United Dominion Realty Trust, Inc. (UDR) Position Increased by ING Groep NV
ING Groep NV increased its holdings in United Dominion Realty Trust, Inc. (NYSE:UDR) by 69.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,124 shares of the real estate investment trust’s stock after purchasing an additional 9,448 shares during the quarter. ING Groep NV’s holdings in United Dominion Realty Trust were worth $879,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Separately, WESCAP Management Group Inc. lifted its holdings in United Dominion Realty Trust by 55.1% in the third quarter. WESCAP Management Group Inc. now owns 10,949 shares of the real estate investment trust’s stock worth $416,000 after buying an additional 3,890 shares during the period. Institutional investors own 96.26% of the company’s stock.
UDR has been the subject of several research analyst reports. Morgan Stanley upgraded shares of 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. BMO Capital Markets restated a “hold” rating and issued a $41.00 price objective on shares of United Dominion Realty Trust in a report on Monday. Royal Bank Of Canada raised their price objective on shares of United Dominion Realty Trust from $39.00 to $40.00 and gave the stock a “sector perform” rating in a report on Wednesday, November 8th. KeyCorp restated a “hold” rating on shares of United Dominion Realty Trust in a report on Friday, August 25th. Finally, Cantor Fitzgerald restated a “buy” rating and issued a $42.00 price objective on shares of United Dominion Realty Trust in a report on Wednesday, September 13th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $40.07.
United Dominion Realty Trust, Inc. (NYSE UDR) traded up $0.01 during mid-day trading on Monday, hitting $39.67. 372,600 shares of the stock traded hands, compared to its average volume of 1,365,704. United Dominion Realty Trust, Inc. has a 1 year low of $33.32 and a 1 year high of $40.71. The stock has a market capitalization of $10,621.88, a price-to-earnings ratio of 21.44, a price-to-earnings-growth ratio of 3.39 and a beta of 0.40. The company has a quick ratio of 5.45, a current ratio of 5.45 and a debt-to-equity ratio of 1.31.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Tuesday, October 10th were issued a dividend of $0.31 per share. The ex-dividend date was Friday, October 6th. This represents a $1.24 annualized dividend and a dividend yield of 3.13%. United Dominion Realty Trust’s payout ratio is 116.98%.
In other United Dominion Realty Trust news, Director Clinton D. Mcdonnough bought 2,000 shares of the stock in a transaction dated Tuesday, September 26th. The stock was purchased at an average cost of $38.17 per share, for a total transaction of $76,340.00. Following the completion of the acquisition, the director now owns 9,000 shares of the company’s stock, valued at $343,530. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jon A. Grove sold 7,500 shares of United Dominion Realty Trust stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $37.74, for a total transaction of $283,050.00. Following the transaction, the director now owns 452,808 shares of the company’s stock, valued at $17,088,973.92. The disclosure for this sale can be found here. 3.07% of the stock is currently owned by company insiders.
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.
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.