Shares of United Dominion Realty Trust, Inc. (NYSE:UDR – Get Free Report) crossed below its 200-day moving average during trading on Friday following insider selling activity. The stock has a 200-day moving average of $36.80 and traded as low as $36.10. United Dominion Realty Trust shares last traded at $36.5940, with a volume of 4,790,736 shares traded.
Specifically, COO Michael Lacy sold 10,000 shares of the stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $36.48, for a total transaction of $364,800.00. Following the transaction, the chief operating officer owned 783 shares of the company’s stock, valued at approximately $28,563.84. This represents a 92.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Analyst Ratings Changes
Several equities analysts recently weighed in on UDR shares. Wells Fargo & Company cut their price target on shares of United Dominion Realty Trust from $43.00 to $39.00 and set an “overweight” rating on the stock in a report on Monday, October 19th. Evercore set a $41.00 price target on United Dominion Realty Trust in a research note on Monday, September 21st. UBS Group lowered their target price on United Dominion Realty Trust from $41.00 to $39.00 and set a “buy” rating on the stock in a research note on Wednesday, October 14th. Scotiabank reduced their price objective on United Dominion Realty Trust from $41.00 to $38.00 and set a “sector perform” rating on the stock in a research report on Thursday, September 17th. Finally, Royal Bank Of Canada raised their price objective on United Dominion Realty Trust from $37.00 to $38.00 and gave the company a “sector perform” rating in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, United Dominion Realty Trust has a consensus rating of “Hold” and a consensus target price of $40.10.
View Our Latest Stock Analysis on UDR
United Dominion Realty Trust Stock Performance
The firm has a fifty day simple moving average of $34.93 and a 200-day simple moving average of $36.80. The stock has a market cap of $11.76 billion, a price-to-earnings ratio of 17.26, a P/E/G ratio of 7.85 and a beta of 0.70. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 2.01.
United Dominion Realty Trust (NYSE:UDR – Get Free Report) last announced its earnings results on Wednesday, October 21st. The real estate investment trust reported $0.67 EPS for the quarter. The firm had revenue of $428.08 million for the quarter. United Dominion Realty Trust had a net margin of 40.75% and a return on equity of 22.31%. Analysts forecast that United Dominion Realty Trust, Inc. will post 2.54 EPS for the current fiscal year.
United Dominion Realty Trust Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 15th will be given a dividend of $0.1450 per share. This represents a $1.74 annualized dividend 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 is 82.08%.
Hedge Funds Weigh In On United Dominion Realty Trust
Several large investors have recently modified their holdings of the stock. New Mexico Educational Retirement Board increased its position in United Dominion Realty Trust by 7.2% during the 2nd quarter. New Mexico Educational Retirement Board now owns 14,900 shares of the real estate investment trust’s stock worth $595,000 after buying an additional 1,000 shares during the period. Rakuten Investment Management Inc. bought a new stake in United Dominion Realty Trust in the second quarter worth approximately $1,258,000. Empowered Funds LLC acquired a new stake in United Dominion Realty Trust in the second quarter valued at approximately $253,000. United Capital Financial Advisors LLC bought a new position in United Dominion Realty Trust in the 2nd quarter valued at about $366,000. Finally, Pacific Heights Asset Management LLC bought a new stake in shares of United Dominion Realty Trust in the 2nd quarter worth $15,968,000. 97.82% of the stock is owned by institutional investors.
United Dominion Realty Trust Company Profile
United Dominion Realty Trust, Inc (NYSE: UDR) is a real estate investment trust that owns, operates, acquires and develops multifamily apartment communities. The company generates revenue primarily by leasing apartments and related residential units to individuals and households.
UDR’s portfolio includes conventional apartment communities as well as residential properties with amenities and services designed to support renter convenience and engagement. Its operations encompass property management, resident services, renovations, development and strategic acquisitions.
Founded in 1972, UDR has grown into a multifamily housing owner and operator serving selected markets across the United States.
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