United Dominion Realty Trust, Inc. (NYSE:UDR) had its price objective increased by Royal Bank Of Canada from $39.00 to $40.00 in a report published on Wednesday. The firm currently has a sector perform rating on the real estate investment trust’s stock.

A number of other research analysts have also weighed in on UDR. Zacks Investment Research upgraded United Dominion Realty Trust from a hold rating to a buy rating and set a $42.00 price objective for the company in a research report on Thursday, July 13th. BMO Capital Markets set a $40.00 price objective on United Dominion Realty Trust and gave the company a hold rating in a research report on Tuesday, October 31st. Mizuho restated a buy rating and set a $43.00 price objective on shares of United Dominion Realty Trust in a research report on Monday. Robert W. Baird upgraded United Dominion Realty Trust from a neutral rating to an outperform rating and set a $41.00 price objective for the company in a research report on Thursday, October 5th. Finally, Morgan Stanley upgraded 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. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $40.00.

Shares of United Dominion Realty Trust (NYSE UDR) traded down $0.22 during mid-day trading on Wednesday, reaching $39.83. The company’s stock had a trading volume of 1,882,616 shares, compared to its average volume of 1,354,229. The stock has a market cap of $10,520.13, a price-to-earnings ratio of 21.24, a PEG ratio of 3.38 and a beta of 0.40. The company has a debt-to-equity ratio of 1.31, a current ratio of 5.45 and a quick ratio of 5.45. United Dominion Realty Trust has a 1-year low of $32.85 and a 1-year high of $40.71.

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The business also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Tuesday, October 10th were given a $0.31 dividend. The ex-dividend date of this dividend was Friday, October 6th. This represents a $1.24 annualized dividend and a yield of 3.11%. United Dominion Realty Trust’s dividend payout ratio is currently 116.98%.

In other United Dominion Realty Trust news, Director Jon A. Grove sold 7,500 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $17,088,973.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Warren L. Troupe sold 30,000 shares of the firm’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $37.93, for a total transaction of $1,137,900.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 67,500 shares of company stock valued at $2,586,750. 3.07% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Paloma Partners Management Co lifted its stake in 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 worth $377,000 after purchasing an additional 379 shares during the last quarter. Norinchukin Bank The lifted its stake in United Dominion Realty Trust by 7.3% in the third quarter. Norinchukin Bank The now owns 19,915 shares of the real estate investment trust’s stock worth $757,000 after purchasing an additional 1,360 shares during the last quarter. WESCAP Management Group Inc. lifted its stake in United Dominion Realty Trust by 55.1% in the third quarter. WESCAP Management Group Inc. now owns 10,949 shares of the real estate investment trust’s stock worth $416,000 after purchasing an additional 3,890 shares during the last quarter. ING Groep NV lifted its stake in United Dominion Realty Trust by 69.1% in the third quarter. ING Groep NV now owns 23,124 shares of the real estate investment trust’s stock worth $879,000 after purchasing an additional 9,448 shares during the last quarter. Finally, UBS Group AG lifted its stake in 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 worth $1,072,000 after purchasing an additional 9,544 shares during the last quarter. 97.24% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for United Dominion Realty Trust (NYSE:UDR)

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