United Dominion Realty Trust, Inc. (NYSE:UDR) issued an update on its fourth quarter earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $0.42 to $0.44 for the period, compared to the Thomson Reuters consensus estimate of $0.48.
A number of analysts have issued reports on the stock. Stifel Nicolaus reiterated a hold rating and set a $41.00 price target on shares of United Dominion Realty Trust in a research note on Friday, September 1st. KeyCorp reiterated a hold rating on shares of United Dominion Realty Trust in a research note on Friday, August 25th. Morgan Stanley upgraded 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 lowered shares of United Dominion Realty Trust from a buy rating to a hold rating in a research note on Friday, July 28th. Finally, UBS AG upgraded shares of United Dominion Realty Trust from a neutral rating to a buy rating and upped their target price for the stock from $39.00 to $43.00 in a research note on Friday, September 8th. Two investment 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’s stock. United Dominion Realty Trust presently has a consensus rating of Hold and an average price target of $40.00.
United Dominion Realty Trust, Inc. (NYSE:UDR) opened at $39.99 on Wednesday. The stock has a market capitalization of $10,694.17, a price-to-earnings ratio of 21.59, a price-to-earnings-growth ratio of 3.41 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, Inc. has a 52-week low of $32.85 and a 52-week high of $40.71.
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Tuesday, October 10th were given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date was Friday, October 6th. United Dominion Realty Trust’s dividend payout ratio is currently 116.98%.
In related news, Director Clinton D. Mcdonnough acquired 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 26th. The shares were acquired at an average price of $38.17 per share, with a total value of $76,340.00. Following the completion of the purchase, the director now directly owns 9,000 shares in the company, valued at $343,530. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, VP Warren L. Troupe sold 30,000 shares of the stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $37.93, for a total value of $1,137,900.00. The disclosure for this sale can be found here. Company insiders own 3.07% 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.
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