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What's in Store for UDR Inc (UDR) this Earnings Season?
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UDR Inc. (UDR - Free Report) is slated to report fourth quarter and 2016 results on Monday, Jan 30, after the market closes.
Last quarter, the Denver, CO-based residential real estate investment trust (“REIT”) reported in-line results. In fact, in all the trailing four quarters, UDR Inc. posted in-line numbers.
For the fourth quarter, the company expects adjusted funds from operations (“FFO”) per share in the range of 45–47 cents. The Zacks Consensus Estimate for fourth-quarter FFO is currently pegged at 45 cents.
The graph below reflects the surprise history of the company.
United Dominion Realty Trust, Inc. Price and EPS Surprise
UDR Inc. has to tackle elevated deliveries in a number of its markets, including San Francisco and New York. The supply levels are anticipated to remain elevated in the upcoming quarters too. This remains a concern as elevated levels of supply limits a landlord’s ability to demand more rents and results in lesser absorption.
However, the company has a vast experience in the residential real estate market. Its superior portfolio in targeted U.S. markets and disciplined capital allocation should aid its results in the to-be-reported quarter as well as in the future.
Earnings Whispers
Our proven model does not conclusively show that UDR Inc. will beat on earnings this season. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), #2 (Buy) or #3 (Hold) for this to happen. However, that is not the case here as you will see below.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks ESP: Both the Most Accurate estimate and the Zacks Consensus Estimate currently stand at 45 cents, which translates into an Earnings ESP of 0.00%.
Zacks Rank: UDR Inc. currently has a Zacks Rank #4 (Sell).
As it is we caution against stocks with a Zacks Rank #4 or 5 (Sell rated) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Stocks to Consider
Here are three REITs that you may want to consider as our model shows that they also have the right combination of elements to post an earnings beat this quarter:
Camden Property Trust (CPT - Free Report) , slated to release earnings results on Feb 7, has an Earnings ESP of +0.88% and a Zacks Rank #3.
CubeSmart (CUBE - Free Report) , slated to release earnings results on Feb 16, has an Earnings ESP of +2.70% and a Zacks Rank #3.
Note: All EPS numbers presented in this write up represent funds from operations (FFO) per share. FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
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What's in Store for UDR Inc (UDR) this Earnings Season?
UDR Inc. (UDR - Free Report) is slated to report fourth quarter and 2016 results on Monday, Jan 30, after the market closes.
Last quarter, the Denver, CO-based residential real estate investment trust (“REIT”) reported in-line results. In fact, in all the trailing four quarters, UDR Inc. posted in-line numbers.
For the fourth quarter, the company expects adjusted funds from operations (“FFO”) per share in the range of 45–47 cents. The Zacks Consensus Estimate for fourth-quarter FFO is currently pegged at 45 cents.
The graph below reflects the surprise history of the company.
United Dominion Realty Trust, Inc. Price and EPS Surprise
United Dominion Realty Trust, Inc. Price and EPS Surprise | United Dominion Realty Trust, Inc. Quote
Factors to Consider
UDR Inc. has to tackle elevated deliveries in a number of its markets, including San Francisco and New York. The supply levels are anticipated to remain elevated in the upcoming quarters too. This remains a concern as elevated levels of supply limits a landlord’s ability to demand more rents and results in lesser absorption.
However, the company has a vast experience in the residential real estate market. Its superior portfolio in targeted U.S. markets and disciplined capital allocation should aid its results in the to-be-reported quarter as well as in the future.
Earnings Whispers
Our proven model does not conclusively show that UDR Inc. will beat on earnings this season. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), #2 (Buy) or #3 (Hold) for this to happen. However, that is not the case here as you will see below.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks ESP: Both the Most Accurate estimate and the Zacks Consensus Estimate currently stand at 45 cents, which translates into an Earnings ESP of 0.00%.
Zacks Rank: UDR Inc. currently has a Zacks Rank #4 (Sell).
As it is we caution against stocks with a Zacks Rank #4 or 5 (Sell rated) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Stocks to Consider
Here are three REITs that you may want to consider as our model shows that they also have the right combination of elements to post an earnings beat this quarter:
Camden Property Trust (CPT - Free Report) , slated to release earnings results on Feb 7, has an Earnings ESP of +0.88% and a Zacks Rank #3.
CubeSmart (CUBE - Free Report) , slated to release earnings results on Feb 16, has an Earnings ESP of +2.70% and a Zacks Rank #3.
Ashford Hospitality Prime, Inc. , slated to release earnings results on Feb 22, has an Earnings ESP of +16.67% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Note: All EPS numbers presented in this write up represent funds from operations (FFO) per share. FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
The Best Place to Start Your Stock Search
Today, you are invited to download the full list of 220 Zacks Rank #1 "Strong Buy" stocks – absolutely free of charge. Since 1988, Zacks Rank #1 stocks have nearly tripled the market, with average gains of +26% per year. Plus, you can access the list of portfolio-killing Zacks Rank #5 "Strong Sells" and other private research. See these stocks free >>