United Dominion Realty Trust, Inc. (UDR) Given Average Recommendation of “Hold” by Analysts
United Dominion Realty Trust, Inc. (NYSE:UDR) has earned an average recommendation of “Hold” from the eighteen brokerages that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $39.60.
Several equities research analysts recently commented on UDR shares. Cantor Fitzgerald reiterated a “buy” rating and issued a $42.00 price objective on shares of United Dominion Realty Trust in a report on Wednesday, September 13th. UBS AG upgraded United Dominion Realty Trust from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $39.00 to $43.00 in a report on Friday, September 8th. Zacks Investment Research upgraded United Dominion Realty Trust from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a report on Thursday, July 13th. BidaskClub downgraded United Dominion Realty Trust from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 11th. Finally, Morgan Stanley upgraded United Dominion Realty Trust from an “underweight” rating to an “equal weight” rating in a report on Wednesday, August 16th. They noted that the move was a valuation call.
In other United Dominion Realty Trust news, Director Clinton D. Mcdonnough purchased 2,000 shares of the stock in a transaction that occurred on Tuesday, September 26th. The shares were bought at an average cost of $38.17 per share, with a total value of $76,340.00. Following the acquisition, the director now owns 9,000 shares in the company, valued at $343,530. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Warren L. Troupe sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $37.93, for a total value of $1,137,900.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 67,500 shares of company stock worth $2,586,750. 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 the stock. Paloma Partners Management Co lifted its holdings in United Dominion Realty Trust by 3.8% in the 1st quarter. Paloma Partners Management Co now owns 10,400 shares of the real estate investment trust’s stock worth $377,000 after purchasing an additional 379 shares in the last quarter. Skandinaviska Enskilda Banken AB publ lifted its holdings in United Dominion Realty Trust by 12.1% in the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 39,938 shares of the real estate investment trust’s stock worth $1,448,000 after purchasing an additional 4,300 shares in the last quarter. UBS Group AG lifted its holdings in United Dominion Realty Trust by 47.7% in the 1st quarter. UBS Group AG now owns 29,567 shares of the real estate investment trust’s stock worth $1,072,000 after purchasing an additional 9,544 shares in the last quarter. Gotham Asset Management LLC purchased a new position in United Dominion Realty Trust in the 1st quarter worth approximately $1,126,000. Finally, Teachers Advisors LLC lifted its holdings in United Dominion Realty Trust by 11.4% in the 1st quarter. Teachers Advisors LLC now owns 443,928 shares of the real estate investment trust’s stock worth $16,097,000 after purchasing an additional 45,530 shares in the last quarter. 97.25% of the stock is currently owned by institutional investors.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Tuesday, October 10th were given a dividend of $0.31 per share. The ex-dividend date was Friday, October 6th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.20%. United Dominion Realty Trust’s payout ratio is currently 116.98%.
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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.
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