BMO Capital Markets Reiterates Hold Rating for United Dominion Realty Trust, Inc. (NYSE:UDR)

United Dominion Realty Trust, Inc. (NYSE:UDR)‘s stock had its “hold” rating reiterated by research analysts at BMO Capital Markets in a research report issued to clients and investors on Tuesday, July 4th. They presently have a $39.00 price target on the real estate investment trust’s stock. BMO Capital Markets’ target price suggests a potential downside of 0.81% from the company’s previous close.

A number of other brokerages also recently weighed in on UDR. Evercore ISI downgraded United Dominion Realty Trust from an “in-line” rating to an “underperform” rating and set a $38.00 target price for the company. in a report on Monday, June 12th. Zacks Investment Research downgraded United Dominion Realty Trust from a “hold” rating to a “sell” rating in a report on Wednesday, March 22nd. BTIG Research downgraded United Dominion Realty Trust from a “buy” rating to a “neutral” rating in a report on Friday, June 30th. Barclays PLC boosted their price objective on United Dominion Realty Trust from $36.00 to $37.00 and gave the company an “equal weight” rating in a report on Wednesday, April 19th. Finally, Bank of America Corporation raised United Dominion Realty Trust from an “underperform” rating to a “neutral” rating and set a $37.00 target price on the stock in a research report on Wednesday, March 8th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company’s stock. United Dominion Realty Trust currently has an average rating of “Hold” and a consensus target price of $38.82.

United Dominion Realty Trust (NYSE:UDR) traded down 0.66% on Tuesday, reaching $39.06. 548,153 shares of the company’s stock were exchanged. The stock has a market capitalization of $10.45 billion, a PE ratio of 35.32 and a beta of 0.38. United Dominion Realty Trust has a 12 month low of $32.79 and a 12 month high of $40.71. The firm has a 50 day moving average of $39.15 and a 200 day moving average of $37.18.

United Dominion Realty Trust (NYSE:UDR) last posted its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.47 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.47. The company had revenue of $247.97 million for the quarter, compared to analyst estimates of $244.17 million. United Dominion Realty Trust had a return on equity of 10.40% and a net margin of 30.74%. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.45 earnings per share. Equities analysts predict that United Dominion Realty Trust will post $0.28 earnings per share for the current fiscal year.

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In other news, CEO Thomas W. Toomey sold 25,000 shares of the stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $38.45, for a total transaction of $961,250.00. Following the transaction, the chief executive officer now directly owns 1,136,295 shares in the company, valued at approximately $43,690,542.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Warren L. Troupe sold 15,000 shares of the stock in a transaction dated 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 owns 561,075 shares in the company, valued at $21,909,978.75. The disclosure for this sale can be found here. Insiders sold a total of 50,000 shares of company stock worth $1,934,200 over the last 90 days. Corporate insiders own 3.07% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in United Dominion Realty Trust by 2,403.2% in the first quarter. BlackRock Inc. now owns 29,154,927 shares of the real estate investment trust’s stock valued at $1,057,156,000 after buying an additional 27,990,211 shares during the period. Norges Bank acquired a new stake in United Dominion Realty Trust during the fourth quarter valued at $81,569,000. Vanguard Group Inc. boosted its stake in United Dominion Realty Trust by 2.2% in the first quarter. Vanguard Group Inc. now owns 46,963,868 shares of the real estate investment trust’s stock valued at $1,702,911,000 after buying an additional 1,010,027 shares during the period. Renaissance Technologies LLC boosted its stake in United Dominion Realty Trust by 28.3% in the first quarter. Renaissance Technologies LLC now owns 4,205,000 shares of the real estate investment trust’s stock valued at $152,473,000 after buying an additional 927,200 shares during the period. Finally, American Century Companies Inc. acquired a new stake in United Dominion Realty Trust during the first quarter valued at $20,805,000. Institutional investors and hedge funds own 98.85% of the company’s stock.

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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