United Dominion Realty Trust, Inc. (NYSE:UDR) was upgraded by research analysts at Morgan Stanley from an “underweight” rating to an “equal weight” rating in a research report issued to clients and investors on Wednesday, Marketbeat reports. The analysts noted that the move was a valuation call.

A number of other equities analysts also recently commented on the company. BidaskClub downgraded United Dominion Realty Trust from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Royal Bank Of Canada restated a “neutral” rating on shares of United Dominion Realty Trust in a report on Sunday, July 16th. Zacks Investment Research downgraded United Dominion Realty Trust from a “buy” rating to a “hold” rating in a report on Friday, July 14th. BMO Capital Markets restated a “hold” rating and issued a $39.00 price objective on shares of United Dominion Realty Trust in a report on Tuesday, July 4th. Finally, BTIG Research downgraded United Dominion Realty Trust from a “buy” rating to a “neutral” rating in a report on Friday, June 30th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $38.67.

Shares of United Dominion Realty Trust (NYSE:UDR) traded up 0.77% during mid-day trading on Wednesday, reaching $39.23. 1,115,926 shares of the company traded hands. The stock has a market capitalization of $10.50 billion, a price-to-earnings ratio of 35.47 and a beta of 0.38. The company’s 50 day moving average is $38.76 and its 200 day moving average is $37.48. United Dominion Realty Trust has a 52-week low of $32.79 and a 52-week high of $40.71.

United Dominion Realty Trust (NYSE:UDR) last released its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.47 EPS for the quarter, hitting analysts’ consensus estimates of $0.47. The company had revenue of $247.97 million for the quarter, compared to the consensus estimate of $244.17 million. United Dominion Realty Trust had a return on equity of 10.40% and a net margin of 30.74%. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period last year, the business posted $0.45 EPS. On average, equities analysts forecast that United Dominion Realty Trust will post $0.25 earnings per share for the current year.

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In other United Dominion Realty Trust news, CEO Thomas W. Toomey sold 25,000 shares of the firm’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 owns 1,136,295 shares in the company, valued at approximately $43,690,542.75. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Harry G. Alcock sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $38.72, for a total value of $387,200.00. Following the sale, the senior vice president now owns 115,163 shares of the company’s stock, valued at approximately $4,459,111.36. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 80,000 shares of company stock worth $3,100,000. Company insiders own 3.07% of the company’s stock.

A number of large investors have recently modified their holdings of UDR. Vanguard Group Inc. raised its stake in shares of United Dominion Realty Trust by 2.2% in the first quarter. Vanguard Group Inc. now owns 46,963,868 shares of the real estate investment trust’s stock worth $1,702,911,000 after buying an additional 1,010,027 shares during the period. BlackRock Inc. raised its stake in shares of United Dominion Realty Trust by 2,403.2% in the first quarter. BlackRock Inc. now owns 29,154,927 shares of the real estate investment trust’s stock worth $1,057,156,000 after buying an additional 27,990,211 shares during the period. Bank of New York Mellon Corp raised its stake in shares of United Dominion Realty Trust by 2.6% in the first quarter. Bank of New York Mellon Corp now owns 7,497,481 shares of the real estate investment trust’s stock worth $271,858,000 after buying an additional 186,787 shares during the period. Renaissance Technologies LLC raised its stake in shares of United Dominion Realty Trust by 28.3% in the first quarter. Renaissance Technologies LLC now owns 4,205,000 shares of the real estate investment trust’s stock worth $152,473,000 after buying an additional 927,200 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of United Dominion Realty Trust by 1.8% in the first quarter. Dimensional Fund Advisors LP now owns 3,653,806 shares of the real estate investment trust’s stock worth $132,486,000 after buying an additional 62,984 shares during the period. Hedge funds and other institutional investors own 98.51% 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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