United Dominion Realty Trust, Inc. (NYSE:UDR) – Equities research analysts at KeyCorp upped their FY2017 earnings per share (EPS) estimates for United Dominion Realty Trust in a note issued to investors on Monday. KeyCorp analyst A. Wurschmidt now anticipates that the real estate investment trust will earn $1.87 per share for the year, up from their previous estimate of $1.85.

Several other brokerages also recently issued reports on UDR. Evercore ISI downgraded 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 note on Monday, June 12th. BMO Capital Markets reaffirmed a “hold” rating and issued a $39.00 price target on shares of United Dominion Realty Trust in a research note 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. BidaskClub cut shares of United Dominion Realty Trust from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Finally, Royal Bank Of Canada reiterated a “neutral” rating on shares of United Dominion Realty Trust in a report on Sunday, July 16th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company’s stock. United Dominion Realty Trust presently has a consensus rating of “Hold” and an average price target of $38.67.

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United Dominion Realty Trust (NYSE UDR) opened at 39.01 on Tuesday. United Dominion Realty Trust has a 52-week low of $32.79 and a 52-week high of $40.71. The stock has a market cap of $10.44 billion, a P/E ratio of 35.27 and a beta of 0.38. The firm’s 50-day moving average price is $38.79 and its 200 day moving average price is $37.44.

United Dominion Realty Trust (NYSE:UDR) last released its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.47 earnings per share for the quarter, meeting the consensus estimate of $0.47. The firm had revenue of $247.97 million during the quarter, compared to the consensus estimate of $244.17 million. United Dominion Realty Trust had a return on equity of 10.40% and a net margin of 30.74%. United Dominion Realty Trust’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period last year, the business posted $0.45 EPS.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sanctuary Wealth Advisors LLC raised its position in United Dominion Realty Trust by 100.0% in the first quarter. Sanctuary Wealth Advisors LLC now owns 3,402 shares of the real estate investment trust’s stock valued at $124,000 after buying an additional 1,701 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of United Dominion Realty Trust by 11.4% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 5,646 shares of the real estate investment trust’s stock valued at $205,000 after buying an additional 577 shares during the last quarter. Tiedemann Wealth Management LLC bought a new stake in shares of United Dominion Realty Trust during the first quarter valued at approximately $207,000. Princeton Alpha Management LP bought a new stake in shares of United Dominion Realty Trust during the first quarter valued at approximately $216,000. Finally, Pacer Advisors Inc. increased its stake in shares of United Dominion Realty Trust by 3.3% in the first quarter. Pacer Advisors Inc. now owns 6,000 shares of the real estate investment trust’s stock valued at $218,000 after buying an additional 192 shares during the last quarter. Institutional investors own 98.51% of the company’s stock.

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 sale, the vice president now directly owns 561,075 shares in the company, valued at approximately $21,909,978.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Harry G. Alcock sold 10,000 shares of United Dominion Realty Trust stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $38.72, for a total transaction of $387,200.00. Following the completion of the sale, the senior vice president now owns 115,163 shares in the company, valued at $4,459,111.36. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 50,000 shares of company stock worth $1,934,200. 3.07% of the stock is currently owned by company insiders.

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Monday, July 10th were issued a dividend of $0.31 per share. The ex-dividend date of this dividend was Thursday, July 6th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.18%. United Dominion Realty Trust’s payout ratio is 112.73%.

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.

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

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