United Dominion Realty Trust, Inc. (NYSE:UDR) issued an update on its third quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.46-0.47 for the period, compared to the Thomson Reuters consensus estimate of $0.47. United Dominion Realty Trust also updated its FY17 guidance to $1.84-1.88 EPS.
Shares of United Dominion Realty Trust, Inc. (UDR) traded down 0.36% during midday trading on Friday, hitting $38.64. 1,162,886 shares of the stock were exchanged. The stock has a market cap of $10.34 billion, a P/E ratio of 34.94 and a beta of 0.38. The firm’s 50 day moving average price is $39.10 and its 200-day moving average price is $37.25. United Dominion Realty Trust, Inc. has a 52-week low of $32.79 and a 52-week high of $40.71.
United Dominion Realty Trust (NYSE:UDR) last posted its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.47 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.47. United Dominion Realty Trust had a return on equity of 10.40% and a net margin of 30.74%. The firm had revenue of $247.97 million for the quarter, compared to analysts’ expectations of $244.17 million. During the same period in the previous year, the firm earned $0.45 EPS. The business’s quarterly revenue was up 3.9% on a year-over-year basis. On average, equities research analysts expect that United Dominion Realty Trust, Inc. will post $0.24 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Monday, July 10th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Thursday, July 6th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.21%. United Dominion Realty Trust’s payout ratio is currently 112.73%.
A number of research analysts have recently weighed in on the company. Zacks Investment Research raised United Dominion Realty Trust from a hold rating to a buy rating and set a $42.00 price objective on the stock in a research report on Thursday, July 13th. BTIG Research lifted their price objective on United Dominion Realty Trust from $37.00 to $39.00 and gave the company a buy rating in a research 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 research report on Monday, April 24th. Royal Bank Of Canada reaffirmed a neutral rating on shares of United Dominion Realty Trust in a research report on Sunday, July 16th. Finally, BMO Capital Markets reaffirmed a hold rating and set a $39.00 price objective on shares of United Dominion Realty Trust in a research report on Tuesday, July 4th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $38.67.
In other news, SVP Harry G. Alcock sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $38.72, for a total transaction of $387,200.00. Following the sale, 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 can be accessed through this hyperlink. Also, VP Warren L. Troupe sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $39.05, for a total value of $585,750.00. Following the sale, the vice president now directly owns 561,075 shares in the company, valued at $21,909,978.75. The disclosure for this sale can be found here. Over the last three months, insiders sold 50,000 shares of company stock worth $1,934,200. 3.07% of the stock is owned by insiders.
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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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