Shares of United Dominion Realty Trust, Inc. (NYSE:UDR) have received a consensus recommendation of “Hold” from the sixteen ratings firms that are currently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $37.78.
A number of equities analysts have recently commented on UDR shares. Zacks Investment Research raised shares of United Dominion Realty Trust from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a report on Thursday, July 13th. BidaskClub downgraded shares of United Dominion Realty Trust from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 11th. BTIG Research raised their price objective on shares of United Dominion Realty Trust from $37.00 to $39.00 and gave the stock a “buy” rating in a report on Monday, April 24th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $39.00 price objective on shares of United Dominion Realty Trust in a report on Monday, April 24th. Finally, Barclays PLC raised their price objective on shares of United Dominion Realty Trust from $36.00 to $37.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 19th.
Shares of United Dominion Realty Trust (UDR) traded down 0.58% during midday trading on Monday, hitting $39.14. 1,562,728 shares of the stock were exchanged. The stock’s 50 day moving average is $39.24 and its 200 day moving average is $37.12. The firm has a market cap of $10.47 billion, a P/E ratio of 34.76 and a beta of 0.38. United Dominion Realty Trust has a 12-month low of $32.79 and a 12-month high of $40.71.
United Dominion Realty Trust (NYSE:UDR) last released its quarterly earnings data on Monday, April 24th. The real estate investment trust reported $0.45 EPS for the quarter, hitting analysts’ consensus estimates of $0.45. The company had revenue of $243.80 million during the quarter, compared to the consensus estimate of $240.55 million. United Dominion Realty Trust had a net margin of 31.84% and a return on equity of 10.43%. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period last year, the firm earned $0.43 EPS. On average, equities research analysts forecast that United Dominion Realty Trust will post $0.28 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Investors of record on Monday, July 10th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 3.17%. The ex-dividend date of this dividend is Thursday, July 6th. United Dominion Realty Trust’s dividend payout ratio is currently 109.74%.
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In related news, SVP Harry G. Alcock sold 10,000 shares of United Dominion Realty Trust stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $38.72, for a total transaction of $387,200.00. Following the completion of the transaction, the senior vice president now directly owns 115,163 shares of the company’s stock, valued at approximately $4,459,111.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Thomas W. Toomey sold 25,000 shares of United Dominion Realty Trust stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $38.45, for a total transaction of $961,250.00. Following the transaction, the chief executive officer now directly owns 1,136,295 shares of the company’s stock, valued at $43,690,542.75. The disclosure for this sale can be found here. Insiders have sold a total of 50,000 shares of company stock valued at $1,934,200 over the last three months. 3.07% of the stock is currently owned by insiders.
A number of institutional investors have recently made changes to their positions in the stock. Cleararc Capital Inc. increased its position in shares of United Dominion Realty Trust by 0.9% in the first quarter. Cleararc Capital Inc. now owns 6,543 shares of the real estate investment trust’s stock valued at $237,000 after buying an additional 61 shares in the last quarter. Telos Capital Management Inc. increased its position in shares of United Dominion Realty Trust by 0.8% in the first quarter. Telos Capital Management Inc. now owns 18,200 shares of the real estate investment trust’s stock valued at $660,000 after buying an additional 145 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of United Dominion Realty Trust by 3.3% in the first quarter. Pacer Advisors Inc. now owns 6,000 shares of the real estate investment trust’s stock valued at $218,000 after buying an additional 192 shares in the last quarter. Mn Services Vermogensbeheer B.V. increased its position in shares of United Dominion Realty Trust by 4.1% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 7,127 shares of the real estate investment trust’s stock valued at $242,000 after buying an additional 280 shares in the last quarter. Finally, Oppenheimer & Co. Inc. increased its position in shares of United Dominion Realty Trust by 0.7% in the first quarter. Oppenheimer & Co. Inc. now owns 52,756 shares of the real estate investment trust’s stock valued at $1,913,000 after buying an additional 350 shares in the last quarter. 98.79% of the stock is owned by hedge funds and other institutional investors.
United Dominion Realty Trust Company Profile
UDR, Inc is a self-administered real estate investment trust. The Company owns, operates, acquires, renovates, develops, redevelops, disposes of and manages multifamily apartment communities generally located in various markets across the United States. The Company’s segments are Same-Store Communities and Non-Mature Communities/Other.
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