United Dominion Realty Trust, Inc. (NYSE:UDR) was upgraded by equities research analysts at UBS AG from a “neutral” rating to a “buy” rating in a research note issued on Friday, The Fly reports.

A number of other equities research analysts have also recently issued reports on the company. Stifel Nicolaus reiterated a “hold” rating and set a $41.00 price objective on shares of United Dominion Realty Trust in a research note on Friday, September 1st. KeyCorp restated a “hold” rating on shares of United Dominion Realty Trust in a research note on Friday, August 25th. Morgan Stanley upgraded United Dominion Realty Trust from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, August 16th. They noted that the move was a valuation call. BidaskClub cut United Dominion Realty Trust from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Finally, Royal Bank Of Canada restated a “neutral” rating on shares of United Dominion Realty Trust in a research note on Sunday, July 16th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $38.90.

Shares of United Dominion Realty Trust (NYSE UDR) traded up 0.33% on Friday, hitting $39.56. 896,587 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $38.99 and its 200 day moving average price is $37.90. The company has a market cap of $10.59 billion, a price-to-earnings ratio of 35.77 and a beta of 0.40. United Dominion Realty Trust has a 1-year low of $32.79 and a 1-year high of $40.71.

United Dominion Realty Trust (NYSE:UDR) last announced its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.47. United Dominion Realty Trust had a return on equity of 10.40% and a net margin of 30.74%. The company had revenue of $247.97 million for the quarter, compared to analysts’ expectations of $244.17 million. During the same quarter in the prior year, the business posted $0.45 EPS. The business’s revenue was up 3.9% compared to the same quarter last year. On average, equities research analysts expect 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, VP Warren L. Troupe sold 15,000 shares of the stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $39.05, for a total transaction of $585,750.00. Following the transaction, the vice president now owns 561,075 shares in the company, valued at approximately $21,909,978.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Thomas W. Toomey sold 30,000 shares of the stock in a transaction on Monday, August 14th. The stock was sold at an average price of $38.86, for a total value of $1,165,800.00. Following the transaction, the chief executive officer now owns 1,106,295 shares in the company, valued at approximately $42,990,623.70. The disclosure for this sale can be found here. 3.07% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the business. Sanctuary Wealth Advisors LLC increased its position in United Dominion Realty Trust by 100.0% during the 1st quarter. Sanctuary Wealth Advisors LLC now owns 3,402 shares of the real estate investment trust’s stock worth $124,000 after buying an additional 1,701 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in shares of United Dominion Realty Trust by 11.4% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 5,646 shares of the real estate investment trust’s stock worth $205,000 after purchasing an additional 577 shares in the last quarter. Tiedemann Wealth Management LLC acquired a new stake in shares of United Dominion Realty Trust during the 1st quarter worth $207,000. Princeton Alpha Management LP acquired a new stake in shares of United Dominion Realty Trust during the 1st quarter worth $216,000. Finally, Pacer Advisors Inc. grew its holdings in shares of United Dominion Realty Trust by 3.3% during the 1st quarter. Pacer Advisors Inc. now owns 6,000 shares of the real estate investment trust’s stock worth $218,000 after purchasing an additional 192 shares in the last quarter. Hedge funds and other institutional investors own 97.68% of the company’s stock.

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.

The Fly

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

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