SunTrust Banks cut shares of United Dominion Realty Trust (NYSE:UDR) from a buy rating to a hold rating in a report released on Wednesday morning, MarketBeat.com reports. The brokerage currently has $41.00 price target on the real estate investment trust’s stock. SunTrust Banks also issued estimates for United Dominion Realty Trust’s FY2017 earnings at $1.84 EPS, FY2019 earnings at $2.05 EPS, FY2020 earnings at $2.13 EPS and FY2021 earnings at $2.19 EPS.

UDR has been the subject of a number of other research reports. Stifel Nicolaus reissued a hold rating and set a $41.00 target price on shares of United Dominion Realty Trust in a research report on Friday, September 1st. Mizuho reissued a buy rating and set a $43.00 target price on shares of United Dominion Realty Trust in a research report on Monday, November 6th. Royal Bank Of Canada increased their target price on shares of United Dominion Realty Trust from $39.00 to $40.00 and gave the stock a sector perform rating in a research report on Wednesday, November 8th. UBS raised shares of United Dominion Realty Trust from a neutral rating to a buy rating and increased their target price for the stock from $39.00 to $43.00 in a research report on Friday, September 8th. Finally, KeyCorp reissued a hold rating on shares of United Dominion Realty Trust in a research report on Friday, August 25th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $40.14.

United Dominion Realty Trust (NYSE:UDR) opened at $39.22 on Wednesday. United Dominion Realty Trust has a one year low of $33.35 and a one year high of $40.71. The company has a current ratio of 5.45, a quick ratio of 5.45 and a debt-to-equity ratio of 1.31. The company has a market cap of $10,501.39, a PE ratio of 21.20, a PEG ratio of 3.35 and a beta of 0.39.

In other news, VP Warren L. Troupe sold 30,000 shares of the stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $37.93, for a total transaction of $1,137,900.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jon A. Grove sold 7,500 shares of the stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $37.74, for a total value 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 owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in UDR. Quantitative Investment Management LLC lifted its stake in United Dominion Realty Trust by 429.7% during the second quarter. Quantitative Investment Management LLC now owns 151,500 shares of the real estate investment trust’s stock worth $5,903,000 after purchasing an additional 122,900 shares during the last quarter. WESCAP Management Group Inc. increased its position 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. ING Groep NV increased its position in United Dominion Realty Trust by 69.1% in the third quarter. ING Groep NV now owns 23,124 shares of the real estate investment trust’s stock worth $879,000 after buying an additional 9,448 shares during the period. Finally, Norinchukin Bank The increased its position in United Dominion Realty Trust by 7.3% in the third quarter. Norinchukin Bank The now owns 19,915 shares of the real estate investment trust’s stock worth $757,000 after buying an additional 1,360 shares during the period. Hedge funds and other institutional investors own 96.62% of the company’s stock.

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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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