honored that UDR has earned the Top Workplaces distinction, which reflects our ongoing commitment to fostering an innovative and adaptive culture," said Tom Toomey, UDR's Chairman and Chief Executive Officer. "This achievement is a testament to our
UDR, Inc. (the "Company") (NYSE:UDR), a leading multifamily real estate investment trust, announced today that it will release its second quarter 2024 financial results on Tuesday, July 30, 2024 after the market closes. A conference call will be held on Wednesday, July 31, 2024 at 12:00 p.m. Eastern Time. The conference call will be open to the public. During the conference call, company officers will review second quarter results, discuss recent events, and conduct a question-and-answer period. The question-and-answer period will be limited to registered financial analysts. All other participants will have listen-only capability. To participate in the webcast: Please go to UDR's webs
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 second quarter of 2024 in the amount of $0.425 per share, payable in cash on July 31, 2024 to UDR common stock shareholders of record as of July 10, 2024. The July 31, 2024 dividend will be the 207th consecutive quarterly dividend paid by the Company on its common stock. UDR also announced that its Board of Directors declared a regular quarterly dividend on its Series E preferred stock for the second quarter of 2024 in the amount of $0.4602 per share. The preferred dividend is payable on July 31, 2024 to Ser