Shares of United Dominion Realty Trust, Inc. (NYSE:UDR) have earned an average rating of “Hold” from the fourteen brokerages that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $38.14.

A number of research analysts recently weighed in on the stock. Morgan Stanley raised shares of United Dominion Realty Trust from an “underweight” rating to an “equal weight” rating in a report on Wednesday. They noted that the move was a valuation call. BidaskClub lowered shares of United Dominion Realty Trust from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Royal Bank Of Canada reissued a “neutral” rating on shares of United Dominion Realty Trust in a report on Sunday, July 16th. Zacks Investment Research lowered shares of United Dominion Realty Trust from a “buy” rating to a “hold” rating in a report on Friday, July 14th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $39.00 target price on shares of United Dominion Realty Trust in a report on Tuesday, July 4th.

In other United Dominion Realty Trust news, VP Warren L. Troupe sold 15,000 shares of United Dominion Realty Trust stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $39.05, for a total transaction of $585,750.00. Following the completion of the transaction, 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 can be accessed through this link. Also, CEO Thomas W. Toomey sold 25,000 shares of United Dominion Realty Trust stock in a transaction 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 transaction, 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 valued at $3,100,000 over the last ninety days. 3.07% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of UDR. BlackRock Inc. raised its position in 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 valued at $1,057,156,000 after buying an additional 27,990,211 shares during the last quarter. Vanguard Group Inc. raised its position in 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 valued at $1,702,911,000 after buying an additional 1,010,027 shares during the last quarter. Renaissance Technologies LLC raised its position in 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 valued at $152,473,000 after buying an additional 927,200 shares during the last quarter. American Century Companies Inc. purchased a new position in United Dominion Realty Trust during the first quarter valued at approximately $20,805,000. 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 valued at $59,294,000 after buying an additional 468,307 shares during the last quarter. 98.51% of the stock is owned by institutional investors.

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United Dominion Realty Trust (UDR) traded down 0.69% during trading on Friday, reaching $38.96. 837,171 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $38.76 and its 200-day moving average is $37.52. The company has a market cap of $10.42 billion, a P/E ratio of 35.23 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.

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

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Monday, July 10th were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 3.18%. The ex-dividend date was Thursday, July 6th. United Dominion Realty Trust’s payout ratio is 112.73%.

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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