United Dominion Realty Trust, Inc. (NYSE:UDR) VP Warren L. Troupe sold 30,000 shares of United Dominion Realty Trust stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $37.93, for a total transaction of $1,137,900.00. The sale was disclosed in a document filed with the SEC, which is available at this link.

United Dominion Realty Trust, Inc. (NYSE UDR) traded up 1.13% during trading on Wednesday, reaching $38.39. 787,899 shares of the company’s stock were exchanged. The firm has a market cap of $10.27 billion, a P/E ratio of 34.71 and a beta of 0.40. The stock’s 50 day moving average price is $38.77 and its 200 day moving average price is $38.25. United Dominion Realty Trust, Inc. 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 earnings results on Wednesday, July 26th. The real estate investment trust reported $0.47 EPS for the quarter, meeting the 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 period last year, the firm earned $0.45 EPS. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. Equities research analysts anticipate that United Dominion Realty Trust, Inc. will post $0.25 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Tuesday, October 10th will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 3.23%. The ex-dividend date of this dividend is Friday, October 6th. United Dominion Realty Trust’s dividend payout ratio is currently 112.73%.

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A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in United Dominion Realty Trust by 2.2% in the 1st 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 period. BlackRock Inc. increased its holdings in United Dominion Realty Trust by 2,403.2% in the 1st 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 period. Renaissance Technologies LLC increased its holdings in United Dominion Realty Trust by 28.3% in the 1st 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 period. Dimensional Fund Advisors LP increased its holdings in United Dominion Realty Trust by 1.8% in the 1st 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 buying an additional 62,984 shares during the period. Finally, Geode Capital Management LLC increased its holdings in United Dominion Realty Trust by 6.9% in the 1st quarter. Geode Capital Management LLC now owns 3,098,189 shares of the real estate investment trust’s stock valued at $112,206,000 after buying an additional 199,849 shares during the period. 97.62% of the stock is currently owned by hedge funds and other institutional investors.

UDR has been the topic of several recent research reports. Evercore ISI lowered shares of United Dominion Realty Trust from an “in-line” rating to an “underperform” rating and set a $38.00 target price on the stock. in a research report on Monday, June 12th. BTIG Research lowered shares of United Dominion Realty Trust from a “buy” rating to a “neutral” rating in a research report on Friday, June 30th. BMO Capital Markets reiterated a “hold” rating and set a $39.00 target price on shares of United Dominion Realty Trust in a research report on Tuesday, July 4th. BidaskClub lowered shares of United Dominion Realty Trust from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 11th. Finally, Zacks Investment Research upgraded shares of United Dominion Realty Trust from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a research report on Thursday, July 13th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company. United Dominion Realty Trust presently has a consensus rating of “Hold” and a consensus price target of $39.55.

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.

Insider Buying and Selling by Quarter for United Dominion Realty Trust (NYSE:UDR)

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