UDR Stock Rallies 15.8% Year to Date: Will the Trend Continue?
A diverse portfolio with superior A/B quality properties in urban/suburban markets, a healthy balance sheet and technological moves support UDR's performance.
Down -5.62% in 4 Weeks, Here's Why UDR (UDR) Looks Ripe for a Turnaround
UDR (UDR) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
UDR, Inc. (UDR) Q3 2024 Earnings Call Transcript
UDR, Inc. (NYSE:UDR ) Q3 2024 Results Conference Call October 31, 2024 1:00 PM ET Company Participants Trent Trujillo - VP, IR Tom Toomey - Chairman and CEO Joe Fisher - President and CFO Mike Lacy - SVP, Operations Andrew Cantor - Senior Officer Chris Van Ens - Senior Officer Conference Call Participants Jamie Feldman - Wells Fargo Austin Wurschmidt - KeyBanc Capital Markets Eric Wolfe - Citi Josh Dennerlein - Bank of America Nick Yulico - Scotiabank Rich Anderson - Wedbush John Kim - BMO Capital Markets Michael Goldsmith - UBS Adam Kramer - Morgan Stanley Alexander Goldfarb - Piper Sandler John Pawlowski - Green Street Alexander Kalmus - Zelman & Associates Linda Tsai - Jefferies Operator Greetings, and welcome to UDR's Third Quarter 2024 Earnings Call. [Operator Instructions] As a reminder, this conference call is being recorded.
UDR Beats Q3 FFOA & Revenue Estimates, Ups 2024 Guidance
UDR's Q3 results reflect an increase in revenues from same-store communities in a resilient labor market despite high levels of new supply.
Compared to Estimates, UDR (UDR) Q3 Earnings: A Look at Key Metrics
While the top- and bottom-line numbers for UDR (UDR) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
UDR (UDR) Q3 FFO Match Estimates
UDR (UDR) came out with quarterly funds from operations (FFO) of $0.62 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.63 per share a year ago.
Exploring Analyst Estimates for UDR (UDR) Q3 Earnings, Beyond Revenue and EPS
Evaluate the expected performance of UDR (UDR) for the quarter ended September 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
All You Need to Know About UDR (UDR) Rating Upgrade to Buy
UDR (UDR) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
UDR Readies to Report Q3 Earnings: What's in the Offing for the Stock?
UDR's Q3 earnings are likely to have gained from portfolio diversification and technological initiatives, though high supply is likely to have acted as a dampener.
UDR: At Fair Value After A Rate-Driven Rally
UDR shares have outperformed the market, gaining 12% versus the S&P 500's 6% rally, driven by declining interest rates and stabilizing apartment rents. UDR's performance is closely tied to interest rates, benefiting from the Federal Reserve's rate cuts, though much of this tailwind may be priced in. UDR's geographic focus on legacy markets with less new supply has helped it weather the rental market downturn, though this will be less of a tailwind next year.
UDR Stock Rallies 26.4% in Six Months: Will the Trend Continue?
UDR is set to gain from its diverse portfolio of A/B quality properties in its markets, favorable demographics, technological moves and healthy balance sheet.
Here's Why You Should Retain UDR Stock in Your Portfolio Now
UDR's diverse portfolio, healthy balance sheet and process enhancements are upsides. However, an elevated supply of rental units and higher interest rates ail.
