Stifel Nicolaus reiterated their hold rating on shares of United Dominion Realty Trust, Inc. (NYSE:UDR) in a report released on Friday morning. Stifel Nicolaus currently has a $41.00 target price on the real estate investment trust’s stock.

UDR has been the topic of several other research reports. BMO Capital Markets set a $39.00 price objective on United Dominion Realty Trust and gave the stock a hold rating in a report on Thursday, May 25th. Evercore ISI downgraded United Dominion Realty Trust from an in-line rating to an underperform rating and set a $38.00 price objective on the stock. in a report on Monday, June 12th. BTIG Research downgraded United Dominion Realty Trust from a buy rating to a neutral rating in a report on Friday, June 30th. BidaskClub downgraded United Dominion Realty Trust from a strong-buy rating to a buy rating in a report on Tuesday, July 11th. Finally, Zacks Investment Research upgraded United Dominion Realty Trust from a hold rating to a buy rating and set a $42.00 price objective on the stock in a report on Thursday, July 13th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $38.90.

United Dominion Realty Trust (NYSE:UDR) traded up 0.05% during trading on Friday, reaching $38.84. 992,201 shares of the company’s stock traded hands. United Dominion Realty Trust has a 12 month low of $32.79 and a 12 month high of $40.71. The company has a 50-day moving average of $38.93 and a 200 day moving average of $37.80. The stock has a market capitalization of $10.39 billion, a P/E ratio of 35.12 and a beta of 0.40.

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 Zacks’ consensus estimate of $0.47. United Dominion Realty Trust had a net margin of 30.74% and a return on equity of 10.40%. The company had revenue of $247.97 million during the quarter, compared to the consensus estimate of $244.17 million. During the same period in the prior year, the company earned $0.45 EPS. United Dominion Realty Trust’s revenue was up 3.9% on a year-over-year basis. On average, equities research analysts expect that United Dominion Realty Trust will post $0.25 earnings per share for the current fiscal year.

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In other news, CEO Thomas W. Toomey sold 30,000 shares of the company’s 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 transaction, the chief executive officer now owns 1,106,295 shares in the company, valued at approximately $42,990,623.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Warren L. Troupe sold 15,000 shares of the company’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $39.05, for a total value of $585,750.00. Following the completion of the transaction, the vice president now owns 561,075 shares in the company, valued at approximately $21,909,978.75. The disclosure for this sale can be found here. 3.07% of the stock is owned by corporate insiders.

Institutional investors have recently modified their holdings of the stock. Sanctuary Wealth Advisors LLC increased its position in shares of 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 worth $124,000 after buying an additional 1,701 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of 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 worth $205,000 after buying an additional 577 shares in the last quarter. Tiedemann Wealth Management LLC acquired a new position in shares of United Dominion Realty Trust during the first quarter worth $207,000. Princeton Alpha Management LP acquired a new position in shares of United Dominion Realty Trust during the first quarter worth $216,000. Finally, Pacer Advisors Inc. increased its position in shares of 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 worth $218,000 after buying an additional 192 shares in the last quarter. Institutional investors own 97.68% of the company’s stock.

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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