United Dominion Realty Trust, Inc. (UDR) Given Average Rating of “Hold” by Analysts

United Dominion Realty Trust, Inc. (NYSE:UDR) has been given a consensus rating of “Hold” by the seventeen analysts that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $39.00.

A number of brokerages have recently commented on UDR. Evercore ISI lowered shares of United Dominion Realty Trust from an “in-line” rating to an “underperform” rating and set a $38.00 price target on the stock. in a report on Monday, June 12th. UBS AG 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 report on Friday. 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. BTIG Research downgraded shares of United Dominion Realty Trust from a “buy” rating to a “neutral” rating in a research note on Friday, June 30th. Finally, KeyCorp reissued a “hold” rating on shares of United Dominion Realty Trust in a research note on Friday, August 25th.

Shares of United Dominion Realty Trust (NYSE UDR) traded down 1.51% during mid-day trading on Tuesday, hitting $39.19. 1,970,369 shares of the company’s stock traded hands. The company has a market cap of $10.49 billion, a PE ratio of 35.43 and a beta of 0.40. The firm has a 50-day moving average of $39.01 and a 200 day moving average of $37.97. United Dominion Realty Trust has a 52 week low of $32.79 and a 52 week high of $40.71.

United Dominion Realty Trust (NYSE:UDR) last issued its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.47 EPS for the quarter, hitting analysts’ consensus estimates of $0.47. The company had revenue of $247.97 million for the quarter, compared to analyst estimates of $244.17 million. United Dominion Realty Trust had a net margin of 30.74% and a return on equity of 10.40%. United Dominion Realty Trust’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.45 earnings per share. Equities research analysts predict that United Dominion Realty Trust will post $0.25 EPS for the current year.

In other United Dominion Realty Trust news, VP Warren L. Troupe sold 15,000 shares of United Dominion Realty Trust stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $39.05, for a total value of $585,750.00. Following the completion of the sale, the vice president now directly owns 561,075 shares of the company’s stock, valued at $21,909,978.75. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Thomas W. Toomey sold 30,000 shares of United Dominion Realty Trust stock in a transaction on Monday, August 14th. The shares were sold at an average price of $38.86, for a total transaction of $1,165,800.00. Following the completion of the sale, the chief executive officer now directly owns 1,106,295 shares of the company’s stock, valued at $42,990,623.70. The disclosure for this sale can be found here. Insiders own 3.07% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Quantitative Investment Management LLC increased its stake in United Dominion Realty Trust by 429.7% in the second quarter. Quantitative Investment Management LLC now owns 151,500 shares of the real estate investment trust’s stock valued at $5,903,000 after purchasing an additional 122,900 shares in the last quarter. Skandinaviska Enskilda Banken AB publ increased its stake in United Dominion Realty Trust by 12.1% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 39,938 shares of the real estate investment trust’s stock valued at $1,448,000 after purchasing an additional 4,300 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in United Dominion Realty Trust by 10.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,433,637 shares of the real estate investment trust’s stock valued at $51,984,000 after purchasing an additional 139,511 shares in the last quarter. Bank of Nova Scotia increased its stake in United Dominion Realty Trust by 938.2% in the first quarter. Bank of Nova Scotia now owns 61,148 shares of the real estate investment trust’s stock valued at $2,217,000 after purchasing an additional 55,258 shares in the last quarter. Finally, Macquarie Group Ltd. increased its stake in United Dominion Realty Trust by 6.1% in the first quarter. Macquarie Group Ltd. now owns 818,765 shares of the real estate investment trust’s stock valued at $29,688,000 after purchasing an additional 47,157 shares in the last quarter. 97.68% of the stock is owned by hedge funds and other institutional investors.

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About United Dominion Realty Trust

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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