United Dominion Realty Trust, Inc. (NYSE:UDR) Stock Has Average Price Target of $40.17

Key Points

• Analysts have a consensus “Hold” rating on UDR, with an average 12-month price target of $40.17. The stock recently traded at $36.47.
• UDR reported quarterly earnings of $0.67 per share and revenue of $428.08 million; analysts expect full-year EPS of $2.54.
• The REIT declared a monthly dividend of $0.145 per share, equivalent to $1.74 annually and a 4.8% yield.

Shares of United Dominion Realty Trust, Inc. (NYSE:UDR - Get Free Report) have been assigned a consensus recommendation of "Hold" from the seventeen ratings firms that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, nine have given a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $40.17.

A number of research firms recently weighed in on UDR. Royal Bank Of Canada upped their target price on shares of United Dominion Realty Trust from $37.00 to $38.00 and gave the stock a "sector perform" rating in a research note on Wednesday, November 4th. Cantor Fitzgerald decreased their price target on shares of United Dominion Realty Trust from $41.00 to $39.00 and set a "neutral" rating for the company in a research note on Monday, November 9th. The Goldman Sachs Group reaffirmed a "sell" rating and set a $38.00 price objective on shares of United Dominion Realty Trust in a research report on Thursday, July 30th. Scotiabank decreased their price target on United Dominion Realty Trust from $41.00 to $38.00 and set a "sector perform" rating for the company in a report on Thursday, September 17th. Finally, Wells Fargo & Company lowered their price objective on United Dominion Realty Trust from $43.00 to $39.00 and set an "overweight" rating for the company in a research report on Monday, October 19th.

United Dominion Realty Trust Stock Up 0.9%

Shares of NYSE:UDR traded up $0.34 during trading on Friday, hitting $36.47. The company's stock had a trading volume of 1,840,468 shares, compared to its average volume of 5,026,076. United Dominion Realty Trust has a fifty-two week low of $33.10 and a fifty-two week high of $42.00. The business has a 50 day moving average price of $34.90 and a two-hundred day moving average price of $36.77. The company has a debt-to-equity ratio of 1.87, a quick ratio of 3.44 and a current ratio of 3.44. The company has a market capitalization of $11.56 billion, a PE ratio of 17.20, a P/E/G ratio of 9.17 and a beta of 0.70.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) last announced its quarterly earnings data on Wednesday, October 21st. The real estate investment trust reported $0.67 earnings per share (EPS) for the quarter. United Dominion Realty Trust had a return on equity of 22.39% and a net margin of 40.75%. The business had revenue of $428.08 million for the quarter. As a group, research analysts expect that United Dominion Realty Trust will post 2.54 EPS for the current fiscal year.

United Dominion Realty Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 15th will be issued a dividend of $0.1450 per share. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a $1.74 dividend on an annualized basis and a yield of 4.8%. United Dominion Realty Trust's dividend payout ratio (DPR) is presently 82.08%.

Insider Buying and Selling at United Dominion Realty Trust

In other news, COO Michael Lacy sold 10,000 shares of the business's stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $36.48, for a total transaction of $364,800.00. Following the completion of the sale, the chief operating officer owned 783 shares in the company, valued at approximately $28,563.84. The trade was a 92.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.82% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new position in shares of United Dominion Realty Trust during the 2nd quarter worth $1,247,535,000. Canada Pension Plan Investment Board acquired a new stake in shares of United Dominion Realty Trust in the second quarter valued at about $219,560,000. Bank of New York Mellon Corp acquired a new stake in shares of United Dominion Realty Trust in the second quarter valued at about $89,660,000. Legal & General Group Plc acquired a new stake in shares of United Dominion Realty Trust in the second quarter valued at about $78,688,000. Finally, Bank of America Corp DE acquired a new stake in shares of United Dominion Realty Trust in the second quarter valued at about $56,374,000. 97.82% of the stock is currently owned by hedge funds and other institutional investors.

United Dominion Realty Trust Company Profile

UDR, Inc., formerly known as United Dominion Realty Trust, is a real estate investment trust focused on the ownership, development, acquisition and management of apartment communities in the United States. The company traces its history to 1972 and provides rental housing across a range of markets and communities. UDR's portfolio is concentrated in major coastal and Sun Belt markets, including areas such as New York, Boston, Washington, D.C., Southern California, Seattle, Denver, Dallas, Austin, Nashville and South Florida.

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