United Dominion Realty Trust, Inc. (UDR) Receives $38.22 Average PT from Analysts

Shares of United Dominion Realty Trust, Inc. (NYSE:UDR) have been given an average rating of “Hold” by the fifteen research firms that are covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $38.13.

UDR has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded United Dominion Realty Trust from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a research note on Thursday, July 13th. BTIG Research raised their price target on United Dominion Realty Trust from $37.00 to $39.00 and gave the company a “buy” rating in a report on Monday, April 24th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $39.00 price target on shares of United Dominion Realty Trust in a report on Monday, April 24th. Royal Bank Of Canada restated a “neutral” rating on shares of United Dominion Realty Trust in a research report on Sunday, July 16th. Finally, BMO Capital Markets restated a “hold” rating and set a $39.00 price target on shares of United Dominion Realty Trust in a research report on Tuesday, July 4th.

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In related news, SVP Harry G. Alcock sold 10,000 shares of the firm’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $38.72, for a total value of $387,200.00. Following the completion of the transaction, the senior vice president now owns 115,163 shares in the company, valued at approximately $4,459,111.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Warren L. Troupe sold 15,000 shares of the stock in a transaction dated 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. In the last ninety days, insiders have sold 50,000 shares of company stock worth $1,934,200. Insiders own 3.07% of the company’s stock.

Several large investors have recently bought and sold shares of UDR. Skandinaviska Enskilda Banken AB publ raised its position in shares of United Dominion Realty Trust by 12.1% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 39,938 shares of the real estate investment trust’s stock worth $1,448,000 after buying an additional 4,300 shares in the last quarter. Goldman Sachs Group Inc. raised its position in United Dominion Realty Trust by 10.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,433,637 shares of the real estate investment trust’s stock worth $51,984,000 after buying an additional 139,511 shares during the period. Bank of Nova Scotia raised its position in United Dominion Realty Trust by 938.2% in the first quarter. Bank of Nova Scotia now owns 61,148 shares of the real estate investment trust’s stock worth $2,217,000 after buying an additional 55,258 shares during the period. Macquarie Group Ltd. raised its position in United Dominion Realty Trust by 6.1% in the first quarter. Macquarie Group Ltd. now owns 818,765 shares of the real estate investment trust’s stock worth $29,688,000 after buying an additional 47,157 shares during the period. Finally, Credit Suisse AG raised its position in United Dominion Realty Trust by 40.1% in the first quarter. Credit Suisse AG now owns 1,635,247 shares of the real estate investment trust’s stock worth $59,294,000 after buying an additional 468,307 shares during the period. Hedge funds and other institutional investors own 98.79% of the company’s stock.

Shares of United Dominion Realty Trust (NYSE UDR) opened at 39.32 on Tuesday. United Dominion Realty Trust has a 12 month low of $32.79 and a 12 month high of $40.71. The company has a market capitalization of $10.52 billion, a P/E ratio of 35.55 and a beta of 0.38. The company has a 50-day moving average of $39.15 and a 200 day moving average of $37.18.

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 (EPS) for the quarter, hitting the Thomson Reuters’ 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 business had revenue of $247.97 million during the quarter, compared to the consensus estimate of $244.17 million. During the same quarter in the prior year, the company posted $0.45 earnings per share. United Dominion Realty Trust’s revenue was up 3.9% compared to the same quarter last year. Analysts forecast that United Dominion Realty Trust will post $0.28 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Monday, July 10th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Thursday, July 6th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.15%. United Dominion Realty Trust’s dividend payout ratio is 112.73%.

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.

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

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