Mizuho restated their buy rating on shares of United Dominion Realty Trust, Inc. (NYSE:UDR) in a report released on Monday. Mizuho currently has a $43.00 price target on the real estate investment trust’s stock.

Several other research analysts have also recently issued reports on UDR. BidaskClub cut United Dominion Realty Trust from a strong-buy rating to a buy rating in a research report on Tuesday, July 11th. Zacks Investment Research raised United Dominion Realty Trust from a hold rating to a buy rating and set a $42.00 target price on the stock in a research report on Thursday, July 13th. Royal Bank Of Canada reaffirmed a neutral rating on shares of United Dominion Realty Trust in a research report on Sunday, July 16th. Morgan Stanley raised United Dominion Realty Trust from an underweight rating to an equal weight rating in a research report on Wednesday, August 16th. They noted that the move was a valuation call. Finally, KeyCorp reaffirmed 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, eleven have given a hold rating and five have issued a buy rating to the company. United Dominion Realty Trust presently has an average rating of Hold and a consensus price target of $40.00.

Shares of United Dominion Realty Trust (NYSE:UDR) traded up $0.40 on Monday, hitting $39.29. The stock had a trading volume of 1,506,533 shares, compared to its average volume of 1,310,000. The company has a market capitalization of $10,470.00, a P/E ratio of 20.80, a price-to-earnings-growth ratio of 3.31 and a beta of 0.40. The company has a quick ratio of 5.45, a current ratio of 5.45 and a debt-to-equity ratio of 1.31. United Dominion Realty Trust has a 52 week low of $32.85 and a 52 week high of $40.71.

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The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Tuesday, October 10th were given a $0.31 dividend. The ex-dividend date was Friday, October 6th. This represents a $1.24 annualized dividend and a yield of 3.16%. United Dominion Realty Trust’s dividend payout ratio is currently 400.00%.

In other United Dominion Realty Trust news, VP Warren L. Troupe sold 30,000 shares of the business’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $37.93, for a total value of $1,137,900.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jon A. Grove sold 7,500 shares of the business’s stock in a transaction 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 completion of the sale, the director now owns 452,808 shares in the company, valued at $17,088,973.92. The disclosure for this sale can be found here. In the last three months, insiders sold 67,500 shares of company stock worth $2,586,750. Insiders own 3.07% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of UDR. Morgan Stanley raised its stake in shares of United Dominion Realty Trust by 202.9% in the first quarter. Morgan Stanley now owns 663,166 shares of the real estate investment trust’s stock valued at $24,046,000 after buying an additional 444,231 shares during the period. Quantitative Investment Management LLC raised its stake in shares of United Dominion Realty Trust by 429.7% in the second quarter. Quantitative Investment Management LLC now owns 151,500 shares of the real estate investment trust’s stock valued at $5,903,000 after buying an additional 122,900 shares during the period. Teachers Advisors LLC raised its stake in shares of United Dominion Realty Trust by 11.4% in the first quarter. Teachers Advisors LLC now owns 443,928 shares of the real estate investment trust’s stock valued at $16,097,000 after buying an additional 45,530 shares during the period. UBS Group AG raised its stake in shares of United Dominion Realty Trust by 47.7% in the first quarter. UBS Group AG now owns 29,567 shares of the real estate investment trust’s stock valued at $1,072,000 after buying an additional 9,544 shares during the period. Finally, Paloma Partners Management Co raised 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 buying an additional 379 shares during the period. Hedge funds and other institutional investors own 97.24% 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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