UDR Inc reports results for the quarter ended December 31 - Earnings Summary

• UDR Inc UDR.N reported a quarterly adjusted loss of 2 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of 10 cents. The mean expectation of eleven analysts for the quarter was for earnings of 7 cents per share. Wall Street expected results to range from zero cents to 13 cents per share.

• Revenue rose 2.3% to $420.44 million from a year ago; analysts expected $420.58 million.

• UDR Inc's reported EPS for the quarter was a loss of 2 cents​.

• The company reported a quarterly loss of $6.24 million.

• UDR Inc shares had fallen by 2.7% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.7% in the last three months.​

• In the last 30 days, five analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy," 12 "hold" and 1 "sell" or "strong sell."

• The average consensus recommendation for the residential reits peer group is "hold."

Wall Street's median 12-month price target for UDR Inc is $45.00

This summary was machine generated from LSEG data February 6 at 05:23 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)