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

• UDR Inc UDR.N reported quarterly adjusted earnings of 23 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 13 cents. The mean expectation of nine analysts for the quarter was for earnings of 12 cents per share. Wall Street expected results to range from 8 cents to 18 cents per share.

• Revenue rose 2% to $419.84 million from a year ago; analysts expected $419.86 million.

• UDR Inc's reported EPS for the quarter was 23 cents​.

• The company reported quarterly net income of $75.51 million.

• UDR Inc shares had fallen by 8.7% this quarter and lost 5.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.4% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 10 "strong buy" or "buy," 13 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the residential reits peer group is also "hold"

• Wall Street's median 12-month price target for UDR Inc is $47.00

This summary was machine generated from LSEG data May 1 at 01:38 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)