United Dominion Realty Trust, Inc. (NYSE:UDR) CEO Thomas W. Toomey sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $38.86, for a total value of $1,165,800.00. Following the completion of the sale, the chief executive officer now owns 1,106,295 shares of the company’s stock, valued at $42,990,623.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Shares of United Dominion Realty Trust, Inc. (NYSE:UDR) traded up 0.31% during mid-day trading on Tuesday, hitting $39.13. The stock had a trading volume of 1,230,745 shares. United Dominion Realty Trust, Inc. has a 52-week low of $32.79 and a 52-week high of $40.71. The company has a market cap of $10.47 billion, a PE ratio of 35.38 and a beta of 0.38. The stock has a 50 day moving average price of $38.79 and a 200-day moving average price of $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. United Dominion Realty Trust had a return on equity of 10.40% and a net margin of 30.74%. The firm had revenue of $247.97 million during the quarter, compared to the consensus estimate of $244.17 million. During the same period last year, the business posted $0.45 EPS. United Dominion Realty Trust’s quarterly revenue was up 3.9% on a year-over-year basis. On average, equities analysts expect that United Dominion Realty Trust, Inc. will post $0.25 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Monday, July 10th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 3.17%. The ex-dividend date of this dividend was Thursday, July 6th. United Dominion Realty Trust’s payout ratio is currently 112.73%.

TRADEMARK VIOLATION WARNING: “United Dominion Realty Trust, Inc. (UDR) CEO Thomas W. Toomey Sells 30,000 Shares” was first posted by Watch List News and is the property of of Watch List News. If you are viewing this article on another site, it was illegally stolen and reposted in violation of United States & international trademark and copyright laws. The original version of this article can be accessed at https://www.watchlistnews.com/united-dominion-realty-trust-inc-udr-ceo-thomas-w-toomey-sells-30000-shares/1492281.html.

A number of institutional investors have recently added to or reduced their stakes in UDR. Sanctuary Wealth Advisors LLC increased 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 during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in 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 purchased a new position in United Dominion Realty Trust during the first quarter valued at $207,000. Princeton Alpha Management LP purchased a new position in United Dominion Realty Trust during the first quarter valued at $216,000. Finally, Pacer Advisors Inc. increased its position in 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. 98.51% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have recently commented on the company. 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 research report on Thursday, July 13th. BidaskClub cut United Dominion Realty Trust from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. BMO Capital Markets restated a “hold” rating and issued a $39.00 price objective on shares of United Dominion Realty Trust in a research report on Tuesday, July 4th. Royal Bank Of Canada restated a “neutral” rating on shares of United Dominion Realty Trust in a research report on Sunday, July 16th. Finally, BTIG Research cut United Dominion Realty Trust from a “buy” rating to a “neutral” rating in a research report on Friday, June 30th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. United Dominion Realty Trust has a consensus rating of “Hold” and a consensus price target of $38.67.

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.

Insider Buying and Selling by Quarter for United Dominion Realty Trust (NYSE:UDR)

Receive News & Ratings for United Dominion Realty Trust Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Dominion Realty Trust Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.