United Dominion Realty Trust, Inc. (NYSE:UDR) Price Target Increased to $40.00 by Analysts at Royal Bank Of Canada

United Dominion Realty Trust, Inc. (NYSE:UDR) had its price target raised by Royal Bank Of Canada from $39.00 to $40.00 in a research note published on Wednesday, November 8th. Royal Bank Of Canada currently has a sector perform rating on the real estate investment trust’s stock.

Several other equities analysts have also issued reports on the stock. Mizuho reaffirmed a buy rating and issued a $43.00 price target on shares of United Dominion Realty Trust in a report on Monday, November 6th. BMO Capital Markets set a $40.00 price target on shares of United Dominion Realty Trust and gave the stock a hold rating in a report on Tuesday, October 31st. Robert W. Baird upgraded shares of United Dominion Realty Trust from a neutral rating to an outperform rating and set a $41.00 price objective for the company in a research note on Thursday, October 5th. Cantor Fitzgerald reiterated a buy rating and set a $42.00 price objective on shares of United Dominion Realty Trust in a research note on Wednesday, September 13th. Finally, UBS AG upgraded shares of United Dominion Realty Trust from a neutral rating to a buy rating and lifted their price objective for the stock from $39.00 to $43.00 in a research note on Friday, September 8th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the stock. United Dominion Realty Trust currently has an average rating of Hold and a consensus price target of $40.00.

United Dominion Realty Trust (UDR) opened at $39.17 on Wednesday. The company has a quick ratio of 5.45, a current ratio of 5.45 and a debt-to-equity ratio of 1.31. United Dominion Realty Trust has a 1-year low of $32.85 and a 1-year high of $40.71. The stock has a market cap of $10,488.00, a price-to-earnings ratio of 21.17, a price-to-earnings-growth ratio of 3.35 and a beta of 0.40.

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The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Tuesday, October 10th were issued a $0.31 dividend. The ex-dividend date was Friday, October 6th. This represents a $1.24 annualized dividend and a dividend yield of 3.17%. United Dominion Realty Trust’s dividend payout ratio is currently 116.98%.

In related news, Director Jon A. Grove sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $37.74, for a total value of $283,050.00. Following the completion of the sale, the director now owns 452,808 shares in the company, valued at $17,088,973.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Warren L. Troupe sold 30,000 shares of the firm’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $37.93, for a total transaction of $1,137,900.00. The disclosure for this sale can be found here. 3.07% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Quantitative Investment Management LLC grew its holdings in United Dominion Realty Trust by 429.7% in the second quarter. Quantitative Investment Management LLC now owns 151,500 shares of the real estate investment trust’s stock valued at $5,903,000 after purchasing an additional 122,900 shares during the period. Teachers Advisors LLC grew its holdings in United Dominion Realty Trust by 11.4% in the first quarter. Teachers Advisors LLC now owns 443,928 shares of the real estate investment trust’s stock valued at $16,097,000 after purchasing an additional 45,530 shares during the period. UBS Group AG grew its holdings in United Dominion Realty Trust by 47.7% in the first quarter. UBS Group AG now owns 29,567 shares of the real estate investment trust’s stock valued at $1,072,000 after purchasing an additional 9,544 shares during the period. ING Groep NV grew its holdings in United Dominion Realty Trust by 69.1% in the third quarter. ING Groep NV now owns 23,124 shares of the real estate investment trust’s stock valued at $879,000 after purchasing an additional 9,448 shares during the period. Finally, WESCAP Management Group Inc. grew its holdings in United Dominion Realty Trust by 55.1% in the third quarter. WESCAP Management Group Inc. now owns 10,949 shares of the real estate investment trust’s stock valued at $416,000 after purchasing an additional 3,890 shares during the period. Institutional investors and hedge funds own 96.26% 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.

Analyst Recommendations for United Dominion Realty Trust (NYSE:UDR)

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