United Dominion Realty Trust, Inc. (NYSE:UDR – Get Free Report) declared a monthly dividend on Thursday, September 24th. Shareholders of record on Monday, November 16th will be paid a dividend of $0.1450 per share by the real estate investment trust on Monday, November 30th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date is Monday, November 16th.
United Dominion Realty Trust has increased its dividend by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 15 consecutive years. United Dominion Realty Trust has a payout ratio of 285.2% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect United Dominion Realty Trust to earn $2.58 per share next year, which means the company should continue to be able to cover its $1.74 annual dividend with an expected future payout ratio of 67.4%.
United Dominion Realty Trust Stock Down 0.3%
NYSE UDR opened at $33.44 on Friday. The firm has a market cap of $10.74 billion, a PE ratio of 21.30, a P/E/G ratio of 8.69 and a beta of 0.70. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 2.01. United Dominion Realty Trust has a 52 week low of $32.94 and a 52 week high of $42.00. The business’s fifty day simple moving average is $37.16 and its 200-day simple moving average is $37.10.
United Dominion Realty Trust Company Profile
United Dominion Realty Trust, Inc (NYSE: UDR) is a real estate investment trust focused on the ownership, acquisition, development, redevelopment and management of multifamily apartment communities. The company generates revenue primarily by leasing residential units to individuals and families.
Founded in 1972, UDR provides rental housing under its apartment community brands and supports residents through property management and related services. Its portfolio includes conventional apartment communities as well as properties offering amenities and technology-enabled services intended to enhance the resident experience.
UDR operates in selected metropolitan markets across the United States, with a focus on areas characterized by employment growth, household formation and sustained demand for rental housing.
Featured Stories
- Five stocks we like better than United Dominion Realty Trust
- Super Micro’s Vera Rubin Shipments Put Its AI Infrastructure Advantage to the Test
- Cintas Raises Guidance as a Major Catalyst Moves Closer
- 3 Space Stocks to Watch as SpaceX Reshapes the Launch Market
- Dave’s Success Has Investors Split
Receive News & Ratings for United Dominion Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Dominion Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.
