United Dominion Realty Trust, Inc. (UDR) Price Target Raised to $40.00

United Dominion Realty Trust, Inc. (NYSE:UDR) had its price objective hoisted by Royal Bank Of Canada from $39.00 to $40.00 in a report issued on Wednesday, November 8th. Royal Bank Of Canada currently has a sector perform rating on the real estate investment trust’s stock.

Other equities research analysts also recently issued reports about the stock. Stifel Nicolaus restated a hold rating and set a $41.00 price objective on shares of United Dominion Realty Trust in a research report on Friday, September 1st. KeyCorp restated a hold rating on shares of United Dominion Realty Trust in a research report on Friday, August 25th. Morgan Stanley raised shares of United Dominion Realty Trust from an underweight rating to an equal weight rating in a research note on Wednesday, August 16th. They noted that the move was a valuation call. BidaskClub cut shares of United Dominion Realty Trust from a buy rating to a hold rating in a research note on Friday, July 28th. Finally, Zacks Investment Research cut shares of United Dominion Realty Trust from a buy rating to a hold rating in a research note on Friday, July 14th. Two research analysts have rated the stock with a sell rating, eleven have assigned 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.

United Dominion Realty Trust (UDR) traded down $0.35 during trading on Wednesday, reaching $39.17. The company had a trading volume of 4,300,000 shares, compared to its average volume of 1,440,000. 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 company has a market capitalization of $10,400.00, a PE ratio of 21.62, a P/E/G ratio of 3.42 and a beta of 0.40. United Dominion Realty Trust has a fifty-two week low of $32.85 and a fifty-two week high of $40.71.

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The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Tuesday, October 10th were issued a $0.31 dividend. The ex-dividend date was Friday, October 6th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.17%. United Dominion Realty Trust’s dividend payout ratio is presently 400.00%.

In other United Dominion Realty Trust news, VP Warren L. Troupe sold 30,000 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $37.93, for a total value of $1,137,900.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jon A. Grove sold 7,500 shares of the 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 transaction, the director now directly owns 452,808 shares of the company’s stock, valued at $17,088,973.92. The disclosure for this sale can be found here. Corporate insiders own 3.07% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Paloma Partners Management Co grew its position in shares of United Dominion Realty Trust by 3.8% during the 1st quarter. Paloma Partners Management Co now owns 10,400 shares of the real estate investment trust’s stock valued at $377,000 after acquiring an additional 379 shares during the period. WESCAP Management Group Inc. boosted its holdings in United Dominion Realty Trust by 55.1% in 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 during the period. Norinchukin Bank The boosted its holdings in United Dominion Realty Trust by 7.3% in 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 during the period. ING Groep NV boosted its holdings in United Dominion Realty Trust by 69.1% in 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 during the period. Finally, UBS Group AG boosted its holdings in United Dominion Realty Trust by 47.7% in the 1st quarter. UBS Group AG now owns 29,567 shares of the real estate investment trust’s stock worth $1,072,000 after buying an additional 9,544 shares during the period. 97.09% of the stock is owned by hedge funds and other institutional investors.

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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