Equities analysts expect that United Dominion Realty Trust, Inc. (NYSE:UDR) will post sales of $250.86 million for the current quarter, according to Zacks. Four analysts have issued estimates for United Dominion Realty Trust’s earnings. The highest sales estimate is $255.16 million and the lowest is $246.52 million. United Dominion Realty Trust posted sales of $243.25 million in the same quarter last year, which would indicate a positive year over year growth rate of 3.1%. The firm is expected to report its next earnings report on Tuesday, October 24th.
According to Zacks, analysts expect that United Dominion Realty Trust will report full year sales of $250.86 million for the current year, with estimates ranging from $976.71 million to $1.00 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $1.05 billion per share, with estimates ranging from $1.01 billion to $1.08 billion. Zacks’ sales averages are an average based on a survey of analysts that cover United Dominion Realty Trust.
United Dominion Realty Trust (NYSE:UDR) last announced its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.47 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.47. The business had revenue of $247.97 million for the quarter, compared to the consensus estimate of $244.17 million. United Dominion Realty Trust had a net margin of 30.74% and a return on equity of 10.40%. United Dominion Realty Trust’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period last year, the company posted $0.45 EPS.
A number of equities analysts recently commented on UDR shares. 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 note on Thursday, July 13th. BidaskClub lowered United Dominion Realty Trust from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 11th. BTIG Research boosted their price target on United Dominion Realty Trust from $37.00 to $39.00 and gave the company a “buy” rating in a research note on Monday, April 24th. Cantor Fitzgerald reissued a “buy” rating and issued a $39.00 price target on shares of United Dominion Realty Trust in a research note on Monday, April 24th. Finally, Barclays PLC boosted their price target on United Dominion Realty Trust from $36.00 to $37.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 19th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $38.82.
Shares of United Dominion Realty Trust (NYSE UDR) traded down 0.58% during mid-day trading on Friday, hitting $39.09. 1,368,909 shares of the company were exchanged. The company has a market capitalization of $10.46 billion, a price-to-earnings ratio of 35.34 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. The firm has a 50 day moving average of $39.15 and a 200 day moving average of $37.18.
The business 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. The ex-dividend date is Thursday, July 6th. This represents a $1.24 annualized dividend and a yield of 3.17%. United Dominion Realty Trust’s dividend payout ratio (DPR) is currently 112.73%.
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In related news, SVP Harry G. Alcock sold 10,000 shares of the company’s stock in a transaction 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 completion of the sale, the senior vice president now owns 115,163 shares in the company, valued at $4,459,111.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Thomas W. Toomey sold 25,000 shares of the company’s stock in a transaction on Friday, May 26th. The stock was sold at an average price of $38.45, for a total value of $961,250.00. Following the sale, the chief executive officer now owns 1,136,295 shares of the company’s stock, valued at approximately $43,690,542.75. The disclosure for this sale can be found here. Insiders have sold 50,000 shares of company stock valued at $1,934,200 in the last quarter. 3.07% of the stock is currently owned by corporate insiders.
A number of large investors have recently made changes to their positions in the company. UBS Asset Management Americas Inc. increased its stake in shares of United Dominion Realty Trust by 4.2% in the fourth quarter. UBS Asset Management Americas Inc. now owns 1,065,971 shares of the real estate investment trust’s stock valued at $38,887,000 after buying an additional 42,602 shares during the period. Teachers Advisors LLC increased its stake in shares of United Dominion Realty Trust by 11.8% in the fourth quarter. Teachers Advisors LLC now owns 398,398 shares of the real estate investment trust’s stock valued at $14,534,000 after buying an additional 41,977 shares during the period. Kentucky Retirement Systems bought a new stake in shares of United Dominion Realty Trust during the fourth quarter valued at about $707,000. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in shares of United Dominion Realty Trust during the fourth quarter valued at about $316,000. Finally, Highbridge Capital Management LLC increased its stake in shares of United Dominion Realty Trust by 316.1% in the fourth quarter. Highbridge Capital Management LLC now owns 228,859 shares of the real estate investment trust’s stock valued at $8,349,000 after buying an additional 173,859 shares during the period. Institutional investors and hedge funds own 98.85% of the company’s stock.
About United Dominion Realty Trust
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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