United Dominion Realty Trust, Inc. (NYSE:UDR) 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 completion of the sale, the director now owns 452,808 shares of the company’s stock, valued at approximately $17,088,973.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

United Dominion Realty Trust, Inc. (UDR) traded down 0.05% during midday trading on Friday, hitting $38.03. 1,253,655 shares of the stock traded hands. The company has a market cap of $10.18 billion, a PE ratio of 34.39 and a beta of 0.40. The company’s 50-day moving average is $38.99 and its 200-day moving average is $38.08. United Dominion Realty Trust, Inc. has a one year low of $32.79 and a one year high of $40.71.

United Dominion Realty Trust (NYSE:UDR) last released its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, hitting the 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 analyst estimates of $244.17 million. During the same quarter in the prior year, the business earned $0.45 earnings per share. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. Equities research analysts expect that United Dominion Realty Trust, Inc. will post $0.25 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Tuesday, October 10th will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 3.26%. The ex-dividend date of this dividend is Friday, October 6th. United Dominion Realty Trust’s payout ratio is currently 112.73%.

ILLEGAL ACTIVITY NOTICE: This story was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this story on another domain, it was copied illegally and republished in violation of U.S. & international copyright & trademark legislation. The original version of this story can be viewed at https://www.thecerbatgem.com/2017/09/30/united-dominion-realty-trust-inc-udr-director-jon-a-grove-sells-7500-shares.html.

Several analysts recently weighed in on UDR shares. Evercore ISI downgraded shares of United Dominion Realty Trust from an “in-line” rating to an “underperform” rating and set a $38.00 target price for the company. in a report on Monday, June 12th. BTIG Research downgraded shares of United Dominion Realty Trust from a “buy” rating to a “neutral” rating in a report on Friday, June 30th. BMO Capital Markets reiterated a “hold” rating and issued a $39.00 target price on shares of United Dominion Realty Trust in a report on Tuesday, July 4th. BidaskClub cut shares of United Dominion Realty Trust from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 11th. Finally, Zacks Investment Research raised shares of United Dominion Realty Trust from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a research report on Thursday, July 13th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company. United Dominion Realty Trust has an average rating of “Hold” and an average price target of $39.55.

Hedge funds have recently made changes to their positions in the company. Pacer Advisors Inc. boosted its stake 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 valued at $218,000 after purchasing an additional 192 shares during the period. Cleararc Capital Inc. boosted its stake in shares of United Dominion Realty Trust by 0.9% in the first quarter. Cleararc Capital Inc. now owns 6,543 shares of the real estate investment trust’s stock valued at $237,000 after purchasing an additional 61 shares during the period. Global X Management Co. LLC boosted its stake in shares of United Dominion Realty Trust by 21.8% in the first quarter. Global X Management Co. LLC now owns 9,765 shares of the real estate investment trust’s stock valued at $354,000 after purchasing an additional 1,746 shares during the period. Paloma Partners Management Co boosted its stake in shares of United Dominion Realty Trust by 3.8% in the first quarter. Paloma Partners Management Co now owns 10,400 shares of the real estate investment trust’s stock valued at $377,000 after purchasing an additional 379 shares during the period. Finally, Oxford Asset Management purchased a new position in shares of United Dominion Realty Trust in the first quarter valued at $600,000. Institutional investors and hedge funds own 97.62% of the company’s stock.

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)

Receive News & Stock 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 stocks with our FREE daily email newsletter.