Somewhat Favorable Press Coverage Somewhat Unlikely to Impact United Dominion Realty Trust (UDR) Stock Price
News coverage about United Dominion Realty Trust (NYSE:UDR) has been trending somewhat positive on Saturday, Accern Sentiment reports. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. United Dominion Realty Trust earned a news sentiment score of 0.10 on Accern’s scale. Accern also assigned press coverage about the real estate investment trust an impact score of 45.8617484426845 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
United Dominion Realty Trust (UDR) opened at $39.74 on Friday. United Dominion Realty Trust has a 1-year low of $32.85 and a 1-year high of $40.71. The company has a market capitalization of $10,664.72, a PE ratio of 21.53, a PEG ratio of 3.43 and a beta of 0.40. The company has a debt-to-equity ratio of 1.31, a current ratio of 5.45 and a quick ratio of 5.45.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Tuesday, October 10th were issued a $0.31 dividend. The ex-dividend date of this dividend was Friday, October 6th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.12%. United Dominion Realty Trust’s payout ratio is currently 116.98%.
Several brokerages have weighed in on UDR. UBS AG upgraded United Dominion Realty Trust from a “neutral” rating to a “buy” rating and upped their price target for the stock from $39.00 to $43.00 in a report on Friday, September 8th. Royal Bank Of Canada upped their price target on United Dominion Realty Trust from $39.00 to $40.00 and gave the stock a “sector perform” rating in a report on Wednesday. KeyCorp restated a “hold” rating on shares of United Dominion Realty Trust in a report on Friday, August 25th. 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. Finally, Mizuho restated a “buy” rating and set a $43.00 price target on shares of United Dominion Realty Trust in a report on Monday, November 6th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $40.00.
In related news, Director Jon A. Grove sold 7,500 shares of the company’s stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $37.74, for a total value of $283,050.00. Following the completion of the sale, the director now directly owns 452,808 shares of the company’s stock, valued at approximately $17,088,973.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Warren L. Troupe sold 30,000 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were 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. In the last quarter, insiders sold 67,500 shares of company stock worth $2,586,750. Company insiders own 3.07% of the company’s stock.
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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