United Dominion Realty Trust (NYSE:UDR) COO Sells $364,800.00 in Stock

United Dominion Realty Trust, Inc. (NYSE:UDR) COO Michael Lacy sold 10,000 shares of the company’s stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $36.48, for a total transaction of $364,800.00. Following the completion of the sale, the chief operating officer owned 783 shares in the company, valued at $28,563.84. This represents a 92.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

United Dominion Realty Trust Stock Down 0.6%

NYSE UDR traded down $0.22 during trading hours on Thursday, hitting $37.00. The company’s stock had a trading volume of 6,597,800 shares, compared to its average volume of 4,110,689. United Dominion Realty Trust, Inc. has a 52 week low of $33.10 and a 52 week high of $42.00. The company has a market capitalization of $11.89 billion, a PE ratio of 17.45, a price-to-earnings-growth ratio of 7.85 and a beta of 0.70. The company has a current ratio of 3.44, a quick ratio of 4.22 and a debt-to-equity ratio of 1.87. The company’s 50-day simple moving average is $34.96 and its two-hundred day simple moving average is $36.80.

United Dominion Realty Trust (NYSE:UDR) last issued its quarterly earnings data on Wednesday, October 21st. The real estate investment trust reported $0.67 EPS for the quarter. The firm had revenue of $428.08 million during the quarter. United Dominion Realty Trust had a return on equity of 22.39% and a net margin of 40.75%. Research analysts anticipate 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 disclosed a monthly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 15th will be issued a dividend of $0.1450 per share. This represents a $1.74 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend is Tuesday, December 15th. United Dominion Realty Trust’s payout ratio is currently 110.83%.

Institutional Investors Weigh In On United Dominion Realty Trust

Large investors have recently made changes to their positions in the business. New Mexico Educational Retirement Board raised its holdings in shares of United Dominion Realty Trust by 7.2% in 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 purchasing an additional 1,000 shares during the period. Addison Advisors LLC purchased a new position in United Dominion Realty Trust in the second quarter valued at approximately $58,000. Northwestern Mutual Wealth Management Co. bought a new position in United Dominion Realty Trust during the second quarter valued at $75,000. Allworth Financial LP bought a new position in United Dominion Realty Trust during the second quarter valued at $106,000. Finally, Westpac Banking Corp purchased a new stake in United Dominion Realty Trust in the second quarter worth $114,000. 97.82% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on UDR. Royal Bank Of Canada raised their price target on shares of United Dominion Realty Trust from $37.00 to $38.00 and gave the company a “sector perform” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $44.00 price objective on shares of United Dominion Realty Trust in a research report on Friday, August 14th. Scotiabank decreased their price objective on shares of United Dominion Realty Trust from $41.00 to $38.00 and set a “sector perform” rating for the company in a research note on Thursday, September 17th. JPMorgan Chase & Co. lifted their target price on shares of United Dominion Realty Trust from $39.00 to $41.00 and gave the stock an “underweight” rating in a research report on Tuesday, August 4th. Finally, Barclays cut their target price on United Dominion Realty Trust from $46.00 to $44.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $40.10.

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.