SunTrust Banks downgraded shares of United Dominion Realty Trust (NYSE:UDR) from a buy rating to a hold rating in a research note released on Wednesday morning, Marketbeat Ratings reports. SunTrust Banks currently has $41.00 price objective on the real estate investment trust’s stock. SunTrust Banks also issued estimates for United Dominion Realty Trust’s FY2017 earnings at $1.84 EPS, FY2019 earnings at $2.05 EPS, FY2020 earnings at $2.13 EPS and FY2021 earnings at $2.19 EPS.

Other equities analysts have also issued research reports about the company. 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 note on Thursday, October 5th. UBS upgraded United Dominion Realty Trust from a neutral rating to a buy rating and lifted their price target for the company from $39.00 to $43.00 in a research note on Friday, September 8th. BMO Capital Markets set a $40.00 price target on United Dominion Realty Trust and gave the company a hold rating in a research note on Tuesday, October 31st. Mizuho restated a buy rating and issued a $43.00 price target on shares of United Dominion Realty Trust in a research note on Monday, November 6th. Finally, Stifel Nicolaus restated a hold rating and issued a $41.00 price target on shares of United Dominion Realty Trust in a research note on Friday, September 1st. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $40.14.

Shares of United Dominion Realty Trust (UDR) opened at $39.22 on Wednesday. The company has a debt-to-equity ratio of 1.31, a current ratio of 5.45 and a quick ratio of 5.45. The firm has a market capitalization of $10,533.52, a price-to-earnings ratio of 21.26, a PEG ratio of 3.36 and a beta of 0.39. United Dominion Realty Trust has a 52-week low of $33.35 and a 52-week high of $40.71.

In other United Dominion Realty Trust news, VP Warren L. Troupe sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $37.93, for a total transaction of $1,137,900.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jon A. Grove sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $37.74, for a total value of $283,050.00. Following the sale, the director now owns 452,808 shares of the company’s stock, valued at $17,088,973.92. The disclosure for this sale can be found here. 3.07% of the stock is currently owned by insiders.

Large investors have recently bought and sold shares of the business. WESCAP Management Group Inc. increased its stake in United Dominion Realty Trust by 55.1% during the 3rd quarter. WESCAP Management Group Inc. now owns 10,949 shares of the real estate investment trust’s stock worth $416,000 after buying an additional 3,890 shares in the last quarter. Norinchukin Bank The increased its stake in United Dominion Realty Trust by 7.3% during the 3rd quarter. Norinchukin Bank The now owns 19,915 shares of the real estate investment trust’s stock worth $757,000 after buying an additional 1,360 shares in the last quarter. ING Groep NV increased its stake in United Dominion Realty Trust by 69.1% during the 3rd quarter. ING Groep NV now owns 23,124 shares of the real estate investment trust’s stock worth $879,000 after buying an additional 9,448 shares in the last quarter. Finally, Quantitative Investment Management LLC increased its stake in United Dominion Realty Trust by 429.7% during the 2nd quarter. Quantitative Investment Management LLC now owns 151,500 shares of the real estate investment trust’s stock worth $5,903,000 after buying an additional 122,900 shares in the last quarter. Institutional investors own 96.62% of the company’s stock.

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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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