United Dominion Realty Trust, Inc. (NYSE:UDR) CEO Thomas W. Toomey sold 30,000 shares of United Dominion Realty Trust stock in a transaction dated Monday, August 14th. The stock was 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

United Dominion Realty Trust, Inc. (NYSE UDR) opened at 38.93 on Thursday. The firm has a market capitalization of $10.42 billion, a price-to-earnings ratio of 35.20 and a beta of 0.38. United Dominion Realty Trust, Inc. has a 52-week low of $32.79 and a 52-week high of $40.71. The stock’s 50 day moving average price is $38.76 and its 200 day moving average price is $37.48.

United Dominion Realty Trust (NYSE:UDR) last issued its quarterly earnings results 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. The company had revenue of $247.97 million during the quarter, compared to analysts’ expectations of $244.17 million. United Dominion Realty Trust had a return on equity of 10.40% and a net margin of 30.74%. The business’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.45 earnings per share. On average, equities analysts anticipate that United Dominion Realty Trust, Inc. will post $0.25 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Monday, July 10th were paid a $0.31 dividend. The ex-dividend date of this dividend was Thursday, July 6th. This represents a $1.24 annualized dividend and a dividend yield of 3.19%. United Dominion Realty Trust’s payout ratio is 112.73%.

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UDR has been the subject of a number of research reports. Barclays PLC lifted their price objective on United Dominion Realty Trust from $36.00 to $37.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 19th. Cantor Fitzgerald reiterated a “buy” rating and issued a $39.00 price objective on shares of United Dominion Realty Trust in a research report on Monday, April 24th. BTIG Research lifted their price objective on United Dominion Realty Trust from $37.00 to $39.00 and gave the stock a “buy” rating in a research report on Monday, April 24th. BMO Capital Markets set a $39.00 price objective on United Dominion Realty Trust and gave the stock a “hold” rating in a research report on Thursday, May 25th. Finally, Evercore ISI lowered United Dominion Realty Trust from an “in-line” rating to an “underperform” rating and set a $38.00 price objective for the company. in a research report on Monday, June 12th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the stock. United Dominion Realty Trust has an average rating of “Hold” and an average target price of $38.60.

Large investors have recently modified their holdings of the stock. Sumitomo Mitsui Asset Management Company LTD boosted its stake in shares of United Dominion Realty Trust by 5.8% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 36,186 shares of the real estate investment trust’s stock valued at $1,312,000 after buying an additional 1,984 shares during the last quarter. DUPONT CAPITAL MANAGEMENT Corp boosted its stake in shares of United Dominion Realty Trust by 4.5% in the first quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 58,211 shares of the real estate investment trust’s stock valued at $2,111,000 after buying an additional 2,526 shares during the last quarter. Shell Asset Management Co. boosted its stake in shares of United Dominion Realty Trust by 1.9% in the first quarter. Shell Asset Management Co. now owns 33,770 shares of the real estate investment trust’s stock valued at $1,225,000 after buying an additional 644 shares during the last quarter. First Citizens Bank & Trust Co. bought a new stake in shares of United Dominion Realty Trust during the first quarter valued at $1,444,000. Finally, Mn Services Vermogensbeheer B.V. boosted its stake in shares of United Dominion Realty Trust by 4.1% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 7,127 shares of the real estate investment trust’s stock valued at $242,000 after buying an additional 280 shares during the last quarter. 98.51% of the stock is owned by institutional investors.

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)

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