UDR, Inc. (NYSE: UDR), announced today that it will release its first quarter 2020 financial results on Wednesday, May 6, 2020 after the market closes. A conference call will be held on Thursday, May 7, 2020 at 3:00 p.m. Eastern time. The conference call will be open to the public.
PulteGroup, Funko, Healthpeak Properties and UDR highlighted as Zacks Bull and Bear of the Day
DENVER--(BUSINESS WIRE)--UDR, Inc. (the “Company”) First Quarter 2020 Highlights: Net income per share was $0.01, Funds from Operations (“FFO”) per share was $0.53, FFO as Adjusted (“FFOA”) per share was $0.54, and Adjusted FFO (“AFFO”) per share was $0.51. N…
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UDR expects first-quarter results to be in line with its previously-issued guidance and updates on financial position.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of UDR, Inc. New York, March 30, 2020 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of UDR, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
UDR earnings call for the period ending March 31, 2020.
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UDR, Inc. (the "Company") (NYSE: UDR), announced today that it will host the Company’s 2020 Annual Meeting of Shareholders in a virtual only meeting format due to public health concerns related to the novel coronavirus (COVID-19) and in consideration of the health and well-being of shareholders and other meeting participants. As previously announced, the 2020 Annual Meeting will be held at 10:00 a.m. Mountain Time on May 21, 2020. Shareholders will not be able to attend the 2020 Annual Meeting in person.
UDR, Inc. (NYSE:UDR) shareholders should be happy to see the share price up 18% in the last month. But in truth the...
Q1 2020 UDR Inc Earnings Call
With COVID-19 uncertainties everywhere, many companies are suspending share buybacks and some companies are cutting or suspending their dividends.Dividend cuts are mostly concentrated within oil/gas, aviation, tourism, and hospitality.The Dividend Sustainabil…
UDR, Inc. (the "Company") (NYSE: UDR), a leading multifamily real estate investment trust, announced today, in response to recent media reports concerning the Company’s interest in Mack-Cali Realty Corporation (NYSE: CLI), that the Company has not engaged in direct dialogue or correspondence with the Board of Directors or the management team of Mack-Cali Realty Corporation. In addition, as of February 7, 2020, the Company ceased all preliminary discussions regarding a potential transaction with Rizk Ventures.
U.S. equity markets surged this week, buoyed by positive vaccine data and on renewed hopes of a V-shaped economic recovery as countries around the world begin the reopening process.The S&P 500 ended the week higher by 3.1%, closing nearly 35% above its lows i…
UDR, Inc. (the "Company") (NYSE: UDR), a leading multifamily real estate investment trust, announced today that it expects first quarter 2020 results to be in-line with previously announced guidance. Due to uncertainty around the economic impact of the novel coronavirus (COVID-19) pandemic and related government actions and regulations on the Company’s financial results, UDR will address full-year 2020 guidance on the Company’s first quarter 2020 earnings conference call.
While UDR's Q4 performance will likely reflect efforts to boost operating margins on innovative technological solutions and process enhancement, high supply of new units might have been a spoilsport.
Monday's top analyst upgrades and downgrades included AbbVie, Best Buy, Conagra Brands, Dick's Sporting Goods, General Motors, Hilton Worldwide, NetApp, Nvidia, Redfin, TJX Companies, Vale and Yelp.
As the underlying asset categories and location of properties play a crucial role in determining REITs' performance, not all REIT types were equally challenged by the coronavirus pandemic in Q1.
Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]
Q4 2019 UDR Inc Earnings Call
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 2020 in the amount of $0.36 per share, payable in cash, on April 30, 2020 to UDR common stock shareholders of record as of April 10, 2020. The April 30 dividend will be the 190th consecutive quarterly dividend paid by the Company on its common stock.
Although REITs are likely to have gained from healthy job-market and low interest rates in Q4, underlying asset categories and location of properties play key roles in determining their performances.
UDR, Inc. (the "Company") First Quarter 2020 Highlights:
We’ve had more good news in the stock markets this week, lending credence to the view that recent gains are more than just a ‘bear market rally.’ Markets are up their recent trough, reached on March 23, and the gains appear to be both substantial and lasting.Investment bank Morgan Stanley has been tracking the markets closely, watching for evidence that the true bottom has been reached. The bank’s US chief equity strategist, Mike Wilson, believes that it has. He points out the “unprecedented and unbridled monetary and fiscal intervention led by the U.S.” and goes on to add that, with stock valuations at their most attractive since 2011, “we stick to our recent view that the worst is behind us…”Wilson believes that bear markets, with their low prices, typically end in recessions. The risk/reward ratio grows more favorable in an environment of low prices and high upside potentials. In addition, Wilson adds that today’s market levels should make a good entry point for traders seeking 6- to 12-month investment horizons.Morgan Stanley’s analysts aren’t just taking the macro view, however helpful that may be to investors. Recent stock reviews from the bank’s research teams have pointed out particular stocks for investors to note. Some are buying moves; others are must-to-avoid.We’ve pulled up three of Morgan Stanley’s recent calls, and run them through the TipRanks database. It turns out that two of the bank's bullish picks have received significant support from other members of the Street. That being said, one name stands out as being an investment to avoid, falling out of favor with Morgan Stanley as well as the broader analyst community.O’Reilly Automotive (ORLY)Consumer automotive has always been a profitable niche in the USA; you have to expect that from the country that brought us the Motor City, the Mustang, and the Camaro. The company dates back to 1957, and has been providing aftermarket accessories, equipment, parts, supplies, and tools to both professional and DIY customers ever since.The lockdown and quarantine regimes put in place to contain the spread of coronavirus have shut down