Equities research analysts expect United Dominion Realty Trust, Inc. (NYSE:UDR) to post sales of $251.54 million for the current quarter, Zacks reports. Five analysts have made estimates for United Dominion Realty Trust’s earnings, with the highest sales estimate coming in at $255.58 million and the lowest estimate coming in at $249.38 million. United Dominion Realty Trust posted sales of $243.01 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 3.5%. The firm is scheduled to announce its next quarterly earnings report on Monday, January 29th.

On average, analysts expect that United Dominion Realty Trust will report full-year sales of $251.54 million for the current year, with estimates ranging from $982.46 million to $995.05 million. For the next financial year, analysts expect that the company will post sales of $1.03 billion per share, with estimates ranging from $1.01 billion to $1.06 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover United Dominion Realty Trust.

A number of research analysts recently commented on UDR shares. 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. Mizuho restated a “buy” rating and issued a $43.00 price target on shares of United Dominion Realty Trust in a research report on Monday, November 6th. Royal Bank Of Canada lifted their price target on shares of United Dominion Realty Trust from $39.00 to $40.00 and gave the stock a “sector perform” rating in a research report on Wednesday, November 8th. UBS upgraded shares of United Dominion Realty Trust from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $39.00 to $43.00 in a research report on Friday, September 8th. Finally, KeyCorp restated a “hold” rating on shares of United Dominion Realty Trust in a research report on Friday, August 25th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $40.14.

In other news, Director Clinton D. Mcdonnough acquired 2,000 shares of the stock in a transaction on Tuesday, September 26th. The shares were purchased at an average cost of $38.17 per share, for a total transaction of $76,340.00. Following the transaction, the director now owns 9,000 shares in the company, valued at approximately $343,530. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Warren L. Troupe sold 30,000 shares of United Dominion Realty Trust stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $37.93, for a total transaction of $1,137,900.00. The disclosure for this sale can be found here. Insiders own 3.07% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Norinchukin Bank The grew its position in United Dominion Realty Trust by 7.3% during the 3rd quarter. Norinchukin Bank The now owns 19,915 shares of the real estate investment trust’s stock worth $757,000 after purchasing an additional 1,360 shares in the last quarter. ING Groep NV grew its position in United Dominion Realty Trust by 69.1% during the 3rd quarter. ING Groep NV now owns 23,124 shares of the real estate investment trust’s stock worth $879,000 after purchasing an additional 9,448 shares in the last quarter. WESCAP Management Group Inc. grew its position in United Dominion Realty Trust by 55.1% during the 3rd quarter. WESCAP Management Group Inc. now owns 10,949 shares of the real estate investment trust’s stock worth $416,000 after purchasing an additional 3,890 shares in the last quarter. Finally, Quantitative Investment Management LLC grew its position in United Dominion Realty Trust by 429.7% during the 2nd quarter. Quantitative Investment Management LLC now owns 151,500 shares of the real estate investment trust’s stock worth $5,903,000 after purchasing an additional 122,900 shares in the last quarter. Hedge funds and other institutional investors own 96.62% of the company’s stock.

United Dominion Realty Trust (NYSE UDR) opened at $38.80 on Wednesday. United Dominion Realty Trust has a 12 month low of $33.35 and a 12 month high of $40.71. The company has a current ratio of 5.45, a quick ratio of 5.45 and a debt-to-equity ratio of 1.31. The company has a market cap of $10,501.39, a P/E ratio of 21.20, a P/E/G ratio of 3.41 and a beta of 0.39.

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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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Earnings History and Estimates for United Dominion Realty Trust (NYSE:UDR)

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