United Dominion Realty Trust, Inc. (NYSE:UDR)‘s stock had its “buy” rating reaffirmed by investment analysts at Cantor Fitzgerald in a research report issued to clients and investors on Wednesday. They currently have a $42.00 price objective on the real estate investment trust’s stock. Cantor Fitzgerald’s price objective points to a potential upside of 8.50% from the company’s current price.

UDR has been the topic of a number of other research reports. Zacks Investment Research upgraded 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. UBS AG upgraded United Dominion Realty Trust from a “neutral” rating to a “buy” rating and lifted their price target for the company from $39.00 to $43.00 in a report on Friday, September 8th. Royal Bank Of Canada reiterated a “neutral” rating on shares of United Dominion Realty Trust in a report on Sunday, July 16th. BMO Capital Markets reiterated a “hold” rating and set a $39.00 price target on shares of United Dominion Realty Trust in a report on Tuesday, July 4th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $41.00 price target on shares of United Dominion Realty Trust in a report on Friday, September 1st. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $39.55.

Shares of United Dominion Realty Trust (UDR) traded up 0.478% during mid-day trading on Wednesday, reaching $38.895. The company’s stock had a trading volume of 535,573 shares. United Dominion Realty Trust has a 52-week low of $32.79 and a 52-week high of $40.71. The company has a market capitalization of $10.41 billion, a PE ratio of 35.167 and a beta of 0.40. The firm’s 50 day moving average is $39.01 and its 200-day moving average is $37.99.

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 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 analyst estimates of $244.17 million. During the same period in the previous year, the firm earned $0.45 earnings per share. United Dominion Realty Trust’s revenue for the quarter was up 3.9% compared to the same quarter last year. Analysts forecast that United Dominion Realty Trust will post $0.25 EPS 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 business’s 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 transaction, the vice president now owns 561,075 shares in the company, valued at $21,909,978.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Thomas W. Toomey sold 30,000 shares of the business’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $38.86, for a total value of $1,165,800.00. Following the completion of 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. Insiders own 3.07% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Prudential Financial Inc. grew its stake in United Dominion Realty Trust by 1.2% in the first quarter. Prudential Financial Inc. now owns 371,049 shares of the real estate investment trust’s stock valued at $13,454,000 after purchasing an additional 4,300 shares in the last quarter. JPMorgan Chase & Co. grew its stake in United Dominion Realty Trust by 6.7% in the first quarter. JPMorgan Chase & Co. now owns 296,716 shares of the real estate investment trust’s stock valued at $10,759,000 after purchasing an additional 18,552 shares in the last quarter. Karp Capital Management Corp purchased a new position in United Dominion Realty Trust in the first quarter valued at about $2,479,000. Dimensional Fund Advisors LP grew its stake in 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 valued at $132,486,000 after purchasing an additional 62,984 shares in the last quarter. Finally, Paloma Partners Management Co grew its stake in United Dominion Realty Trust by 3.8% in the first quarter. Paloma Partners Management Co now owns 10,400 shares of the real estate investment trust’s stock valued at $377,000 after purchasing an additional 379 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.

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

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