many businesses – and also boosted do-it-yourselfers. With garages closed, home auto maintenance is rising, and customers are looking for tools, supplies, and advice. O’Reilly provides all of that – and the stock has outperformed the overall markets in recent weeks, losing 14% in the same time that the S&P 500 has slipped 21%.Morgan Stanley’s Simeon Gutman, reviewing O’Reilly shares, sees the DIY auto sector as a solid position to take in advance of an economic recovery. Gutman writes, “DIY Auto has long behaved counter-cyclically as a weak economy depresses new car sales, which results in an aging of the car fleet and period of outsized same store sales.”Gutman believes ORLY is due for better times, noting, "We view ORLY as a best-in-class operator in a fundamentally healthy sub-sector of Retail. Near-term COVID-19 disruption is a risk, but we think the stock's recent selloff is overdone and presents a compelling buying opportunity with a valuation discount to other high quality retailers."As a result, the analyst upgraded his view of the stock from Neutral to Buy. His $360 price target implies a modest upside of 7%. (To watch Gutman’s track record, click here)Overall, ORLY shares hold a Moderate Buy rating from the analyst consensus, based on 8 Buys, 6 Holds, and 1 Sell set in recent weeks. Meanwhile, the average price target, $364, indicates that there is room here for potential growth of 8% in the coming 12 months. (See O’Reilly stock analysis on TipRanks)ServiceMaster Global Holdings (SERV)Next up is a name in the maintenance industry. ServiceMaster caters to both the residential and commercial sectors, offering customers a wide range of services, including lawn and landscape maintenance, termite and other pest control, furniture repair and home and office cleaning. The company has responded to the COVID-19 epidemic in a clever way – by announcing a ‘full mobilization’ of services for cleaning and disinfecting both homes and offices.The company’s stock has underperformed in the recent market slide, and is down 33% year-to-date. And these losses come after SERV finished up 2019 with some mixed numbers for Q4. The quarterly results, reported in early March, saw revenues just miss the forecast, although the $507 million reported was up 11% YoY. EPS edged just over the estimates, and grew 16% year-over-year. The year-over-year growth didn’t boost the stock, as SERV shares are down 22.5% over the past year, which compares poorly to the 11.8% loss among its industry peers.Toni Kaplan, covering SERV for Morgan Stanley, sees the company with a clear path to weather the current storms. Kaplan writes, “We view SERV as somewhat hedged to the ongoing pandemic, as 80% of revenue is recurring, residential customers still have a need for pest control services, and commercial customers … will also have a need to keep facilities serviced for when workers return… We think SERV is well positioned for the immediate fallout from COVID-19, and the potential upcoming economic recession.”Kaplan upgrades SERV shares from Neutral to Buy, and sets a $35 price target that shows confidence in a robust 36% upside potential. (To watch Kaplan’s track record, click here)Overall, ServiceMaster’s Moderate Buy analyst consensus rating is based on an even split among the stock’s reviews: 3 Buys, 3 Holds, and 1 Sell. The stock sells for an affordable $26.15, a low entry point that helps to mitigate forward risk. The average price target, $36.43, shows the possible reward: a 42% upside potential for the next 12 months. (See ServiceMaster stock analysis on TipRanks)UDR, Inc. (UDR)UDR is a real estate investment trust, focused on the residential apartment sector. The company is among the largest apartment owners in the US, and operations brought in over $1.15 billion in revenue for 2019. The company’s earnings were strong enough that management increased the dividend, with the new quarterly payment of 36 cents taking effect this month.UDR’s dividend deserves note. The annualized payment, $1.44, gives a yield of 4.1%, on the low end for an REIT, but still more than double the average dividend found on the S&P 500. The company also has an 11-year history of reliably keeping up the payments.However, as Morgan Stanley analyst Richard Hill points out, apartment-based residential REITs are more likely to take a cyclical hit in a recession. As job losses grow, more people will have trouble paying their rent – and with apartment dwellers more likely both to fit the demographic profile of those facing layoffs, and less likely to possess adequate savings to see them through a time of dearth, the apartment-owning REIT’s are primed to see a decline in income.This makes the big question for UDR, Is a recession on the way, or are we looking at a V-shaped recovery?Hill believes that we are looking at a probably recession, along the lines of the one following 9/11, or the 2008 financial crisis. With that in mind, he has downgraded his stance on UDR shares, rating the stock a Sell. His price target, $33, suggests a likely downside of 7% this year. (To watch Hill’s track record, click here)Backing his stance, Hill writes, “UDR has the most downside risk in our FCF yield analysis, as we think their strengths (portfolio diversity, NextGen operating platform, predictive analytics, and capital allocation) are already reflective in the price… we see the risks skewed to the downside if job growth slows in the Company’s West Coast-focused markets.”All in all, UDR shares have received 5 Holds and 1 Sell rating in recent weeks, making the analyst consensus view here a Hold. The stock sells for $35.39, and at $45.17 the average price target still shows a 27% upside potential for the year. (See UDR stock analysis on TipRanks)To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.
U.S. equity markets surged this week, buoyed by positive vaccine data and on renewed hopes of a V-shaped economic recovery as countries around the world begin the reopening process.The S&P 500 ended the week higher by 3.1%, closing nearly 35% above its lows i…
Rent strikes are underway. Landlords face the difficulty of reduced rent collections, which can be devastating.Several of the publicly-traded REITs have better financial positions than your typical landlord.We'll dive into the actual impact to cash flows usin…
UDR earnings call for the period ending March 31, 2020.
DENVER--(BUSINESS WIRE)--UDR, Inc. (the “Company”) (NYSE: UDR), announced today that it will host the Company’s 2020 Annual Meeting of Shareholders in a virtual only meeting format due to public health concerns related to the novel coronavirus (COVID-19) and …