United Dominion Realty Trust (NYSE:UDR) Price Target Raised to $43.00

United Dominion Realty Trust (NYSE:UDR) had its price objective increased by UBS Group from $39.00 to $43.00 in a research note published on Tuesday,Benzinga reports. UBS Group currently has a buy rating on the real estate investment trust’s stock.

A number of other research analysts have also weighed in on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of United Dominion Realty Trust in a research note on Monday, September 21st. Jefferies Financial Group upgraded shares of United Dominion Realty Trust to a “strong-buy” rating in a report on Wednesday, July 22nd. JPMorgan Chase & Co. increased their price objective on shares of United Dominion Realty Trust from $39.00 to $41.00 and gave the stock an “underweight” rating in a research report on Tuesday, August 4th. Barclays dropped their price objective on shares of United Dominion Realty Trust from $46.00 to $44.00 and set an “overweight” rating on the stock in a report on Wednesday, October 14th. Finally, Cantor Fitzgerald cut their price objective on shares of United Dominion Realty Trust from $41.00 to $39.00 and set a “neutral” rating on the stock in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $40.17.

United Dominion Realty Trust Stock Down 1.1%

NYSE:UDR opened at $36.16 on Tuesday. United Dominion Realty Trust has a 1 year low of $33.10 and a 1 year high of $42.00. The stock has a 50-day moving average price of $34.89 and a two-hundred day moving average price of $36.78. The stock has a market cap of $11.46 billion, a price-to-earnings ratio of 14.34, a PEG ratio of 9.27 and a beta of 0.70. The company has a current ratio of 3.44, a quick ratio of 3.44 and a debt-to-equity ratio of 1.87.

United Dominion Realty Trust (NYSE:UDR) last released its quarterly earnings results on Wednesday, October 21st. The real estate investment trust reported $0.67 EPS for the quarter. United Dominion Realty Trust had a return on equity of 22.39% and a net margin of 40.75%. The company had revenue of $428.08 million for the quarter. As a group, equities analysts expect that United Dominion Realty Trust will post 2.54 earnings per share for the current year.

United Dominion Realty Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 15th will be given a $0.1450 dividend. This represents a $1.74 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend is Tuesday, December 15th. United Dominion Realty Trust’s dividend payout ratio (DPR) is currently 82.08%.

Insider Buying and Selling

In other United Dominion Realty Trust news, COO Michael Lacy sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $36.48, for a total value of $364,800.00. Following the sale, the chief operating officer owned 783 shares in the company, valued at approximately $28,563.84. The trade was a 92.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.82% of the company’s stock.

Hedge Funds Weigh In On United Dominion Realty Trust

Hedge funds have recently made changes to their positions in the business. BlackRock Inc. bought a new stake in shares of United Dominion Realty Trust in the second quarter worth $1,247,535,000. Canada Pension Plan Investment Board bought a new position in United Dominion Realty Trust in the second quarter valued at $219,560,000. Bank of New York Mellon Corp bought a new position in United Dominion Realty Trust in the second quarter valued at $89,660,000. Legal & General Group Plc acquired a new stake in United Dominion Realty Trust in the 2nd quarter valued at $78,688,000. Finally, Bank of America Corp DE acquired a new stake in United Dominion Realty Trust in the 2nd quarter valued at $56,374,000. 97.82% of the stock is owned by institutional investors.

United Dominion Realty Trust Company Profile

UDR, Inc., formerly known as United Dominion Realty Trust, is a real estate investment trust focused on the ownership, development, acquisition and management of apartment communities in the United States. The company traces its history to 1972 and provides rental housing across a range of markets and communities. UDR’s portfolio is concentrated in major coastal and Sun Belt markets, including areas such as New York, Boston, Washington, D.C., Southern California, Seattle, Denver, Dallas, Austin, Nashville and South Florida.