United Dominion Realty Trust (UDR) Receives Media Sentiment Rating of 0.14
Headlines about United Dominion Realty Trust (NYSE:UDR) have trended somewhat positive this week, according to Accern Sentiment. The research firm scores the sentiment of media coverage by reviewing more than 20 million news and blog sources. 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 news impact score of 0.14 on Accern’s scale. Accern also gave media headlines about the real estate investment trust an impact score of 47.3763025273458 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news stories that may have impacted Accern’s analysis:
- FY2018 EPS Estimates for United Dominion Realty Trust, Inc. Increased by KeyCorp (UDR) (americanbankingnews.com)
- United Dominion Realty Trust, Inc. (UDR) Rating Increased to Equal Weight at Morgan Stanley (americanbankingnews.com)
- UDR, Inc. breached its 50 day moving average in a Bullish Manner : UDR-US : August 16, 2017 (finance.yahoo.com)
- Thomas W. Toomey Sells 30,000 Shares of United Dominion Realty Trust, Inc. (UDR) Stock (americanbankingnews.com)
- KeyCorp Comments on United Dominion Realty Trust, Inc.’s FY2017 Earnings (NYSE:UDR) (americanbankingnews.com)
UDR has been the topic of several analyst reports. Barclays PLC raised their target price 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. Cantor Fitzgerald restated a “buy” rating and set a $39.00 price objective on shares of United Dominion Realty Trust in a report on Monday, April 24th. BTIG Research lifted their price objective on United Dominion Realty Trust from $37.00 to $39.00 and gave the stock a “buy” rating in a report on Monday, April 24th. BMO Capital Markets set a $39.00 price objective on United Dominion Realty Trust and gave the stock a “hold” rating in a report on Thursday, May 25th. Finally, Evercore ISI downgraded United Dominion Realty Trust from an “in-line” rating to an “underperform” rating and set a $38.00 price objective on the stock. in a report on Monday, June 12th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $38.60.
Shares of United Dominion Realty Trust (UDR) traded down 0.51% on Wednesday, hitting $38.93. The stock had a trading volume of 1,278,756 shares. The stock has a market cap of $10.42 billion, a P/E ratio of 35.20 and a beta of 0.38. United Dominion Realty Trust has a 1-year low of $32.79 and a 1-year high of $40.71. The firm’s 50-day moving average is $38.76 and its 200 day moving average is $37.48.
United Dominion Realty Trust (NYSE:UDR) last posted its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.47 EPS for the quarter, meeting the consensus estimate of $0.47. The firm had revenue of $247.97 million during the quarter, compared to analysts’ expectations of $244.17 million. United Dominion Realty Trust had a return on equity of 10.40% and a net margin of 30.74%. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.45 EPS. Equities analysts forecast that United Dominion Realty Trust will post $0.25 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Monday, July 10th were issued a $0.31 dividend. The ex-dividend date was Thursday, July 6th. This represents a $1.24 annualized dividend and a yield of 3.19%. United Dominion Realty Trust’s dividend payout ratio (DPR) is 112.73%.
In other United Dominion Realty Trust news, CEO Thomas W. Toomey sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $38.86, for a total value of $1,165,800.00. Following the completion of the transaction, the chief executive officer now owns 1,106,295 shares of the company’s stock, valued at approximately $42,990,623.70. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Thomas W. Toomey sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $38.45, for a total value of $961,250.00. Following the completion of the transaction, the chief executive officer now directly owns 1,136,295 shares of the company’s stock, valued at approximately $43,690,542.75. The disclosure for this sale can be found here. In the last ninety days, insiders sold 80,000 shares of company stock valued at $3,100,000. Insiders own 3.07% of the company’s stock.
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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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