Press coverage about United Dominion Realty Trust (NYSE:UDR) has trended somewhat positive on Tuesday, according to Accern. Accern rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. United Dominion Realty Trust earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave news articles about the real estate investment trust an impact score of 45.2030248253157 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
A number of research firms have recently issued reports on UDR. UBS AG raised United Dominion Realty Trust from a “neutral” rating to a “buy” rating and raised their price objective for the company from $39.00 to $43.00 in a research report on Friday. Stifel Nicolaus reaffirmed a “hold” rating and issued a $41.00 price objective on shares of United Dominion Realty Trust in a research report on Friday, September 1st. KeyCorp reaffirmed a “hold” rating on shares of United Dominion Realty Trust in a research report on Friday, August 25th. Morgan Stanley raised 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. Finally, BidaskClub cut United Dominion Realty Trust from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $39.27.
United Dominion Realty Trust (UDR) traded down 1.51% during mid-day trading on Tuesday, reaching $39.19. The company had a trading volume of 1,970,369 shares. The stock has a market capitalization of $10.49 billion, a PE ratio of 35.43 and a beta of 0.40. United Dominion Realty Trust has a one year low of $32.79 and a one year high of $40.71. The company’s 50-day moving average is $39.01 and its 200-day moving average is $37.97.
United Dominion Realty Trust (NYSE:UDR) last announced its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.47 earnings per share for the quarter, meeting the consensus estimate of $0.47. United Dominion Realty Trust had a return on equity of 10.40% and a net margin of 30.74%. The business had revenue of $247.97 million during the quarter, compared to analyst estimates of $244.17 million. During the same period in the prior year, the company earned $0.45 earnings per share. United Dominion Realty Trust’s revenue was up 3.9% compared to the same quarter last year. Equities research analysts anticipate that United Dominion Realty Trust will post $0.25 earnings per share for the current year.
In other United Dominion Realty Trust news, CEO Thomas W. Toomey sold 30,000 shares of the stock in a transaction on Monday, August 14th. The stock was sold at an average price of $38.86, for a total transaction of $1,165,800.00. Following the completion of the transaction, the chief executive officer now directly owns 1,106,295 shares of the company’s stock, valued at $42,990,623.70. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Warren L. Troupe sold 15,000 shares of the stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $39.05, for a total value of $585,750.00. Following the transaction, the vice president now directly owns 561,075 shares of the company’s stock, valued at $21,909,978.75. The disclosure for this sale can be found here. 3.07% of the stock is currently owned by corporate insiders.
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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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