United Dominion Realty Trust, Inc. (NYSE:UDR) – Analysts at KeyCorp lifted their FY2018 earnings estimates for shares of United Dominion Realty Trust in a report released on Monday. KeyCorp analyst A. Wurschmidt now forecasts that the real estate investment trust will post earnings per share of $1.96 for the year, up from their prior forecast of $1.92.

United Dominion Realty Trust (NYSE:UDR) last announced its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.47. United Dominion Realty Trust had a net margin of 30.74% and a return on equity of 10.40%. The firm had revenue of $247.97 million for the quarter, compared to analyst estimates of $244.17 million. During the same quarter last year, the business earned $0.45 earnings per share. United Dominion Realty Trust’s revenue was up 3.9% compared to the same quarter last year.

WARNING: “FY2018 EPS Estimates for United Dominion Realty Trust, Inc. Increased by KeyCorp (UDR)” was reported by American Banking News and is the sole property of of American Banking News. If you are reading this article on another publication, it was illegally stolen and republished in violation of US & international trademark and copyright law. The correct version of this article can be viewed at https://www.americanbankingnews.com/2017/08/16/fy2018-eps-estimates-for-united-dominion-realty-trust-inc-increased-by-keycorp-udr.html.

UDR has been the topic of a number of other research reports. BTIG Research boosted their price target on shares of United Dominion Realty Trust from $37.00 to $39.00 and gave the company a “buy” rating in a report on Monday, April 24th. Zacks Investment Research upgraded shares of United Dominion Realty Trust from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a report on Thursday, July 13th. BMO Capital Markets restated a “hold” rating and set a $39.00 price target on shares of United Dominion Realty Trust in a report on Tuesday, July 4th. Cantor Fitzgerald restated a “buy” rating and set a $39.00 price target on shares of United Dominion Realty Trust in a report on Monday, April 24th. Finally, BidaskClub lowered shares of United Dominion Realty Trust from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the stock. United Dominion Realty Trust has an average rating of “Hold” and a consensus target price of $38.60.

Shares of United Dominion Realty Trust (NYSE:UDR) traded down 0.59% during mid-day trading on Wednesday, reaching $38.90. 451,636 shares of the company were exchanged. United Dominion Realty Trust has a 12 month low of $32.79 and a 12 month high of $40.71. The company’s 50 day moving average price is $38.77 and its 200 day moving average price is $37.47. The firm has a market capitalization of $10.41 billion, a PE ratio of 35.17 and a beta of 0.38.

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Monday, July 10th were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date of this dividend was Thursday, July 6th. United Dominion Realty Trust’s payout ratio is presently 112.73%.

In other United Dominion Realty Trust news, VP Warren L. Troupe sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $39.05, for a total value of $585,750.00. Following the completion of the sale, the vice president now directly owns 561,075 shares of the company’s stock, valued at $21,909,978.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Thomas W. Toomey sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $38.45, for a total transaction of $961,250.00. Following the completion of the sale, 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 80,000 shares of company stock worth $3,100,000 over the last ninety days. 3.07% of the stock is currently owned by insiders.

A number of hedge funds have recently bought and sold shares of the company. Quantitative Investment Management LLC increased its stake 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 buying an additional 122,900 shares in the last quarter. Skandinaviska Enskilda Banken AB publ increased its stake in 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 valued at $1,448,000 after buying an additional 4,300 shares in the last quarter. Goldman Sachs Group Inc. increased its stake 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 valued at $51,984,000 after buying an additional 139,511 shares in the last quarter. Bank of Nova Scotia increased its stake 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 valued at $2,217,000 after buying an additional 55,258 shares in the last quarter. Finally, Macquarie Group Ltd. increased its stake 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 valued at $29,688,000 after buying an additional 47,157 shares in the last quarter. 98.51% of the stock is owned by 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.

Earnings History and Estimates for United Dominion Realty Trust (NYSE:UDR)

Receive News & Ratings for United Dominion Realty Trust Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Dominion Realty Trust Inc. and related companies with MarketBeat.com's FREE daily email newsletter.